Catenaa, Tuesday, April 08, 2025- Uniswap, a leading decentralized exchange, has witnessed a significant drop in its ranking on the US app store, falling from #99 to #364 in just two months.
This decline follows a brief surge in late 2024, when the election of pro-crypto President Donald Trump temporarily boosted the app’s position.
The app’s ranking spiked after Trump’s victory, reaching as high as #99 during his inauguration in January 2025.
However, the positive momentum was short-lived, and Uniswap’s app store ranking has since dramatically plummeted, even dipping lower than its position in 2023. Analysts suggest the surge in rankings was largely driven by election hype, with little sustained user interest following the event.
Further data supports this shift. The number of traders on Uniswap’s Ethereum network has decreased by over 45% in 2025, falling from 69,680 in early January to just 37,000 by March.
Trading volume also saw a marked decline, dropping by 10% from December 2024 to January 2025, followed by an additional 22% decrease in February.
Despite a slight recovery in volume toward the end of March, it appears unlikely that Uniswap will regain its former user activity. Given the recent data, the exchange is facing a prolonged downturn in both its app store rankings and overall market performance.
