Uniswap Slips in U.S. App Store Financial Rankings Amid Trading Slowdown

After briefly reaching the 99th spot following the U.S. presidential election in November 2024, Uniswap’s mobile app has fallen to 329th place in the financial category of the U.S. App Store. The drop reflects a broader decrease in trading volumes and user activity.

Throughout most of the year, Uniswap held a stable position around 190th, supported by positive market sentiment and consistent demand for crypto assets. However, recent data indicates that the surge was largely driven by short-lived excitement around the launch of Uniswap V4. 

Along with its drop in the App Store rankings, Uniswap has also experienced a sharp decline in active traders. Since the beginning of 2025, the number of wallets trading on Uniswap via the Ethereum blockchain has fallen by more than 45%—from nearly 70,000 to around 37,000. 

This rapid decline is a clear warning sign for the platform’s founders and developers, especially against the backdrop of growing pessimism fueled by geopolitical tensions and President Trump’s tariff wars.

Moreover, falling user interest has also been accompanied by a drop in trading activity. Uniswap’s trading volume decreased by 10% at the end of 2024, followed by another 22% drop in early 2025, reflecting a broader trend across the DeFi sector. In addition, many decentralized platforms continue to face significant challenges due to an increasingly unstable market environment.

If the current trajectory holds, the consequences for the wider crypto industry could be painful.

Related: Uniswap v4: The Game-Changing DEX Upgrade

Consequences and Outlook

Analysts note that these indicators point to a need for decentralized platforms to rethink their development strategies. Too often, user engagement is driven by short-term incentives (for instance, airdrops) rather than by meaningful improvements in functionality or user experience.

However, this issue isn't unique to Uniswap. Other crypto apps, including centralized exchanges, are also feeling the pressure. For example, Kraken Pro has dropped to 284th place in the App Store rankings, after previously holding a position near 190.

In this context, app rankings are becoming a broader signal of industry health, highlighting trends that may push developers to adapt more quickly to shifting conditions.

Related: How to Use Uniswap for Maximum Efficiency and Profit

To regain a competitive edge and build sustainable growth, platforms must prioritize technological innovation and user experience. However, high fees, fraud, and market volatility remain persistent challenges. Without addressing these issues, platforms like Uniswap risk losing ground to faster, more adaptive competitors.