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Uniswap Price Surges as Open Interest Hits 6-Year High Ahead of CME Futures Launch

Guavy AI Editorial Team
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Uniswap's price has surged by 19% to $10.44, making it the second-biggest gainer among top 20 cryptos after Bitcoin Cash. The bullish momentum across the market and upcoming CME futures launch are driving this growth.

The addition of Uniswap to the CME on October 19 will provide institutional access to UNI, allowing funds to trade on a regulated platform. This increased accessibility could improve liquidity for Uniswap.

Uniswap's open interest has reached $1.01 billion, the highest level since September 2020, according to CoinGlass data. The rising OI suggests growing demand from futures traders betting on UNI's future price outlook.

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