Uniswap Becomes First DEX to Hit $3T — Will UNI Reach $10?

Key Notes

• UNI has surged to $7.26, gaining 3% daily after rebounding from a $4.70 low.
• Uniswap becomes the first decentralized exchange to exceed $3 trillion in lifetime trading volume.
• The platform now supports Ethereum’s EIP-7702 to enable seamless one-click token swaps.

Uniswap

UNI $5.36

24h volatility: 0.6%

Market cap: $3.22 B

Vol. 24h: $165.66 M

, the governance token of the largest decentralized exchange, has gained nearly 50% in just a few days. After dipping to a yearly low of $4.70 on May 8, UNI now trades at around $7.26, up 3% in the past day.

This surge coincides with Uniswap becoming the first DEX to surpass $3 trillion in cumulative trading volume.

According to Dune Analytics, Uniswap currently handles about $3.3 billion in daily trading volume, capturing a 23% share of the decentralized exchange market.

While its total value locked (TVL) stands at $4.97 billion, still significantly below its 2021 high, it reflects renewed confidence in DeFi as a sector.

Meanwhile, Uniswap has announced support for Ethereum’s new EIP-7702 standard, a move designed to streamline the user experience. Founder Hayden Adams confirmed the protocol is rolling out its own EIP-7702-enabled wallet and aiming for “one-click swaps” across the platform.

This upgrade, part of Ethereum’s recent Pectra release, allows smart contract wallets to act like traditional EOAs (externally owned accounts), potentially boosting mainstream usability.

UNI Price Eyes $10 as Momentum Builds

UNI has broken out of a prolonged downtrend, approaching a strong resistance at $7.4. Popular crypto trader “Crypto Dream” pointed out on X that Uniswap’s recent 50% gain could be an early signal of altseason.

He suggested that traders may not get another chance to buy at lower levels. On the daily UNI price chart, the RSI currently sits at 67, suggesting bullish momentum. A sustained move above this level could lead the token to $10, a psychological resistance and previous support from late 2023.

UNI price chart with RSI and Bollinger Bands | Source: TradingView

Meanwhile, Bollinger Bands have widened significantly following the breakout, indicating strong price expansion. The price is holding above the midline of the bands (20-day SMA), typically a bullish sign.

The MACD has flipped into positive territory, with the MACD line clearly crossing above the signal line. However, a brief consolidation near $7 suggests the market may pause before another leg higher.

UNI price chart with MACD | Source: TradingView

It is interesting to note that despite its current rally, UNI is still down over 84% from its all-time high of $45 in May 2021.

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