Current Price: Approximately $3.86–$3.98 USD (slight variance across trackers like CoinMarketCap and CoinGecko).
24-Hour Performance: Up +15.75% to +19.2%, with intraday range from a low of ~$3.23 to a high of ~$4.37.
Market Cap: Around $2.45B–$2.53B, ranking UNI in the #32–#36 spot among cryptocurrencies.
24-Hour Trading Volume: Significantly elevated at ~$573M–$587M, reflecting heightened interest and liquidity inflow.
Key Drivers Behind Today's Move:
Major catalyst: BlackRock (the world's largest asset manager with ~$14T AUM) is venturing into DeFi by listing its tokenized BUIDL fund shares on Uniswap via a partnership with Uniswap Labs and Securitize. This enables efficient on-chain trading and liquidity for institutional RWAs.
Reports indicate BlackRock acquiring an undisclosed amount of UNI tokens as part of the integration, directly boosting demand.
Additional positive sentiment from Bitwise's recent filing for a spot Uniswap ETF with the SEC, signaling growing regulated exposure to UNI.
These institutional-DeFi convergence stories have sparked FOMO, leading to a rapid pump (some sources note spikes of 28%+ or even 40% in short bursts tied to the announcements).
Overall Trend: After recent weakness (with UNI dipping to multi-month lows around $3 earlier this month), today's action marks a sharp rebound and positions UNI as a trending gainer. Oversold technicals (e.g., low RSI previously) combined with real adoption news have flipped momentum bullish. However, crypto remains volatile—sustained gains will depend on follow-through volume and broader market sentiment.
