Uniswap gains 14% after Robinhood integration

• Uniswap deployed its protocols on Robinhood Chain, helping the UNI token rise 14.2% in 24 hours.
• Daily UNI trading volume increased 81% as the broader cryptocurrency market also moved higher.
• The integration expands Uniswap's infrastructure to support decentralised trading on Robinhood's Layer 2 network.

Uniswap (CRYPTO:UNI) rose 14.2% over 24 hours after the decentralised exchange announced that Uniswap v2, v3, v4 and UniswapX had been deployed on Robinhood Chain, a Layer 2 network developed by Robinhood Crypto.

The announcement came as the broader cryptocurrency market gained about 2.3% over the same period, while UNI's daily trading volume increased by 81%, reflecting stronger market activity following the integration.

The companies said the deployment is intended to support programmatic, automated and artificial intelligence-driven applications, with Uniswap serving as the automated market maker on Robinhood Chain.

Market analysts noted that UNI remains below its former long-term support near US$4.00 after falling to a swing low of about US$2.32 in early June, although recent price momentum has improved and technical indicators suggest short-term buying interest has strengthened.

The latest integration expands Uniswap's presence across blockchain infrastructure, while following the announcement the UNI token was up 14.2% over the previous 24 hours.

Analysts said clusters of leveraged short positions remain concentrated near US$3.52, which could contribute to additional short-covering if prices continue rising, although they also noted that the longer-term market trend remains negative until higher resistance levels are surpassed.

Robinhood has continued expanding its cryptocurrency products and blockchain infrastructure, while Uniswap remains one of the largest decentralised exchange protocols by trading activity and continues adding support across multiple blockchain networks.

At the time of reporting, Uniswap price was $3.20.