Uniswap's Q3 trading volume hits $170 billion, up 31% from the previous quarter

Uniswap's decentralized exchange spot trading volume reached $170 billion in the third quarter of 2026, up roughly 31% from the previous quarter, according to ARK Invest's Q3 report. Total DEX spot volume across all tracked platforms hit $571 billion as of September 30, a 13% quarter-over-quarter increase, with Uniswap accounting for approximately 30% of that figure. The DEX-to-CEX spot volume ratio climbed to about 23.3% in Q3 from 20.3% in Q2, marking a continued shift of trading activity toward decentralized venues. The report also noted growing traction in tokenized stock trading, a segment that has expanded alongside the broader DEX volume rebound. Market watchers will be monitoring whether the DEX market share of overall exchange spot volume can sustain its climb above the 23% level in the fourth quarter.