Uniswap's Epic Surge: UNI Rockets 17% as Crypto Market Goes Wild!

Holy moly, Uniswap's price just blasted off like a rocket on May 8, soaring a whopping 17% to hit its highest point in two weeks. The decentralized exchange's native token, UNI, is on fire!

With the entire crypto market in beast mode and Bitcoin (BTC) smashing back above $100,000, Uniswap (UNI) shot up past $5.50. This baby was in full-on vertical mode, fueled by a crazy spike in daily volume. We're talking over $214 million traded in the last 24 hours alone - a mind-blowing 70% increase!

Bitcoin's epic rally to $100,000 is like rocket fuel, but hold up - the gurus over at Santiment are waving a warning flag. They're calling it a "double-edged sword," and you know what that means - buckle up, it could get wild!

"Listen up, the FOMO from newbies jumping in because of all the hype in the media could crank this rally up to eleven. But when everyone's screaming 'higher' and 'above,' you know what usually happens? The brakes get slammed," Santiment dropped the truth bomb on X.

UNI's gains are riding the wave of the whole market's bullish vibes, but there's more to the story. The recent Ethereum Pectra upgrade is like a turbo boost for this party!

Pectra is a massive update for Ethereum, the first since Dencun back in March 2024. It's packing a punch with 11 killer improvement proposals that'll make your head spin. We're talking better user experiences, juiced-up staking, and smoother layer 2 integration. It's a game-changer!

And guess what? Unichain is exploding as the go-to spot for the Uniswap crew. The team just dropped the news on May 7 that Pectra's activation means all 7,702 smart wallets on the network are now fully backed on the Uniswap web app. It's a total game-changer!

According to DeFiLlama's numbers, Unichain is straight-up dominating the decentralized exchange scene. We're talking a massive $1.99 billion in volume over the last week, with a +14% weekly change that's leaving Ethereum, Solana, and Base in the dust!

In the last 24 hours alone, Unichain's volume is sitting pretty at over $354 million, making up the lion's share of Uniswap V4's daily action.

But wait, there's more! Unichain's not just growing in user accounts and total transactions - the whole Uniswap platform is flipping the script. We're looking at a total value locked of around $4.27 billion. It's like the crypto world is on fire, and Uniswap is leading the charge!