- Uniswap’s UNI token has surged 60% in July, supported by rising trading volume, strong on-chain activity, and bullish technical signals.
- With v4’s TVL crossing $1.03 billion and cumulative volume exceeding $110 billion, a breakout above $11.30 could push UNI toward $13.
Uniswap is making waves again in the DeFi space, riding a bullish trend that has traders watching closely. The decentralized exchange’s native token, UNI, is currently trading at $11.02 — a 4% rise in 24 hours and an impressive 60% surge over July. With cumulative volume surpassing $110 billion and total value locked (TVL) in Uniswap v4 now over $1.03 billion, the protocol’s latest upgrade is fueling investor optimism.
Uniswap v4 Shatters Milestones
Uniswap v4, launched in January 2025, continues to deliver strong on-chain performance. In July alone, Uniswap processed over 640 million swaps and integrated with major networks including Ethereum, Arbitrum, Base, and BNB Chain. Its native layer 2 solution, Unichain, now handles roughly 75% of trades, thanks to its low fees and fast transaction speeds.
Protocols like Bunni and EulerSwap, which utilize custom Hooks on v4, have already surpassed $1 billion in volume. The 30-day DEX volume stands at $26 billion, according to DeFiLlama, reflecting strong demand and liquidity across platforms.
Bullish Technical Setup in Place
UNI’s price pattern suggests a “staircase” climb — steady gains with brief pauses. It recently touched $11.30, its current resistance level, while staying above critical supports like the 20-day SMA of $9.73. Technical indicators such as the Relative Strength Index (RSI) at 71.30 signal overbought conditions, hinting at potential short-term pullbacks.
Still, with trading volume rising 25% to $427.5 million and open interest up 4.76% to $754.7 million, the market sentiment remains bullish. A decisive break above $11.30 could pave the way to $12 and possibly $13–$14 if momentum holds.
What to Watch Next
Despite some risk of profit-taking, the broader structure for Uniswap remains bullish as long as UNI trades above $10. If resistance is broken and sustained volume continues, UNI could reach new local highs.
Uniswap v4’s rapid adoption and cross-chain reach are strengthening its position as a dominant force in DeFi. For investors and traders alike, all eyes are now on that $11.30 level — and what comes after.
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