Uniswap Price Surges 11.3% on Robinhood Chain Activity

Uniswap (UNI) price surged by 11.3% on Wednesday, fueled by a surge in decentralized exchange activity on Robinhood Chain and record transaction volumes.

The advance is supported by Uniswap holding well above its 20-, 50-, and 200-day moving averages, reinforcing positive momentum across all time frames.

In the past six weeks, Uniswap processed over $1.5 billion in decentralized exchange volume on Robinhood Chain, capturing more than 60% of weekly real-world asset DEX trading.

The UNI token activity increased after a technical event triggered short liquidations near $5, supported by higher trading fees and token burns pushing market capitalization to $3.55 billion with over 622 million tokens circulating.