Decentralized exchange, Uniswap, has become the first to cross the $3 trillion mark in all-time trading volume. The platform’s native layer 2 blockchain, UniChain, has also now outpaced Ethereum in transaction volume on UniSwap V4.
This achievement follows the January 2025 improvements to UniSwap V4, which included gas fee savings, direct support for ETH, dynamic fees, and the ability to execute custom code.
These improvements, along with the broader recovery in crypto prices this year, have contributed to a surge in Uniswap’s transaction volume.
In the past week alone, UNI price has surged more than 35%, pushing the token close to crucial resistance levels.
As of 08:00 ET on Friday, UNI is trading at $6.66.
Examining the 24-hour price chart, it began the day at $7.07 before dropping to as low as $6.09. From there, the token rebounded to reach an intraday high of $6.69. In the past 24 hours, $487.46 million worth of UNI has been traded.
Over the seven-day period, UNI’s price showed mixed sentiment. It dropped slightly on Wednesday, opening at $4.87 before closing at $4.64. However, on Thursday, UNI shot up by 26% to pass both the 20-day and 50-day Simple Moving Averages (SMAs). It closed the day at $6.14.
After climbing another 18.58% on Saturday to reach $7.54, the rally seems to have stalled, as UNI hit the apex at $7.19 before retracing to $6.66 in the last 24 hours.
Looking ahead, if the price resumes its upward trajectory, it could encounter resistance at $7.57 in the short term. Further gains could push the price toward $8.59. Conversely, a short-term correction could see the price drop below the support level of $6.09.
