- Uniswap (UNI) surged 14% as its holder count hit 370,000 and treasury value rose to $5.6 million, signaling strong fundamentals.
- However, falling DEX volumes and continued spot selling raise concerns about whether the rally can be sustained.
Uniswap (UNI) has roared back to life, posting a stunning 14% price surge in the past 24 hours, wiping out recent losses and placing the DeFi token firmly in positive territory. But the big question remains—can this momentum hold, or will persistent liquidity woes drag it down?
Holder Count Hits All-Time High, Treasury Grows Stronger
One of the biggest catalysts behind UNI’s recent surge is the spike in holder count, which has now reached a new milestone—370,000 addresses. This steady growth in adoption signals rising confidence in Uniswap’s ecosystem.
Additionally, Uniswap’s treasury has swelled to $5.6 million, reinforcing its financial health and providing a buffer to support future development. These fundamentals have undoubtedly attracted investor interest and helped fuel the rally.
Also read: Ethereum Staking Hits Record 34.8M ETH as ETF Hype Fuels Price Surge Toward $2,800 Breakout
Falling Spot Volume and Sluggish TVL Tell a Cautious Tale
Despite the price surge and strong on-chain metrics, DEX spot volumes have dipped, signaling reduced enthusiasm in spot trading. With just $1 billion in UNI spot volume, sellers still appear to dominate, keeping downward pressure on price.
Uniswap’s Total Value Locked (TVL) has only slightly increased—from $4.847 billion to $4.883 billion in June. This modest uptick suggests that liquidity inflows remain weak, and many investors may be choosing to hold their assets on centralized exchanges for flexibility.
Spot Market Sells, But Derivatives Traders Bet on More Upside
UNI has faced over $7.9 million in sell-offs across spot markets in the past 48 hours, a clear sign that many are still taking profits or exiting positions. However, the derivatives market tells a different story.
UNI’s funding rate has climbed to 0.0044%, indicating that long traders are not only holding steady but are willing to pay a premium, anticipating continued gains.
Bulls Have Ammo, But Can They Win the Liquidity Battle?
While UNI’s strong fundamentals and bullish derivatives activity offer reasons for optimism, falling DEX volumes and tepid TVL growth raise caution. The ongoing tug-of-war between long traders and spot sellers could decide UNI’s next big move. For now, Uniswap may be rallying—but the battle isn’t over.
