Uniswap (UNI) has booked an impressive 38% gain in the past 7 days, outpacing most of its peers in the top 10 by a long shot, as protocol fees continue to skyrocket.
The launch of Uniswap on the Robinhood Chain has been critical to this latest price uptick. According to the decentralized exchange, 80% of all Robinhood Stock Token volumes are being traded on Uniswap.
This is consistent with on-chain data provided by Token Terminal, which indicates that daily active users (DAUs) on Uniswap within this blockchain continue to surge, currently sitting at 2.5 million.
Uniswap Could Be About to Have Its Second Best Month in History
In terms of fees, the protocol has seen a 296% jump in the past 30 days, collecting nearly $84 million during this period.
Meanwhile, trading volumes for UNI remain quite high at $1.4 billion. This figure accounts for 22% of the asset’s circulating market cap, reflecting the strong buying pressure that this token has experienced lately.
At the time of writing, UNI is the 4th best-performing token of 2026 within the top 20 most valuable cryptocurrencies, with a year-to-date (YTD) return of 66%.
Looking at on-chain data, protocol fees in September are lining up to surpass the second-best month for Uniswap in history — November 2021.
At $154 million, if the current daily average holds up, monthly fees should end above $200 million for the first time since then. Meanwhile, if daily volumes accelerate, this metric could reach a new all-time high if it manages to push past the $250 million mark.
If a bull market is indeed starting for cryptos, we could expect that these monthly figures will expand in the next few weeks. This could potentially push the price of UNI to much higher levels.
UNI Could Either Rally to $12 or Pullback Before Resuming Its Rally
Lately, the token hit $9 for the first time since November 2025, as we recently predicted. The selling pressure seems to have increased at this level, indicating that UNI could soon experience a short-term pullback.
The Relative Strength Index (RSI) in the daily chart has surged to overbought territory for a second time during this rally already. If there are signs that bulls’ willingness to buy at this high level is already weakening, UNI could experience a strong drop in the near term.
Late buyers would benefit from this, as the project’s fundamentals are quite strong. Hence, a technical decline could allow them to enter long positions at more advantageous price points.
We see two scenarios for UNI moving forward. The first one involves a bullish breakout above $9 that catalyzes a massive short squeeze and pushes UNI to $10 – $12 in the next few weeks.
This scenario is still highly likely, as the protocol’s positive momentum on the Robinhood Chain seems to be creating some FOMO.
On the other hand, it is also possible that the token could retreat to the buy zone highlighted in the chart, which currently sits between $5.7 and $7.5. This could be the next landing zone in case of a strong correction.
However, we don’t see the price dipping below $7 if this bull market keeps raging on.
