🚨Explosive Good News? Uniswap Surges 41%, Is This the Trigger for a Bull Market?
Uniswap once again dominates the decentralized exchange rankings, making a strong comeback to the market's center stage.
In this new round of market recovery, its trading volume has surged, especially performing brilliantly on Layer 2 networks. The daily trading volume on the Base chain has surpassed $19.6 billion, far exceeding other platforms, firmly holding the top spot. This impressive data performance undoubtedly makes Uniswap the market focus.
But the question arises: can UNI, the platform's native token, really reap the benefits?
While most tokens in the overall market have rebounded, UNI has only recently just escaped a five-month downward trend. After falling to $4.74 on Wednesday, the price quickly rebounded, soaring to $6.70 within two days, with a maximum daily increase of 26%, setting the record for the largest single-day increase in 2025 so far.
The influx of funds in the spot market is also impressive — jumping from $1.45 million a day ago to $8.96 million, coupled with the continuous price rise, indicating that funds are “quietly entering the market.” Meanwhile, the derivatives trading volume has also exploded, increasing by over 109% daily, surpassing $1 billion.
Although some investors are starting to take short-term profits, the overall trend remains upward. UNI's price is still 67% lower than the highs at the end of last year, which may be an opportune moment for funds looking to “buy the dip.”
Currently, Uniswap's on-chain activity is off the charts, and whether it can fully ignite UNI's market performance will depend on whether the market is willing to support it.