UNISWAP（UNI）在2025年5月的每月交易量為888億美元

這些令人印象深刻的數據表明，在分散交易所中領先的Defi平台的本地標記Uni引起了人們的濃厚興趣。

May saw Uniswap (UNI) achieve a monthly trading volume of 88.8 billion dollars, the highest value recorded since the beginning of the year.

May看到UNISWAP（UNI）的每月交易量為888億美元，這是自年初以來記錄的最高價值。

This impressive data is a testament to the strong interest in UNI, the native token of the leading DeFi platform in the decentralized exchange sector.

這些令人印象深刻的數據證明了對分散交換領域領先的Defi平台的本地令牌對Uni的濃厚興趣。

The growth in volume has been supported by an increase in on-chain activity and the growing value of the protocol’s treasury, elements that strengthen the positive sentiment of investors.

數量的增長得到了鏈接活動的增加和協議財政部的增長價值的支持，即增強投資者積極情緒的要素。

Moreover, the recent announcement by the Securities and Exchange Commission (SEC) of the United States has fueled the enthusiasm.

此外，美國證券交易委員會（SEC）最近的宣布推動了熱情。

According to Paul Atkins, chairman of the SEC, a regulatory exemption called “innovation exemption” is indeed being prepared, designed to favor DeFi platforms.

SEC主席保羅·阿特金斯（Paul Atkins）表示，確實正在準備一種稱為“創新豁免”的監管豁免，旨在偏愛defi平台。

This regulatory development could bring a significant boost to DeFi, awakening interest after a period of relative calm.

在相對平靜的一段時間後，這種監管發展可能會給Defi帶來巨大的提升，從而喚醒人們的興趣。

Brief technical analysis of Uniswap (UNI): breakout and signals of strength

UNISWAP（UNI）的簡要技術分析：突破和力量信號

UNISWAP（UNI）的簡要技術分析：突破和力量信號

The price of Uniswap has broken through two local resistance levels, at 6.62 and 7.55 dollars, respectively.

UniSwap的價格分別在6.62和7.55美元的情況下損失了兩個局部電阻水平。

The surpassing of the second level was particularly significant and indicates a clear bull intention from the investors. The rally towards 7.55 dollars, which began at the start of May, has established a new price structure favorable to the buyers.

第二層的超越尤其重要，並表明投資者明確的牛意圖。從5月初開始的7.55美元集會已建立了有利於買家的新價格結構。

The On-Balance Volume (OBV) indicator, which sums the daily trading volumes, has reached a new high with this bull move, indicating strong demand.

總計日常交易量的體積量（OBV）指標隨著這一牛的搬遷而達到了新的高度，表明需求強勁。

However, the Chaikin Money Flow (CMF) over 20 days showed negative values, precisely around -0.05, suggesting a slight capital outflow pressure from the UNI token in recent times.

但是，chaikin貨幣流量（CMF）在20天內顯示出負值，恰好約為-0.05，這表明近期Uni代幣的資本流出壓力很小。

This dichotomy indicates that, despite the high volume, some investors might have taken profits or temporarily reduced their exposure.

這種二分法表明，儘管有很大的數量，但一些投資者可能已經獲得了利潤或暫時減少了他們的曝光率。

In the past month, the 50-day simple moving average (50 DMA) has acted as a reliable support for the price of UNI. As long as this dynamic level is maintained, the bull trend remains intact.

在過去的一個月中，50天簡單的移動平均線（50 DMA）是對Uni價格的可靠支持。只要保持這種動態水平，公牛趨勢保持完整。

Only a break to the downside of this level could lead to a change in sentiment and a possible pullback.

只有在此級別的缺點上休息才會導致情緒變化和可能的回調。

Investors and traders can therefore aim for a consolidation above 7.55 dollars, with the possibility of a further push towards the psychological threshold of 12 dollars, a target indicated by some analysts based on the current market dynamics.

因此，投資者和貿易商可以將合併超過7.55美元，並有可能進一步推動12美元的心理門檻，這是基於當前市場動態的一些分析師指示的目標。

The impact of regulatory innovation on DeFi and UNI

監管創新對DEFI和UNI的影響

監管創新對DEFI和UNI的影響

The news of the possible “innovation exemption” from the SEC represents a potential change for the entire decentralized finance sector. The DeFi, in fact, struggles to find a clear regulatory framework in the United States, hindering investments and adoption.

