Uniswap (UNI) rallied to $3.19, an 18.54% increase in the last 24 hours, while the decentralized exchange announced a partnership with Arc to enhance stablecoin liquidity.
Price Momentum
The token’s ascent marks six straight days of gains after bottoming near $2.33 in early June. Daily trading volume surged to $726.93 million, pushing the market cap close to the $2 billion threshold. Bitcoin’s price remaining above $67,000 helped revive risk appetite among crypto investors.
Arc Partnership
Uniswap disclosed a strategic alliance with Arc, a platform focused on financial applications, stablecoin operations, and AI‑driven services. The deal grants Arc users access to Uniswap’s swap infrastructure, which rests on more than $4.4 trillion of historical trade data and includes full API integration. Confirmation arrived via Uniswap’s verified X profile, where the team highlighted delivery of “deep liquidity on the chain purpose‑built for stablecoins.”
Technical Outlook
On June 16, chart analyst World Of Charts pointed out that UNI is approaching a pivotal technical zone where a long‑standing descending trendline meets a horizontal resistance level. The analyst warned that a decisive breakout or reversal could shape the token’s short‑term trajectory. Investors are therefore monitoring price action closely for any signal of momentum shift.