Uniswap's Unstoppable Rise: A Bullish Trend and Game-Changing Upgrades
Uniswap's Current Price: Trading at $7.03, Totals Daily Trading Volume at $3.3 Billion
Wanna know what's popping in the crypto world? Uniswap, famed decentralized exchange (DEX), is heatin' things up while smashin' records! Here's the lowdown:
- Current Moon Phase: Uniswap's token is cruisin' at $7.03, climb a robust 6% in 24 hours and soar 38.6% in a week!
- First to the Trillion Club: Uniswap became the damn first DEX to rake in $3 trillion in all-time trading volume on May 12, 2025. Impressive, huh?
- Bullish Vibes Persist: Tech indicators wink that the bullish trend's got some grit despite some sellin' pressure at $7.5.
- Still Fallin' Short: UNI remains almost 84% below its 2021 peak price of $45 — can't catch a break!
- 7702 Wallet Comin': Uniswap founder Hayden Adams dropped the bomb that they're cookin' up a new 7702 wallet with one-click swappin' on the menu!
Crypto fans, gather 'round! Uniswap, the leadin' DEX, is igniting the decentralized finance (DeFi) scene while makin' headlines. The token's currently priced at $7.03, climbin' 6% in the last 24 hours and landin' a massive 38.6% surge in the past week.
On May 12, 2025, Uniswap founder Hayden Adams spilled the beans about the platform achievin' the unthinkable — $3 trillion in all-time trading volume! This historic feat was proudly displayed on a Dune Analytics dashboard.
The exchange is currently rockin' around $3.3 billion in daily volume according to Dune, while DeFiLlama reports a snappin' $3 billion over the past 24 hours.
The DeFi market ain't no pushover, but Uniswap, with a 23% market share, maintains its lion's share. PancakeSwap, its closest competitor, holds a 21% market share with $2.7 billion in daily volume.
Uniswap's total value locked (TVL) is tickin' in at just under $5 billion. However, this figure reps only about half of its 2021 all-time high, echoin' broader trends in the DeFi market.
Technical Analysis Reveals Tendencies
The UNI price chart shines a bright light on a robust bullish trend, with the token skippin' sideways action in a low-voltage zone before breakin' out.
The token's been formin' higher highs and higher lows, a swell sign of a solid uptrend. Large green candlesticks show strong buy pressure and market gusto.
But upon reachin' the $7.5 level, some sellin' pressure emerged, causin' a pullback. Tech analysts reckon that as long as the price stays above the $6.5-$7.0 range, the uptrend'll keep on truckin'.
The rally aligned with widened Bollinger Bands, signifyin' boosted volatility. The price grazed the upper band at around $7.62, often considered an overbought signal.
The Relative Strength Index (RSI) dipped from an overbought readin' of 78.58 to 68.67, hintin' the rally's momentum may be wanein'.
Market Position and Future Developments
Despite Uniswap's platform's success, the UNI token still lags far behind its peak price of $45 in May 2021, with a disappointin' 3.4% loss for the day as of this writin'.
Adams dropped another bomb, announcements of plans for Uniswap to launch its own 7702 wallet while supportin' other compatible 7702 wallets too.
This wallet initiative follows the recent Ethereum network upgrade known as Pectra, which activated the EIP-7702 standard on May 7. The proposal improves Ethereum accounts to better weather threats from quantum computing.
The wallet launch is just around the corner, exploitin' the EIP-7702 upgrade to enhance security and transaction efficiencies while safeguardin' accounts against quantum attacks. By supportin' wallet abstraction through the 7702 standard, users can leverage their existing Ethereum addresses with new smart wallet functions without requirin' new on-chain addresses.
Uniswap's current market capitalization clocks in at $4.42 billion, demonstratin' its towering status as a major player in the crypto ecosystem.
Trust Wallet's already launched a smart account-compatible upgrade, and Uniswap is expected to follow suit with its own implementation.
Enrichment Protocols
Uniswap's 7702 wallet is nudgin' its way out of the nest, alignin' with Ethereum’s latest upgrade, focused on effortless one-click token swappin' and smoothenin' DeFi user experience across the ecosystem.
The launch is imminent, leveragin' the EIP-7702 upgrade to bolster security and transaction efficiencies while strategically protectin' accounts against quantum attacks. By supportin' wallet abstraction through the 7702 standard, users can utilize their existing Ethereum addresses with new smart wallet functions without needin' new on-chain addresses, streamlinin' the transition.
Cryptocurrency enthusiasts, get ready for an exciting future with Uniswap, the leading decentralized exchange (DEX), as it continues to make waves in the decentralized finance (DeFi) scene. Uniswap's current cryptocurrency, UNI, is at a price of $7.03, experiencing a 6% increase in the last 24 hours and a significant 38.6% surge in the past week. With Uniswap's increasing popularity and technological advancements, such as the upcoming 7702 wallet, the future of this Ethereum-based cryptocurrency looks promising.
