Uniswap Rally Continues: $5.84 and Rising

Uniswap's native token UNI has continued its upward momentum, trading at $5.84 and up over 10% on Tuesday. The decentralized exchange (DEX) has marked four consecutive days of gains, maintaining a robust technical structure.

The DEX dominates real-world assets (RWA) trading volume, with 60% market share last week compared to 40% the previous week. This increase in user engagement and shift towards DEX exchanges for RWA transactions matches growth in the broader RWA sector, which has an active market cap of $31 billion across 217 assets.

Open Interest (OI) in derivatives has risen to 85 million UNI on Tuesday, supporting the bullish outlook as bulls target a breakout above $6.00.