UNI defends $3.183 support as Uniswap TVL doubles 100%

Uniswap's Robinhood Chain TVL doubled to $100 million in a month while UNI's derivatives and spot demand stayed bullish despite price weakness.

Uniswap's Robinhood Chain total value locked hit $100 million, up 100% in a month, even as UNI on Ethereum traded near $3.266.

CoinGlass data shows Binance's top traders held 71.2% long positions against 28.8% short positions, a long/short ratio of 2.47, after UNI fell from above $4.40 to the lower $3 area.

Spot activity reinforced the bullish tilt, with the 90-day spot taker cumulative volume delta taker-buy dominant on CryptoQuant, meaning buyers executed more aggressive market orders than sellers across the measured period.

UNI traded near $3.266 after sellers pushed the token under $3.489, but it has held the $3.183 support. A sustained hold could let improving demand retest $3.489 and then $4.000, while a breakdown opens $2.780.

The TVL expansion was not a one-session bump but a sustained monthly increase, with capital inflows accelerating through late June and July before crossing $100 million in August, per Token Terminal data. The growth deepened Uniswap's liquidity base on Robinhood Chain, a network where the protocol's presence was previously thin.

Top traders stay long despite the drawdown

Binance's largest traders kept leaning bullish even as UNI dropped from above $4.40 to the lower $3 area. The 2.47 long/short ratio means bullish positions were more than twice the size of bearish ones at press time, per CoinGlass.

Taker buyers reinforce demand

The 90-day spot taker CVD on CryptoQuant remained taker-buy dominant while UNI saw substantial price weakness in August. That divergence suggests aggressive demand did not disappear alongside the correction, complementing the derivatives exposure from a separate market angle.

UNI's RSI fell to 35.88, closer to oversold than neutral, with its average at 45.50 confirming recent selling weakened the token's price strength. A sustained hold of $3.183 could allow improving demand to challenge $3.489 again; reclaiming that barrier would open a path to $4.000. A breakdown of $3.183 would expose $2.780, limiting the bullish fundamental setup.

The combination of a doubling TVL, taker-buy dominance, and heavily long derivatives exposure gives UNI a supportive backdrop, but the token's immediate structure depends on buyers defending $3.183. If that level holds, the demand signals could translate into a retest of $3.489 and $4.000; if it breaks, the bullish setup loses its anchor.

This article is for informational purposes only and does not constitute investment advice.