Uniswap’s UNI token surged as much as 62% from its yearly low after securing a deal with Securitise to bring BlackRock’s tokenised liquidity fund BUIDL onto UniswapX.
The token climbed to $4.57, its highest level since Jan. 29, before easing to $3.70, though it remains 68% below its 2025 peak and well under the August high of $12.30.
The partnership will enable on-chain trading of the BlackRock USD Institutional Digital Liquidity Fund on UniswapX, unlocking additional liquidity options for holders and deepening ties between traditional finance and decentralised finance.
“Enabling BUIDL on UniswapX with BlackRock and Securitise supercharges our mission by creating efficient markets, better liquidity, and faster settlement,”
Said Uniswap Labs founder and CEO, Hayden Adams, adding:
“I’m excited to see what we build together.”
The announcement comes as Uniswap faces intensifying competition from decentralised exchanges including PancakeSwap and Raydium, as well as perpetual-focused platforms such as Hyperliquid, edgeX, Lighter and Aster, and following the announcement the Uniswap token was up at $3.70.
Data from DeFi Llama shows Uniswap processed more than $60 billion in trading volume in January, down from an October peak of $123 billion, while fees dropped to $58 million from $132 million over the same period as rivals such as Hyperliquid recorded $208 billion in monthly volume.
Technical analysis of the daily chart indicates UNI may be forming a break-and-retest pattern near the $4.55 neckline of a head-and-shoulders formation, suggesting the broader downward trend could resume despite the short-term rally.
At the time of reporting, Uniswap price was $3.39.