$UNI is up 17.5% today and 32% over the past week. 620 million USD in 24-hour volume.
Here is the number that matters: $UNI is trading at 3.27 USD. Its all-time high is 44.92 USD. That is 93% below peak.
Uniswap is still the dominant on-chain DEX by volume. It processes billions in swaps weekly across Ethereum and L2s. The protocol generates real fees. The token just hasn't caught up with the fundamentals in a long time.
That gap is what the market is starting to close.
DeFi is moving again , $UNI leading. When the sector rotates, the protocol with the deepest liquidity and the widest adoption tends to move first.
93% below ATH and the protocol has never stopped working.
Follow for the next move before it happens.