UNISWAP（UNI）在2025年5月的每月交易量为888亿美元

这些令人印象深刻的数据表明，在分散交易所中领先的Defi平台的本地标记Uni引起了人们的浓厚兴趣。

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）的每月交易量为888亿美元，这是自年初以来记录的最高价值。

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.

这些令人印象深刻的数据证明了对分散交换领域领先的Defi平台的本地令牌对Uni的浓厚兴趣。

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.

数量的增长得到了链接活动的增加和协议财政部的增长价值的支持，即增强投资者积极情绪的要素。

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

此外，美国证券交易委员会（SEC）最近的宣布推动了热情。

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

SEC主席保罗·阿特金斯（Paul Atkins）表示，确实正在准备一种称为“创新豁免”的监管豁免，旨在偏爱defi平台。

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

在相对平静的一段时间后，这种监管发展可能会给Defi带来巨大的提升，从而唤醒人们的兴趣。

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

UNISWAP（UNI）的简要技术分析：突破和力量信号

UNISWAP（UNI）的简要技术分析：突破和力量信号

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

UniSwap的价格分别在6.62和7.55美元的情况下损失了两个局部电阻水平。

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.

第二层的超越尤其重要，并表明投资者明确的牛意图。从5月初开始的7.55美元集会已建立了有利于买家的新价格结构。

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

总计日常交易量的体积量（OBV）指标随着这一牛的搬迁而达到了新的高度，表明需求强劲。

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货币流量（CMF）在20天内显示出负值，恰好约为-0.05，这表明近期Uni代币的资本流出压力很小。

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

这种二分法表明，尽管有很大的数量，但一些投资者可能已经获得了利润或暂时减少了他们的曝光率。

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.

在过去的一个月中，50天简单的移动平均线（50 DMA）是对Uni价格的可靠支持。只要保持这种动态水平，公牛趋势保持完整。

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

只有在此级别的缺点上休息才会导致情绪变化和可能的回调。

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，投资者和贸易商可以将合并超过7.55美元，并有可能进一步推动12美元的心理门槛，这是基于当前市场动态的一些分析师指示的目标。

The impact of regulatory innovation on DeFi and UNI

监管创新对DEFI和UNI的影响

监管创新对DEFI和UNI的影响

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“创新豁免”的消息代表了整个分散财务部门的潜在变化。实际上，该法案在美国努力寻找明确的监管框架，阻碍了投资和采用。

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

为这些协议引入更灵活，更具体规则的措施可以为新的机构资本和零售用户打开大门。

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，创纪录的UNISWAP量并非偶然：投资者预计UNI和整个Defi生态系统的复兴阶段可能会受益于更大的合法性和监管安全。

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

这可能会吸引更大的资本流量，并在未来几周和几个月内导致持久的增长。

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

UNISWAP是DEFI中最流动的平台之一，每天交易数百万美元。

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.

超过880亿个月刊表明用户和投资者积极兴趣回收。此外，更大的流动性在交易中产生较低的滑倒，并使Uni成为交易的更具吸引力的资产。

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，国库价值的增长和监管积极性的结合为UNI的价格增长带来了一个有利的环境。

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

尽管CMF数据中出现了一些资本流出的迹象，但总体需求仍然很强劲，并确认了合并的公牛趋势。

Perspective for investors and DeFi enthusiasts

投资者和偏爱爱好者的观点

投资者和偏爱爱好者的观点

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.

有了明确的技术框架和即将进行的监管支持，Uniswap似乎有望巩固牛阶段。因此，Uni代币的12美元目标成为监控的具体前景。

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，投资者必须对市场信号保持专注，尤其是持有50天移动平均线和链上活动的演变。

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

最终，记录量和监管期望的结合为那些相信Defi生态系统的人开辟了新的有趣场景。

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可能再次成为交易者，投资者和开发商的参考点，为迅速发展的行业的可持续增长做出了贡献。

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.

对UNISWAP的重新启动以及有利监管的前景可以标志着UNI和整个Fefi的新增长周期。

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

市场的主角将需要密切关注技术和监管发展，以最好的方式抓住机会。

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.

等待具体的发展，遵循大学的趋势和交易量的发展仍然是那些寻求了解这种创新金融资产最重要动态的人的有用策略。

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可以将自己确立为确认的领导者和参考的情况，在加密货币和分散财务的情况下。