Uniswap
Why Uniswap is down 10.4% today
Analysis
Uniswap (UNI) fell 10.4% over the past 24 hours as the market appeared to give back part of the prior rally tied to institutional adoption headlines. Earlier, UNI had surged after reports that BlackRock and Securitize tapped Uniswap for direct onchain trading of the BUIDL fund, and the subsequent drop looks consistent with a pullback following that news-driven spike.
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.