UNISWAP（UNI）面對急性看跌壓力

在過去一周中，Uniswap（UNI）面臨急性看跌壓力，令牌的價格下降了11％以上。

Uniswap (UNI) has faced sharp bearish pressure over the past week, with the token’s price declining by more than 11%. However, despite this pullback, bullish sentiment within the market remains strong as Uniswap continues to dominate the decentralized exchange (DEX) landscape and shows signs of potential price recovery.

在過去一周中，Uniswap（UNI）面臨急性看跌壓力，令牌的價格下降了11％以上。然而，儘管有這種回調，但由於Uniswap繼續主導了分散的交易所（DEX）景觀，因此市場中的看漲情緒仍然強烈，並顯示了潛在價格恢復的跡象。

In the last 24 hours alone, UNI’s price has fallen by 7.71%. This extends a multi-day downtrend that has seen the token’s value erode consistently.

僅在過去的24小時內，Uni的價格下跌了7.71％。這擴展了多天的下降趨勢，該趨勢已經看到令牌的值始終如一地侵蝕。

However, this downturn comes amid an overall healthy performance for the Uniswap protocol, which has seen increasing user activity, liquidity inflow, and positive developments in on-chain metrics.

但是，由於UNISWAP協議的總體健康表現，這種衰退的趨勢已經增加，該協議的用戶活動增加了，流動性流入和鍊鍊指標的積極發展。

Key takeaways:

關鍵要點：

* UNI price faces pressure with a 7.71% drop in the last 24 hours amid broader cryptocurrency market weakness.

*在更廣泛的加密貨幣市場疲軟中，Uni價格在過去24小時內面臨7.71％的壓力。

* Despite this, traders remain bullish on UNI in the futures market, where long positions outweighed short ones.

*儘管如此，交易者仍然看漲期貨市場上的Uni，長期以來的職位勝過短期。

* Uniswap’s Total Value Locked (TVL) increased slightly, while a key competitor, Raydium, experienced a significant drop in TVL.

* UNISWAP的總價值鎖定（TVL）略有增加，而關鍵競爭對手Raydium的TVL大幅下降。

* Liquidity outflows from Uniswap align with a notable drop in trading volume, signaling temporary market fatigue.

*從UNISWAP一致的流動性流出，交易量的下降，信號臨時市場疲勞。

* Despite some weakness, there are positive signs for DEXs as they saw a 20% increase in engagement over the past month.

*儘管有些弱點，但DEX的跡象仍然是積極的跡象，因為他們在過去一個月中的參與度增加了20％。

One factor in UNI’s resilience is the continued support from spot traders. While some large holders decided to take profits and exit their positions—dumping nearly one million UNI tokens, valued at around $5.73 million—retail and smaller investors stepped in to buy the dip.

Uni彈性的一個因素是現貨交易者的持續支持。雖然一些大型持有人決定拿走利潤並退出職位，即近一百萬個單位代幣（價值約573萬美元）的零售店，而較小的投資者介入了購買蘸醬。

In the same 24-hour period, spot buyers accumulated 2.1 million UNI, which is roughly equivalent to $12.28 million, cushioning the token from a more severe decline.

在相同的24小時時期，現場買家累積了210萬個大學，大約相當於1,228萬美元，使該令牌避免下降更嚴重。

Uniswap Gains Ground Among DEXs Amid Price Setback

在價格挫折的DEX中，UNISWAP獲得了地面

Even amid a short-term price decline, Uniswap has managed to advance in its role as the leading decentralized exchange. According to DeFiLlama, Uniswap’s Total Value Locked (TVL) saw a slight increase, rising from $4.924 billion to $4.959 billion, adding $35 million in value.

即使在短期價格下降的情況下，Uniswap也設法晉升為領先的分散交易所。根據Defillama的說法，Uniswap的總價值鎖定（TVL）略有增加，從49.24億美元增加到49.59億美元，增加了3500萬美元的價值。

In contrast, a key competitor, Raydium, experienced a substantial setback with a $52 million drop in TVL over the same period.

