UNI Token Surges 4.6% as BlackRock and Bitwise Spark $903M Trading Volume on Uniswap

UNIUSDT saw a notable increase in price over the last 24 hours, rising by 4.60% on Binance to a current value of 3.502 USDT. This upward movement is largely attributed to BlackRock's integration of its BUIDL tokenized U.S. Treasury fund with UniswapX and increased institutional engagement, such as Bitwise's filing for a Spot Uniswap ETF, which has driven market optimism and significant trading activity. The combination of these developments has fueled a surge in trading volume and investor interest, with UNIUSDT experiencing high volatility, a trading range between approximately $3.23 and $4.59, and total 24-hour volumes reaching up to $903.05 million globally. Uniswap maintains a market capitalization of around $2.23 billion to $3.02 billion and a circulating supply of about 634 million UNI, ranking #26 in the cryptocurrency market.