Uniswap
Why Uniswap is down 5.5% today
Analysis
Uniswap (UNI) fell 5.5% over the past 24 hours as the market cooled after the prior rally tied to institutional news. Earlier, UNI surged on reports that BlackRock and Securitize tapped Uniswap to enable direct onchain trading for the BUIDL product, and the subsequent pullback suggests traders were taking profits following that catalyst.
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.