Uniswap (UNI) Hits Six-Month High Above $4.5 After Surging Nearly 60% in a Month

TradingKey - UNI price skyrocketed 58% in July to hit a new high since February, facing short-term pressure at $5.

On July 31, Uniswap, the leading decentralized exchange ( UNI) extended its rally, with its price surging nearly 10% to break above $4.5 and hit a six-month high. Since July 1, the price of UNI has continued to soar, accumulating a 58% gain in just one month to become one of the best-performing DeFi tokens recently.

The core catalyst for UNI's price increase is Uniswap becoming the core automated market maker (AMM) of Robinhood Chain. On July 1, Robinhood Chain was officially launched, and Uniswap, as the chain's main AMM, captured a large amount of initial trading demand and stablecoin liquidity. In response, Standard Chartered issued a bullish call on UNI on July 2, with its head of digital assets research, Geoffrey Kendrick, claiming that the market is severely underestimating the potential of Robinhood's cooperation with premium DeFi protocols like Uniswap, which spurred a 13% surge in UNI's price that day.

In early July, Uniswap's single-day trading volume on Robinhood Chain briefly surpassed $500 million, and it processed over 58% of the EVM stablecoin trading volume on the associated L2 network, providing strong fundamental value support for UNI. In mid-to-late July, the Uniswap community's proposal regarding Uniswap v4 pools and Robinhood chain transaction fee capture entered the final on-chain voting stage. According to Dune data, fee buybacks from Robinhood Chain exceeded 140,000 UNI.

In addition, regulatory developments and broad market macroeconomic tailwinds also provided momentum for UNI's rise. In July, the Trump administration continued to call for and pressure the U.S. Senate to fast-track the review of the Clarity Act, clarifying the regulatory jurisdictions of the SEC and CFTC over DeFi, which significantly reduced the potential regulatory risks faced by Uniswap Labs. During the same period, Bitcoin ( BTC) price continued to rebound, briefly breaking through the $65,000 mark and triggering capital inflows back into the crypto market.

Currently, the UNI price is entering a heavy resistance zone, with the next key psychological and technical resistance level in the $5.0 to $5.2 range. If it can establish a foothold above $5 on strong volume, it will open up further upside to challenge $6.5, with the potential to rise to $10 by the end of the year. In the event of a short-term profit-taking pullback, the previously breached $4.0 to $4.2 range will turn into a crucial support level.

UNI price chart, source: TradingView