Uniswap Blasts Past Six-Month High Amidst Slight Crypto Recovery

Uniswap (UNI) reached a six-month high after rallying more than 10% to $4.42, driven by the unveiling of Launches, a new feature in its Web App that aggregates tokens across launchpads using the decentralized exchange as their trading infrastructure.

The feature allows users to access these tokens across different launchpads within a single tab in the app and has so far recorded more than 340K new token launches via Robinhood Chain launchpads, with $3.6 billion in trading volume, according to Uniswap.

On the daily chart, UNI is extending its advance above short- and medium-term trend supports, as indicated by the reclaimed horizontal floor at $4.20 and the stretched momentum that could slow the upside rather than immediately reverse it.