Uniswap’s UNI token experienced a 14% surge, restoring previous losses. The number of active UNI holders has risen to approximately 370,000, reflecting increased demand for the token.
Despite the price increase, trading volumes on decentralized exchanges have dropped. Only 1 billion USD in trading activity occurred in the last 24 hours, and Total Value Locked shows minimal growth, indicating liquidity concerns.
Total UNI sold reached 7.93 million USD, placing selling pressure on the asset. However, the funding rate for UNI has risen to 0.0044%, indicating that long-position traders remain optimistic about future price movements.
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