Uniswap Surges Past $6 Amid Decentralized Exchange Dominance

Uniswap (UNI) has experienced a significant surge in price, reaching $6.27 and marking a 9.12% gain on the session.

This increase can be attributed to strong momentum across both short- and long-term gauges, with UNI standing above its key moving averages.

The asset's dominance on the Robinhood Chain has also contributed to its rally, capturing $1.56 billion in daily decentralized exchange volume and accounting for 76% of the platform's total.

A wave of short liquidations near the $5 level has amplified the recent rally, reinforcing bullish momentum.