Uniswap has extended its gains for a third consecutive day, trading around $6.27 and approaching yearly highs. The token has surged over 45% in the past week, recovering from consolidated levels near $4.50. Trading volume has also climbed significantly, rising above $1 billion from prior levels below $400 million.
Network Activity Drives the Rally
The price gains are supported by increased activity across the Uniswap ecosystem. Robinhood Chain recorded $1.67 billion in 24-hour decentralized exchange volume, with Uniswap V3 and V4 together accounting for more than $1.17 billion of that activity.
Additional network developments include record swap activity, with Uniswap processing more than 7 million swaps in a single day. The protocol's role in tokenized asset trading has also expanded, creating new volume sources beyond conventional cryptocurrency trading.
Technical Positioning
Uniswap has recovered from local lows near $2.50, forming a broad rounded-bottom pattern. The current price of $6.27 has brought the token to a key technical level. On-balance volume indicators are rising alongside price, suggesting improving buying pressure, while open interest has climbed to approximately $12.35 million, marking its highest level.
A confirmed breakout above current resistance could expose the price to $8.63 and eventually $10.15, though the token would need to sustain strong buying pressure to maintain higher levels.
