Uniswap’s star is fading fast. According to The Block’s Data and Insights newsletter, Uniswap experienced a drastic decline from its previous top spot of #99 to a rank of #364 in the U.S. app store within a two-month period following Donald Trump’s election victory. Uniswap’s supposed breakthrough was a downward trajectory that reached disastrous rates, while internal data points demonstrate even worse conditions.
From Election High to All-Time Low
During almost all of 2024, Uniswap maintained its position of #190 in the financial section of the U.S. app store market, which was considered satisfactory yet not exceptional. During November 5th, when Trump won the Electoral Vote, the crypto asset climbed to spot #110 in the U.S. App Store rankings. Uniswap reached its highest point at position #99 in January after starting at a lower spot of #190 in the previous month, following the market’s optimistic reception. But that shine’s long gone. Uniswap secured its worst position in the app rankings at number 364 as the year progressed past the election season. Election fever? Sure. Staying power? Not so much.
Uniswap experienced a steep, continuous decline in ranking since the other crypto apps managed to stabilize their positions. The downward trend represents more than typical baseline recovery because it demonstrates a major market concern. The data is reverberating an intense warning about something fundamental being wrong.
Traders Flee, Volume Dries Up
The pattern inside Uniswap’s operations reveals worse conditions. The trader population on Ethereum declined by an astounding 45% between January 2025 and the present day, as their numbers fell from 69,680 to 37,000, which represents its lowest level since July 2023. Trading volume severely deteriorated in two successive months since its starting point in December 2024. January brought a 10% reduction, followed by a staggering 22% decline between February and March. The current month of March still has time to expire, yet trading volume already stands at fewer than half of what was observed during February. Spoiler: it’s not looking pretty.
The recent developments align with an ongoing, conspicuous pattern across the market. The decreasing number of users swapping tokens, combined with reduced cryptocurrency transaction flow at Uniswap, creates a drying up of cash flow through its platform. The sudden drop in the application store rankings indicates that Uniswap has lost its competitive advantage, as it should be reaching new heights.
What’s Dragging Uniswap Down?
So, what gives? The Trump bump was genuine, and all crypto apps experienced its effect, yet Uniswap’s decline became most noticeable. The election stimulation appeared to provide temporary excitement but lacked sustainability. Alternative DeFi protocols seem to be pulling away from Uniswap, while token exchange transactions at the platform face user boredom. Uniswap appears unloved as Ethereum plans to launch Pectra in late April.
The cryptocurrency market has maintained a substantial valuation at $2.9 trillion after decreasing from $3.9 trillion. Uniswap faces internal issues instead of external market factors. The position at #364 represents a significant danger signal that demonstrates how the protocol used to lead throughout DeFi has deteriorated.
Can Uniswap Bounce Back?
This Uniswap app ranking investigation delivered by blocknewsx.com should serve as an alert to its audience. A decrease from #99 position to #364 over two months classifies as more than a tumble—it represents a complete failure. The low trading volume creates conditions for March to become a difficult quarter. Users continue to monitor March data, but should not expect sudden positive surprises. The crypto support of former President Trump created a spark, but Uniswap continues to let that enthusiasm fade. The upcoming changes will make an unappealing situation.
