Uniswap jumps 48% in 30 days as Robinhood Chain DEX volumes surge

UNI rose 48% in the 30 days through July 30 to cross above $4, reclaiming its 200-day exponential moving average for the first time in eight months.

"Uniswap has processed $10 billion in cumulative volumes on Robinhood Chain since the DEX launched on the network," DefiLlama data shows, making it the second-largest decentralized application on the chain with 1.6 million monthly active users.

DEX volumes across all chains are set to close July at $52 billion, a 24% monthly increase, while aggregate fees reached $94 million — the highest since October 2025 and a 114% jump from June, DefiLlama data shows. Uniswap alone accounted for $28.1 million in fees over the past 30 days. Trading volumes for UNI rose above the 14-day moving average following the 200-day EMA breakout, with daily volumes reaching $270 million — more than 10% of the token's circulating market cap.

The next test sits at $4.20, a level that has historically acted as a strong supply zone. A clean breakout above that mark could trigger a short squeeze, pushing UNI toward $4.90 and eventually $6.30 — representing a 54% upside from current levels, according to technical analysis.

The rally began after UNI broke a key trend line resistance, with positive momentum accelerating despite a bearish divergence flagged in the Relative Strength Index. The 200-day EMA breakout was confirmed by rising volumes, indicating increased buying pressure.

Robinhood Chain's total value locked has climbed to a record $342 million, making it one of the fastest-growing networks in the industry, DefiLlama data shows. The chain has processed over $12.8 billion in DEX volumes since its launch earlier this month, with Uniswap capturing the largest share.

Hyperliquid, another token benefiting from exchange-related activity, has gained 110% in 2026, and some analysts see a similar trajectory for UNI if positive momentum accelerates. The broader crypto market has shown signs of an early recovery from its bear market, though it still lacks a macro catalyst to push prices past key resistances. Bitcoin has fallen from a 2025 high of $126,300 to around $64,000, dragging the total crypto market capitalization from over $4.2 trillion to about $2 trillion. Uniswap's project-specific catalyst — rising fees from Robinhood Chain activity — could help it outperform the broader market if positive momentum continues.

This article is for informational purposes only and does not constitute investment advice.