Uniswap’s native token (UNI) is gaining momentum, rising 3.3% in the past 24 hours to trade around $3.38, while weekly and monthly gains stand at 16.4% and 34.1% respectively. The rally is being fueled by a surge in trading activity on the newly launched Robinhood Chain, which has quickly become the second‑largest Uniswap deployment by daily volume, overtaking Base and trailing only Ethereum.
Within its first week, Robinhood Chain recorded roughly $500 million in daily Uniswap trading volume and accumulated over $78 million in total value locked (TVL), supported by a $50 million deposit from Ethena into a Morpho vault. The network launched with Uniswap v2, v3, v4, and UniswapX, processing trades in wrapped Ether, memecoins, and tokenized stocks of companies like Nvidia, Apple, and Alphabet. In total, Uniswap has processed more than $250 million in volume on Robinhood Chain since the integration went live on July 1.
Another major catalyst is the proposed “UNIfication” fee burn program for Uniswap V4. A governance vote began on July 7, with a binding on-chain vote expected during the week of July 13. If approved, part of the V4 protocol fees will be used to buy back and burn UNI tokens, reducing circulating supply. The protocol already burned 186,000 UNI in a single day in June, demonstrating the scale of token removal possible. Institutional adoption is also expanding through integrations with Ondo Finance (over 430 tokenized stocks) and BlackRock’s BUIDL fund via UniswapX.
Technically, UNI has reclaimed the $3.20 support (38.2% Fibonacci level) and is holding above its 10-, 20-, 50-, and 100-day EMAs. The RSI reads 66.35, near overbought but still neutral, while the MACD has turned positive. Immediate resistance lies at $3.44; a breakout could target $3.58, with a best‑case scenario extending to $4.50. A $5,000 investment at current prices could be worth $6,716 if the bullish case materializes, though a broader market downturn could drag UNI back to $2.80, turning the investment into $4,180. Key risks include macro headwinds, a possible failure of the fee burn vote, or slower‑than‑expected Robinhood Chain adoption.