SEC的“創新豁免”的消息代表了整個分散財務部門的潛在變化。實際上，該法案在美國努力尋找明確的監管框架，阻礙了投資和採用。

A measure that introduced more flexible and specific rules for these protocols could open the doors to new institutional capital and retail users.

為這些協議引入更靈活，更具體規則的措施可以為新的機構資本和零售用戶打開大門。

Consequently, the record volume of Uniswap does not appear coincidental: investors anticipate a phase of revival for UNI and the entire DeFi ecosystem, which could benefit from greater legitimacy and regulatory security.

因此，創紀錄的UNISWAP量並非偶然：投資者預計UNI和整個Defi生態系統的複興階段可能會受益於更大的合法性和監管安全。

This could attract more significant capital flows and lead to durable growth in the coming weeks and months.

這可能會吸引更大的資本流量，並在未來幾周和幾個月內導致持久的增長。

Uniswap stands out for being one of the most liquid platforms in DeFi, with millions of dollars traded every day.

UNISWAP是DEFI中最流動的平台之一，每天交易數百萬美元。

The exceeding of 88 billion in monthly volume demonstrates a recovery of active interest from users and investors. Furthermore, greater liquidity generates lower slippage in trading and makes UNI a more attractive asset for trading.

超過880億個月刊表明用戶和投資者積極興趣回收。此外，更大的流動性在交易中產生較低的滑倒，並使Uni成為交易的更具吸引力的資產。

The combination of high volume, growth in treasury value, and regulatory positivity creates a favorable environment for the price growth of UNI.

高批量，國庫價值的增長和監管積極性的結合為UNI的價格增長帶來了一個有利的環境。

Even though some signs of capital outflow emerge from the CMF data, the overall demand remains strong and confirms a consolidated bull trend.

儘管CMF數據中出現了一些資本流出的跡象，但總體需求仍然很強勁，並確認了合併的公牛趨勢。

Perspective for investors and DeFi enthusiasts

投資者和偏愛愛好者的觀點

投資者和偏愛愛好者的觀點

With a clear technical framework and imminent regulatory support, Uniswap seems on track to consolidate a bull phase. The target of 12 dollars for the UNI token thus becomes a concrete prospect to monitor.

有了明確的技術框架和即將進行的監管支持，Uniswap似乎有望鞏固牛階段。因此，Uni代幣的12美元目標成為監控的具體前景。

However, investors must remain attentive to market signals, particularly the holding of the 50-day moving average and the evolution of on-chain activity.

但是，投資者必須對市場信號保持專注，尤其是持有50天移動平均線和鏈上活動的演變。

Ultimately, the combination of record volumes and regulatory expectations opens up new interesting scenarios for those who believe in the DeFi ecosystem.

最終，記錄量和監管期望的結合為那些相信Defi生態系統的人開闢了新的有趣場景。

Uniswap could once again become a point of reference for traders, investors, and developers, contributing to the sustainable growth of a sector that is rapidly gaining ground.

UNISWAP可能再次成為交易者，投資者和開發商的參考點，為迅速發展的行業的可持續增長做出了貢獻。

The relaunch of volume on Uniswap and the prospect of favorable regulation can mark a new growth cycle for UNI and for the entire DeFi.

對UNISWAP的重新啟動以及有利監管的前景可以標誌著UNI和整個Fefi的新增長周期。

The protagonists of the market will need to closely follow the technical and regulatory developments to seize the opportunities in the best possible way.

市場的主角將需要密切關注技術和監管發展，以最好的方式抓住機會。

Waiting for concrete developments, following the trend of Uni and the movement of trading volumes remains a useful strategy for those seeking to understand the most important dynamics of this innovative financial asset.

等待具體的發展，遵循大學的趨勢和交易量的發展仍然是那些尋求了解這種創新金融資產最重要動態的人的有用策略。

A scenario in which UNI can establish itself as a confirmed leader and point of reference in the landscape of crypto and decentralized finance.

Uni可以將自己確立為確認的領導者和參考的情況，在加密貨幣和分散財務的情況下。