Uniswap hits $9.1B in real-world asset swaps, led by tokenized S&P 500 product deSPXA

Uniswap has processed $9.1 billion in real-world asset swaps through 2.6 million transactions across 140,000 wallets, driven mainly by deSPXA, a tokenized S&P 500 index product launched on Base. This product, created with S&P Dow Jones Indices and Janus Henderson, offers decentralized access to the S&P 500, trading primarily against USDC with daily volumes around $1.7-$2 million. The milestone highlights growing institutional involvement in DeFi with credible financial firms distributing traditional assets on decentralized platforms, though regulatory and smart contract risks remain. Lower fees on Base enable broader participation, signaling a shift toward mainstream adoption of tokenized real-world assets.