<\/p>\n
<\/p>\n
Uniswap\u2019s (UNI) price rose about 4\u20135% over the past 24 hours on Tuesday, clawing back ground after a week of steady selling as traders rushed to cover shorts and fade what they saw as an overshoot to the downside. <\/p>\n
UNI spot prices hovered around $3.10\u2013$3.20 during the European afternoon, up from the roughly $3.00 area printed earlier this week, but still far below the $4.00 handle seen around key governance headlines in late February and early March. <\/p>\n
The move comes as Uniswap, an automated market maker and leading DeFi DEX whose governance token sits squarely in the DeFi\/L1 infrastructure bucket, continues to trade as a high\u2011beta proxy on on\u2011chain liquidity rather than a pure idiosyncratic story.finance.<\/p>\n
Historical data from Yahoo Finance shows UNI closing near $3.10 on April 7 after marking $3.12 on April 5 and $3.17 on April 4, highlighting how compressed the absolute trading range has been even as percentage swings look dramatic intraday. <\/p>\n
Kraken\u2019s price page lists Uniswap at about $3.15, up 1.82% over the last 24 hours, with a circulating supply of roughly 633.6 million UNI and a market capitalization just under $2.00 billion. WEEX cites a similar picture, showing UNI at $3.11 with a 24\u2011hour volume of about $125.44 million and a market cap near $1.97 billion, reinforcing that today\u2019s jump is happening inside a broader multi\u2011month range rather than breaking it.<\/p>\n
Derivatives flows line up with the short\u2011covering narrative. While venue\u2011specific UNI perp data remains fragmented, platforms tracking perpetuals across majors have flagged a broader pattern where perpetual trading volume has doubled over the past five months even as aggregate open interest only climbed about 50%, from roughly $13 billion to $18 billion before retracing back to $13 billion. That structure\u2014more turnover relative to the open risk being carried\u2014typically marks environments where traders are trading the range, not building long\u2011term positions, and UNI\u2019s latest pop fits neatly into that template.<\/p>\n
<\/p>\n
Crypto.news\u2019 recent coverage of Uniswap\u2019s price around the dismissal of a four\u2011year scam\u2011token lawsuit, when UNI traded near $2.83 after a 15% weekly rebound, framed the token as pushing toward the upper end of a $3.30\u2013$4.12 band with a strengthening RSI but still stuck below prior breakdown levels. Another crypto.news story from late February, written as UNI traded around $4.02 with an 18% weekly gain, tied that move to a fee\u2011switch expansion proposal that could lift protocol revenue toward $61 million annually and potentially justify a push toward the $4.55\u2013$4.60 zone. Taken together with broader crypto.news reporting on Bitcoin\u2019s recent slide and renewed risk jitters, UNI\u2019s last 12 hours look like textbook mean\u2011reversion in a liquidity\u2011sensitive DeFi token\u2014powered by perp flows and dip\u2011buyers, but still waiting on sustained open interest and fresh governance catalysts before any new macro uptrend can credibly be declared.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Summary Uniswap\u2019s price climbs roughly 4\u20135% over 24 hours as shorts cover into prior selling. Perpetuals volume spikes while open interest only nudges higher, pointing to a flow\u2011driven bounce, not…<\/p>\n","protected":false},"author":1,"featured_media":15698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25311"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25311\/revisions"}],"predecessor-version":[{"id":25312,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25311\/revisions\/25312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15698"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}