The Uniswap market cap experienced a significant boost over the past 24 hours, climbing to $5.2 billion as the token UNI jumped more than 15%. This strong price rally pushed Uniswap above major competitors like Aave and Pi Network, securing the 28th spot among the top cryptocurrencies by total market capitalization.
At its intraday high, UNI touched $8.63, before slightly correcting to $8.39. The token is now up approximately 80% from its April lows — a performance that signals renewed strength across the DeFi sector.
Strong Price Action Boosts Uniswap Market Cap Rankings
The recent price movement had a direct impact on the Uniswap market cap, enabling it to overtake Aave in the rankings for the first time in months. The surge was accompanied by a 120% increase in trading volume, bringing daily activity to $1.17 billion.
This increase in liquidity and trading activity indicates strong interest from both retail traders and institutional investors. As confidence builds, UNI has re-emerged as a leading DeFi asset by total value.
At the same time, the open interest in UNI derivatives markets jumped 54%, reaching a record $713 million. Analysts interpret this as a sign of growing conviction among leveraged traders betting on continued upside.
Technical Indicators Suggest Bullish Momentum — With Caution
Technically, Uniswap shows signs of a bullish continuation. Bollinger Bands have widened significantly, and UNI has pushed above the upper band, typically a sign of strong momentum.
The 20-day simple moving average (SMA) at $6.54 remains an important support level. Meanwhile, the Relative Strength Index (RSI) is currently at 67.4, just below the overbought threshold, suggesting a possible short-term cooldown after the rally.
Some analysts warn that if UNI fails to maintain support at $7.50, a pullback to $6.60 could occur. Still, the larger market structure remains intact, and sentiment surrounding the Uniswap market cap remains optimistic.
Analysts Forecast UNI to Reach $10 Soon
According to popular crypto analyst Ali Martinez, Uniswap’s current momentum may carry it to the $10 level in the near term. Martinez cited the increase in volume, derivatives interest, and token velocity as signs that UNI’s move is not isolated, but part of a larger shift in DeFi demand.
Martinez also noted that Uniswap market cap gains are attracting attention from long-term investors looking for blue-chip exposure within the decentralized finance ecosystem. With improved fundamentals and renewed interest in DeFi, UNI could continue rising even if broader markets consolidate.
Uniswap Market Cap Recovery Reflects DeFi Sector Revival
The growth in Uniswap market cap is more than a technical milestone — it’s a signal that investor attention is shifting back toward decentralized protocols after months of altcoin stagnation.
As spot volume, open interest, and market cap all trend upward together, UNI is establishing itself once again as a key indicator of sentiment in DeFi. Should this momentum persist, Uniswap may continue outperforming competitors and regain its leadership status among Ethereum-based tokens.
