UNI Defies Market Stagnation With 10% Weekly Rally—Here’s Why Traders Are Flocking to DeFi
While Bitcoin treads water in a tight consolidation range, Uniswap’s governance token just pulled off a double-digit breakout. The 10% surge signals growing confidence in decentralized exchanges—or maybe just another case of ’altcoin FOMO’ as whales rotate profits from stagnant blue-chips.
Behind the numbers: UNI’s rally coincides with record-breaking DEX volumes, proving once again that traders would rather gamble on unregulated pools than pay Wall Street’s vig. The irony? This ’decentralized’ pump still hinges on Bitcoin’s sideways action giving alts room to breathe.
One cynical take: Nothing boosts DeFi adoption like a boring crypto market—when there’s no easy money in spot trading, even the most ideologically pure degens suddenly remember what yield farming is.