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Uniswap TVL hits $3.59 billion, UNI surges strongly to $3.9
Uniswap’s total value locked (TVL) has reached $3.59 billion, setting a new high since February. Uniswap [UNI] has maintained its bullish momentum during this period, with the price rising to more than $3.92 at the time of publication. As on-chain activity strengthens, key liquidity and derivatives indicators are also supporting the potential for assets to rise further. However, liquidity clusters below the current price level may still expose UNI to the risk of downward volatility. Since April 1, Uniswap has generated approximately $4.23 million in quarterly revenue, marking its second-highest quarterly performance in history. If on-chain usage and trading activity continue to increase, Uniswap could record its strongest quarterly revenue performance in Q2. Everyone can keep an eye on the UNI token; Xiao Cai Shen believes that as Big Pie recovers, these quality projects will also perform later on.