Uniswap Price Rises for Third Consecutive Day Amid Record Swap Activity

The Uniswap (UNI) price has been rising for three consecutive days, reaching $6.27 and increasing by over 45% in the past week.

This surge can be attributed to a significant increase in trading volume, which jumped from below $400 million to over $1 billion.

Uniswap V3/V4 accounted for more than $1.17 billion of this activity on Robinhood Chain, which saw $1.67 billion in 24-hour DEX volume.

The rising network activity has given the rally a stronger fundamental backdrop, with record swap activity and higher fee generation contributing to the token's growth.

However, a rejection at current resistance levels could increase volatility and risk of correction, making it essential for traders to be cautious.