Uniswap Price Stalls Below $10 Amid Fatally Slow V4 Adoption
The post Uniswap Price Stalls Below $10 Amid Fatally Slow V4 Adoption appeared on BitcoinEthereumNews.com.
Uniswap, a leading decentralized exchange (DEX), has faced significant challenges in recent weeks. Despite its attempts to recover recent losses, the price has remained stalled below $10. Several factors are contributing to this struggle, including the broader market conditions and the tepid response to its V4 upgrade. These concerns are raising doubts about Uniswap’s ability to break free from its current stagnation. Uniswap Fails to Attract Users to V4 The launch of Uniswap’s V4 DEX, which was highly anticipated by the community, has failed to generate the expected level of interest. The adoption rate for V4 has been far slower than prior versions, with V4 currently occupying only 0.01% of Uniswap’s entire volume share. In stark contrast, V3 and V2 gained traction quickly, capturing 40% and 20% of the market share, respectively, within just 12 days of their launches. The lack of enthusiasm surrounding V4’s adoption has led to growing skepticism about the use case for this upgrade. Users have been reluctant to shift from the more established V3, and the overall lack of excitement might be putting downward pressure on the token price. Uniswap V4 Adoption. Source: Messari From a technical perspective, Uniswap’s price action remains subdued, as reflected by the Relative Strength Index (RSI), which is hovering below the neutral mark. While there has been a slight uptick in the RSI, indicating some bullish momentum, it remains below the 50.0 threshold. This suggests that the bullish momentum is weak, and the altcoin may face additional challenges before it can make a meaningful recovery. Until the RSI rises above 50.0 and gains sufficient strength, Uniswap will likely struggle to generate a sustained rally. The broader market cues have also failed to support Uniswap’s recovery, leaving the altcoin trapped below the $10 level. The slow pace of V4 adoption only…
Filed under: News - @ February 19, 2025 12:25 pm