2025-6-11 15:40 |
Uniswap (UNI) has surged past the $8 mark, up more than 13% in the past 24 hours as several altcoins ride a new wave of optimism across the decentralized finance (DeFi) market.
The price of UNI indeed climbed to highs of $8.65 at the time of writing on June 11, 2025, with daily volume up more than 111% to over $1.16 billion.
As noted, this uptick in Uniswap price comes as DeFi tokens, including Jito, Aave, Lido DAO, and Compound, gain traction.
A key catalyst is regulatory sentiment amid the latest comments on the sector from the US Securities and Exchange Commission (SEC) chair Paul Atkins.
SEC chair Atkins’s DeFi comments spark gainsUniswap’s price surge follows remarks by SEC Chair Paul Atkins, who on June 9, 2025, signaled a lighter regulatory touch on DeFi platforms. Atkins’ comments came during the SEC roundtable titled “DeFi and the American Spirit.”
Atkins announced that DeFi platforms will be exempt from certain regulatory restrictions, a move aimed at fostering innovation in blockchain-based systems.
He also commented on the importance of supporting DeFi growth via self-custody innovation.
“The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet,” Atkins noted. “I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities.”
Atkins’ comments continue the SEC’s marked shift from the approach of the agency under previous SEC chair Gary Gensler.
Notably, Gensler’s leadership saw the SEC target platforms like Uniswap for operating as unregistered brokerages.
Is UNI price set for retest of $10?UNI’s price has risen over 23% in the past week, with double-digit gains also seen in the past month.
The same performance is observable with other DeFi tokens, including Rocket Pool, which has increased by 29%. LDO, COMP, and AAVE are also rising.
For Uniswap, gains come after a period of uncertainty, with UNI fluctuating between $5.6 and $7.5.
The breakout has analysts predicting a potential retest of $10 and higher. Crypto analyst Nebraskagooner points to an inverse head and shoulder pattern for Uniswap price.
Nebraskangooner@Nebraskangooner·Follow$UNI Inverse head and shoulders break out on mega volume.
6:01 pm · 10 Jun 2025150ReplyCopy linkRead 26 repliesMarket sentiment and potential regulatory developments could help prices go higher. Notably, a new upside wave for Ethereum could catalyse gains for top DeFi tokens.
However, overall pullback amid profit taking is worth considering.
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