UNI Token Surges 12% as DeFi Optimism Grows After SEC Chair’s Supportive Comments

UNIUSDT experienced a notable 12.22% price increase over the past 24 hours, rising from a 24h open of 6.975 to a current price of 7.827 on Binance. This upward movement is primarily attributed to renewed optimism around regulatory developments in the DeFi sector, following supportive comments from the SEC Chair on June 11, which spurred a broader rally in DeFi tokens and increased investor confidence. Additionally, recent market volatility linked to geopolitical tensions in the Middle East contributed to sharp price swings, although UNI has demonstrated strong recovery momentum. Trading volume remained robust, with UNI maintaining a market cap of approximately $4.87 billion and circulating supply near 600.5 million tokens, underscoring heightened market interest and positioning UNI among the top DeFi assets.