- Unichain’s TVL surpasses $1B, driven by strong activity in Uniswap pools
- UNI price faces resistance near $6.45 amid broader market pullback
- MACD crossover and RSI at 47 suggest cautious optimism for UNI recovery
Unichain has hit a major milestone, surpassing $1 billion in total value locked (TVL), reflecting its rising presence in decentralized finance. As per CryptoRank data, this achievement underscores growing user confidence and platform activity across a range of DeFi protocols. Notably, $500 million of this value is concentrated in Uniswap liquidity pools, highlighting trading as the most dominant use case.
Additionally, $128 million is currently locked in Euler Finance for lending, while $94.7 million has been bridged using Stargate Finance. This distribution illustrates Unichain’s diverse use across DeFi verticals, including trading, borrowing, and cross-chain interoperability.
Unichain Surpasses $1 Billion in Total Value Locked@unichain just crossed $1B TVL: $500M in @Uniswap liquidity, $128M locked in @eulerfinance lending, and $94.7M bridged via @StargateFinance highlighting diverse activity across trading, lending, and cross-chain bridges, with… pic.twitter.com/v0b7FwfhL8
— CryptoRank.io (@CryptoRank_io) June 5, 2025
UNI Price Struggles Amid Broader Market Volatility
At the time of writing, Uniswap’s native token, UNI, is trading at $6.00 after a daily drop of 4.85%. The price action shows clear signs of a bearish short-term trend.
After briefly touching a recent high of $6.45, UNI reversed course sharply, sliding to $5.85 before a modest bounce back. Despite the recovery, the price remains below its recent peak, signaling hesitation among buyers.
Resistance is forming around $6.30 and $6.45, which were previous turning points. These zones could challenge any upward move.
On the downside, $5.85 marks a strong support level, where demand stepped in during the latest drop. A minor consolidation zone between $5.90 and $5.95 offers secondary support, but not as firmly established.
Indicators Suggest Cautious Optimism
Technical indicators point to mixed signals. The MACD shows a slight bullish crossover with the MACD line moving above the signal line. However, the histogram reflects weak momentum, suggesting buyers are not yet in full control.
The RSI stands at approximately 47.37, hovering near neutral territory. This indicates that UNI is neither overbought nor oversold, but there is a mild bullish inclination.
Moreover, the market cap of Uniswap is down 4.85% to $3.77 billion, reflecting either a market-wide decline or a token-specific pullback. Trading volume over the last 24 hours is $348 million, indicating elevated activity and accompanying volatility.
