As of press time, Uniswap (UNI) is trading at $11.428 at 19.99% up.

The Uniswap (UNI) Price Rally

The main reason behind this uniswap price rally has been that the decentralized exchange (DEX) has taken a strong stand in its legal battle with the US Securities and Exchange Commission.

Popular decentralized exchange (DEX) Uniswap has vowed to challenge the US Securities and Exchange Commission (SEC) after receiving a well notice from the agency, asserting that the SEC’s case is “weak”.

On the other hand, current developments within the Ethereum ecosystem have also contributed to this price increase. On-chain data shows a massive whale retreat from crypto exchanges following news of the spot Ethereum ETF.