Uniswap
TradingActive

Uniswap

Largest DEX by volume, now the first DeFi venue for institutional tokenized funds. If this distribution model works, it changes who gets access to what.

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Brief

World's largest DEX, $4T+ all-time volume. UniswapX trades BUIDL via Securitize integration since February 2026, restricted to qualified purchasers ($5M+ assets). BlackRock took an undisclosed UNI position the same day. UNI surged 25% on the news.

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Snapshot

Key terms and identifiers.

Asset classes
Equities, Treasuries
Token standards
erc-20
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Milestones

How this player got here.

  1. Feb 2026BUIDL goes live on UniswapX via Securitize integration. BlackRock takes UNI position
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Connections

Who they build with, build on, integrate with.

Flow

Capital, products, and distribution moving outward.

Dependency

Where this player builds on, integrates, or relies on others.

Tension

Direct competition or overlapping market position.