In May 2024, the number of wallets on Uniswap reached 7.26 million, a significant increase from the previous year. This growth is in line with other records set by the decentralized exchange, including a trading volume of over $2 trillion on April 5th. Uniswap currently leads in total value locked with $5.31 billion, ahead of PancakeSwap at around $2 billion.

The price of the UNI token is $7.14, showing a 1.59% increase in the last 24 hours. However, the trading volume for UNI has decreased by 32.52%.

Regulatory scrutiny has been a recent concern for Uniswap. The U.S. Securities and Exchange Commission (SEC) has informed Uniswap Labs of a potential enforcement action. This comes amid the SEC's broader crackdown on DeFi platforms, raising questions about how digital assets should be regulated compared to traditional securities like stocks or bonds.