Uniswap
Why Uniswap is down 11.3% today
Analysis
Uniswap (UNI) fell 11.3% over the past 24 hours as the earlier rally tied to institutional DeFi adoption cooled, prompting a pullback after gains. The Block reported that BlackRock and Securitize tapped Uniswap for direct onchain BUIDL trading—a headline that previously drove UNI up sharply—so the latest move likely reflects profit-taking and retracement from that news-driven surge.
Contributing Factors (1)
BlackRock, Securitize tap DeFi giant Uniswap for direct onchain BUIDL trading; UNI surges 20%
BlackRock is bringing its tokenized Treasury fund BUIDL to Uniswap through Securitize, marking its first direct DeFi trading integration.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.