Uniswap (UNI) has gone up by nearly 23% in the past 30 days, outpacing all of the tokens with a higher market cap during this period following the launch of the Robinhood Chain.
Meanwhile, in the past 24 hours alone, the token has jumped by 7% to $3.68, as trading volumes experienced a strong 66% boost.
At $190 million, daily volumes currently account for over 8% of the asset’s circulating market cap, indicating that buying pressure continues to be strong as the token approaches a key resistance area.
On July 1, Robinhood, the popular U.S.-based zero-commission trading platform, launched its very own blockchain to support its tokenized stocks.
Uniswap is the decentralized alternative that users can rely on to buy these stocks on the Robinhood Chain. These assets are available 24/7 and can be bought as any other cryptocurrency by using this popular DEX.
Monthly active users (MAUs) on the Robinhood Chain will soon surpass 1 million, according to data from Token Terminal, while the protocol has processed over $1 billion in trading volumes already on this new blockchain just 20 days after its launch.
In addition, Uniswap processed $15 billion in volumes in the last 7 days, outpacing all other decentralized exchanges in the crypto space. This is an astonishing accomplishment at a point when activity within the DeFi ecosystem remains heavily depressed due to the latest crypto winter.
Looking at on-chain data, Uniswap experienced a strong jump in protocol fees last week. This metric experienced a 42% increase on a week-on-week basis. Meanwhile, at $34 million, these are the highest fees the protocol has collected since October 2025, back when the crypto market experienced a flash crash.
This spike in fees indicates strong usage, and it is highly likely that it is tied to the launch of Uniswap on the Robinhood Chain. Meanwhile, the last time fees sat at these levels, UNI traded between $5 and $11.
Hence, we see this latest increase in fees as a potential driver for a move above the next key resistance in sight for UNI.
Heading to the daily chart, we can easily identify what that key area is. UNI is currently trading quite near its 200-day exponential moving average (EMA) — a relevant technical mark that is widely observed by market participants.
We believe that a break above $4 could put an end to UNI’s bear market and push the token to much higher ground, especially if protocol fees continue to rise.
At an average of $20 to $30 million per week, Uniswap’s annual fees could land somewhere between $1 and $1.5 billion.
With a market cap of $2.3 billion, there is a big chance that the market could revisit the project’s valuation and push to much higher levels to reflect this shift in its fee-generation capacity.
We also see the recent trend line resistance breakout as additional evidence that buying pressure is pushing past Uniswap’s previous ceilings.
With trading volumes standing at high levels, the odds that this token will defy the market’s gravity — similar to what Hyperliquid has done this year — have increased dramatically.
Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.