Uniswap Hits 915 Million Swaps in 2025 — Why Is $UNI Still Stagnant?. Photo by BeInCrypto Uniswap has set a record with over 915 million transactions in 2025 and a trading volume surpassing $1 trillion. This achievement solidifies its position as the undisputed leader of DeFi. However, in stark contrast to this explosive growth, the value of the UNI token remains stagnant. This leaves many investors wondering: why does a protocol generating billions in revenue annually fail to deliver value to token holde ...