Uniswap Reclaims Top DEX Spot with $111.8B in August Trades
Uniswap leads the DEX market in August with $111.8B in volume, overtaking PancakeSwap’s $92B, according to CoinGecko.
- Uniswap tops DEX trading volume with $111.8B in August
- PancakeSwap slips to second place at $92B
- Data sourced from CoinGecko’s latest monthly report
Uniswap has reclaimed its position as the leading decentralized exchange (DEX), handling an impressive $111.8 billion in trading volume throughout August 2025. According to data from CoinGecko, Uniswap outpaced PancakeSwap, which reported $92 billion in trades for the same month.
This sharp rise reinforces Uniswap’s dominance in the decentralized finance (DeFi) ecosystem. It also signals a growing trend among traders favoring Ethereum-based protocols, despite higher transaction fees compared to other chains like BNB Smart Chain, where PancakeSwap operates.
The DEX sector remains highly competitive, but Uniswap’s user-friendly interface, deep liquidity pools, and continual innovation appear to give it the edge once again.
PancakeSwap Drops to Second Despite Strong Volume
While PancakeSwap still posted a substantial trading volume of $92 billion in August, it wasn’t enough to maintain its top position. The platform remains popular, especially for BNB Chain users, offering fast transactions and low fees.
However, PancakeSwap’s slight dip in market share could be attributed to increased competition and shifting trader sentiment toward Ethereum-based assets.
Still, both platforms continue to dominate the DEX space, accounting for the majority of decentralized trading activity globally.
The Ongoing Battle for DEX Dominance
The race for DEX supremacy is far from over. Monthly shifts in trading volume often reflect broader market trends, user preferences, and new product launches.
Uniswap’s recent climb could also be fueled by upcoming protocol upgrades and growing institutional interest. Meanwhile, PancakeSwap may rebound with cross-chain enhancements and ecosystem partnerships.
With more traders entering the DeFi space, and developers constantly innovating, the battle for DEX dominance remains one of the most dynamic narratives in crypto.
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