Uniswap Price Struggles Amid Regulatory Uncertainty

Uniswap's price has been struggling to recover after falling over 20% in the past week. The asset currently trades at $3.248, below key moving averages and with momentum indicators in oversold territory.

The uncertainty surrounding DeFi rules and new fee mechanisms has kept sellers firmly in control, as the market braces for further regulatory developments and continued volatility.

Despite robust on-chain activity and Uniswap's leading role in liquidity and fee generation on Robinhood Chain, the annualized UNI burn rate has reached $90 million, representing up to 4.1% of supply depending on network activity.