Uniswap crypto is having a breakout year. The latest data shows that Unichain has just crossed the $10 billion monthly volume mark on the Uniswap protocol, hitting an all-time high in May 2025. This spike in on-chain activity suggests a rapidly growing user base and deepening liquidity, both bullish signals for the UNI crypto token.
In a tweet shared by Uniswap Labs, Unichain volume shows an exponential rise from under $2 billion earlier this year to over $10 billion this May. That’s a 5x surge in just a few months, clearly reflecting Uniswap’s Layer 2 expansion gaining traction.
Moreover, Unichain is not the only growing Uniswap-linked platform. Layer 2s (L2s) as a whole are heating up on Uniswap. According to another chart from Dune, the combined L2 volume on Uniswap has topped $26 billion monthly, led by Arbitrum, Unichain, and Base.
This activity level on L2s signals a key shift in how users trade on Uniswap, moving away from expensive Layer 1 Ethereum swaps to faster, cheaper L2s.
Uniswap Crypto Could Explode Once ETH Leads the Way
Amid positive on-chain data for Uniswap (UNI), technical indicators suggest a potential rally. Crypto analyst CryptoCosta, who has nearly 41k followers on X, believes UNI will likely be one of the next altcoins to rise.
He argues that as Ethereum ($ETH) gains momentum, rising from $1.5K to $2.5K, and as Bitcoin ($BTC) dominance begins to cool off, UNI could be next in line for a major rally.
“Once money starts flowing into ETH and BTC dominance drops, UNI will be one of the next coins to pump,” he said, predicting a potential rise of over 500% from its current range, pushing $UNI well into the $30+ zone.
Uniswap often experiences significant price increases during periods of growth in decentralized finance (DeFi). The long-term price chart shows that the UNI token reached nearly $45 during the last primary bull market. As Ethereum’s leading decentralized exchange (DEX), it tends to follow Ethereum’s trends.
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