Uniswap V4 generated approximately $6.05 billion in weekly decentralized exchange volume, placing the protocol version at the top of DeFiLlama’s latest DEX rankings. The milestone shows growing adoption of Uniswap’s modular liquidity architecture across several blockchain networks.
The volume is spread across multiple execution environments, but Ethereum, Robinhood Chain and Base account for most of the activity. That distribution gives Uniswap V4 broad market reach while keeping its liquidity profile concentrated around a small group of major networks.
Ethereum Remains the Largest V4 Market
Ethereum contributed approximately $2.38 billion in weekly Uniswap V4 volume, making it the largest individual chain in the protocol’s current market mix. The result reinforces Ethereum’s role as the main liquidity and settlement environment for Uniswap’s newest architecture.
Robinhood Chain followed with roughly $1.19 billion in weekly trading activity. Its position as the second-largest contributor reflects the rapid growth of Uniswap liquidity on the recently launched network.
Base generated approximately $1.05 billion over the same period, giving Coinbase’s Layer 2 another major share of V4 activity. BNB Chain, Polygon and smaller deployments accounted for the remaining volume.
The chain breakdown shows multichain expansion without equal distribution. Uniswap V4 is active across several networks, but the three largest contributors still determine most of its trading throughput and fee-generation potential.
V4 Moves Ahead of Earlier DEX Architectures
A separate market comparison placed Uniswap V4 ahead of Uniswap V3 and PumpSwap in weekly volume, with totals near $6.11 billion, $5.75 billion and $3.68 billion, respectively. Minor differences between tracker snapshots can result from timing and aggregation methodology.
The ranking suggests Uniswap V4 is gaining meaningful traction against its predecessor. Custom hooks and modular pool behavior give developers more control over fees, liquidity management and execution logic than earlier automated market maker designs.
That flexibility also creates additional smart contract and infrastructure dependencies. Each hook can introduce its own logic and security assumptions, making auditing and pool-level risk assessment increasingly important as more capital moves through V4.
The multichain structure creates another tradeoff because volume growth depends heavily on the leading execution environments. Network outages, policy changes or liquidity withdrawals on Ethereum, Robinhood Chain or Base could materially affect aggregate V4 activity.
Uniswap V4 stands as the leading DEX architecture by weekly volume in the latest tracker snapshot. The next useful indicators will be retained liquidity, chain-level fee generation, hook adoption and whether V4 can sustain its lead across subsequent trading periods.