相比之下，關鍵競爭對手雷迪姆（Raydium）在同一時期經歷了巨大的挫折，TVL下降了5200萬美元。

TVL is a crucial metric used to assess the value of assets locked within a protocol, and it often reflects investor trust and user engagement. The rise in TVL suggests that more capital is being deployed into Uniswap, an indicator of long-term confidence in the platform’s utility and growth prospects.

TVL是用於評估協議中鎖定資產的價值的關鍵指標，它通常反映了投資者的信任和用戶參與度。 TVL的上升表明，將更多的資本部署到Uniswap中，這表明對平台的公用事業和增長前景的長期信心。

Liquidity Outflows and Volume Decline Reflect Market Uncertainty

流動性流出和數量下降反映了市場不確定性

Despite gains in TVL, the broader picture has not been entirely favorable. Over the past few days, Uniswap has seen approximately $219 million in liquidity outflows.

儘管有TVL的收益，但更廣泛的畫面並不是完全有利的。在過去的幾天中，Uniswap的流動性流出約為2.19億美元。

This aligns with a notable drop in trading volume, which fell by more than $600 million since May 15—declining from $3.5 billion to just under $2.9 billion—according to IntoTheBlock.

這與著名的交易量下降相符，自5月15日以來，這筆交易量超過了6億美元，從35億美元到不到29億美元，到了intotheblock。

This decrease in volume signals a temporary pause in trader engagement, likely triggered by overall market sentiment and macroeconomic uncertainties.

體積的減少標誌著交易者參與的暫時停頓，這可能是由整體市場情緒和宏觀經濟不確定性引起的。

Yet, even amid this pullback, the fact that Uniswap has managed to grow its TVL and maintain trader interest reflects a deeper layer of resilience within the protocol.

然而，即使在此回調中，uniswap設法增長了其TVL並保持交易者的興趣這一事實反映了協議中更深的彈性層。

Long Traders Remain Committed Despite Incurring Losses

儘管損失損失，但長交易者仍然承諾

While the market environment has remained bearish, futures traders are still betting on a potential rebound. Long positions continue to dominate short ones, evidenced by the Open Interest Weighted Funding Rate, which remains in positive territory at 0.0054%.

儘管市場環境仍然看跌，但期貨交易者仍在押注潛在的反彈。長位置繼續佔據短職位，這是由開放利息加權籌資率證明的，該籌資率保持在正區域為0.0054％。

Though trending slightly downward, this indicator still reflects a market skewed toward bullish expectations.

儘管趨勢略有下降，但該指標仍然反映出市場傾向於看漲的期望。

Interestingly, long traders incurred significant losses in the past day—approximately $1.05 million—compared to just $25,600 lost by short traders.

有趣的是，在過去的一天中，長期交易者造成了巨大的損失（大約105萬美元），而短交易者損失了25,600美元。

This willingness to risk capital signals confidence among a segment of investors that UNI may soon stage a recovery.

這種冒險資本風險的意願表明，Uni可能很快恢復的一部分投資者之間的信心。

Can Uniswap fuel a Rally from Here?

UNISWAP可以從這裡加油嗎？

The answer may lie in broader ecosystem trends. Over the past month, decentralized exchanges have seen a 20% uptick in engagement, showing renewed investor interest in DEX platforms.

答案可能在於更廣泛的生態系統趨勢。在過去的一個月中，分散的交易所的參與度增長了20％，顯示了投資者在DEX平台上的新興趣。

While activity slowed slightly over the last day, the larger trend remains positive.

雖然在最後一天的活動略有減慢，但較大的趨勢仍然是積極的。

If interest in decentralized finance continues to grow—and if spot buyers and developers remain active in Uniswap’s ecosystem—there’s potential for a short-term bounce and a medium-term rally.

如果對分散融資的興趣繼續增長（如果現貨購買者和開發商在Uniswap的生態系統中保持活躍），那麼短期反彈和中期集會的潛力。

The protocol’s solid fundamentals, including its innovation pace and market share among DEXs, serve as strong tailwinds.

該協議的堅實基本面，包括其創新的步伐和DEX之間的市場份額，是強烈的逆風。