Uniswap (UNI), the governance token of the leading decentralized exchange protocol, has exploded 21.9% in the past 24 hours, trading at $4.07 as of February 26, 2026, according to live market data.
The dramatic price surge has pushed UNI’s market capitalization to $2.58 billion, representing a single-day increase of $462 million. The token currently ranks #37 by market cap across all cryptocurrencies.
Trading Volume Spikes to $582 Million
Trading activity for UNI has intensified significantly, with 24-hour volume reaching $582.4 million. The token hit an intraday high of $4.25 before settling at current levels, marking a substantial recovery from the 24-hour low of $3.34.
The 21.9% daily gain represents UNI’s strongest single-day performance in recent months, with the token also posting a 19.6% gain over the past seven days. Short-term momentum remains strong, with the token up 0.71% in the past hour alone.
Market Context and Performance Metrics
Despite the impressive rally, UNI remains significantly below its all-time high of $44.92 reached on May 3, 2021, currently trading 90.95% below that peak. However, the token has gained nearly 295% from its all-time low of $1.03 recorded in September 2020.
The fully diluted valuation now stands at $3.66 billion, with approximately 633.6 million UNI tokens in circulation out of a maximum supply of 1 billion tokens. This represents roughly 63% of the total token supply currently available in the market.
Monthly Performance Shows Volatility
While the daily and weekly charts show strong bullish momentum, UNI’s 30-day performance reveals a decline of 13.6%, suggesting recent volatility in the decentralized finance (DeFi) sector. The current rally may indicate renewed investor interest in decentralized exchange protocols.
Uniswap remains the dominant automated market maker (AMM) in the DeFi ecosystem, facilitating billions in daily trading volume across Ethereum and multiple Layer 2 networks. The protocol’s governance token grants holders voting rights on protocol upgrades and fee structures.
Market analysts will be watching closely to see if UNI can maintain momentum above the $4 psychological support level, with the $4.25 intraday high potentially serving as near-term resistance.
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About the Author: Ananya Melhotra
