Uniswap V4 recorded $1.40 billion in trading volume over 24 hours, according to on-chain data from DefiLlama, marking a 41.8 percent increase from the prior day.
The jump comes nine months after V4's December 2024 launch. V4 introduced customizable liquidity pools and dynamic fee structures, departing from the fixed-fee model that governed V3. The protocol has drawn liquidity and trading activity from competing exchanges and earlier Uniswap versions.
Uniswap V4 began with modest daily volumes in the hundreds of millions and has seen periodic spikes as market conditions shift and traders rotate capital. Daily volume figures fluctuate based on broader market volatility, token-specific events, and seasonal trading patterns across decentralized finance.
The 41.8 percent single-day gain outpaced typical trading rhythms. A spike of that magnitude usually correlates with either sharp volatility in major token pairs or notable protocol developments that draw fresh attention from professional market-makers.
DefiLlama tracks volume across decentralized exchanges by monitoring on-chain transaction data in real time. The tracker aggregates swap activity, lending platform throughput, and derivative trading across Ethereum, Arbitrum, Polygon, and other blockchain networks where Uniswap operates.
