Uniswap holds nearly half of stablecoin DEX volume in 30-day data
Uniswap accounted for about 47.2% of stablecoin DEX volume over the past 30 days, according to a Token Terminal post on X. The figure translates to roughly $76.2 billion out of a $161.4 billion total across 35 venues.
Stablecoins generated $161.4B in DEX trading volume over the past 30 days across 35 venues
Uniswap v4 & v3 together accounted for 47.2%, or ~$76.2B pic.twitter.com/PmaFfAhtGn
— Token Terminal 📊 (@tokenterminal) October 10, 2026
The same data points to Uniswap v3 and v4 as the main drivers of that share. Together, the two versions made up the bulk of the protocol’s stablecoin activity, underscoring how concentrated this part of DeFi trading remains on one venue.
PancakeSwap was listed as the second-largest venue in the circulating summary, but at a much lower share than Uniswap. The data also highlighted USDC as the dominant asset in the stablecoin volume mix, accounting for 52.1% of asset volume.
The numbers describe a clear lead in stablecoin trading activity, but they do not by themselves show whether the volume reflects longer-term user preference, routing behavior or short-lived market conditions. What they do show is that, in the measured period, Uniswap remained the largest destination for stablecoin DEX flow by a wide margin.
