Uniswap’s UNI token showed mixed signals in early March 2026, with a 1.46% daily decline contrasting a strong weekly gain of 13.61%. Trading volume surged nearly 24% to $297.65 million. Meanwhile, the protocol’s “UNIfication” fee switch has led to approximately $34 million in UNI being burned, with an estimated $27 million more projected, potentially impacting token scarcity and governance value.
The price of Uniswap‘s UNI token fell by 1.46% over 24 hours as of March 3, 2026, indicating short-term market hesitation. However, the token registered a weekly increase of 13.61%, reflecting improved market conditions. Data from CoinMarketCap showed UNI trading at $3.77 with a 24-hour volume of $297.65 million, a 23.99% increase.
On weekly charts, UNI remains in a strong downtrend from a peak in the $11-$12 region, forming lower highs and lows. A relief rally from a $2.80 support level is facing dynamic resistance at the $5.20 level, according to a TradingView analysis. Ichimoku indicators show bearish dominance, with the price below a thick red cloud indicating strong resistance between $6.30 and $7.50.
Approximately $34 million in UNI tokens have been burned since the launch of the protocol’s fee switch, as stated in a recent update. The revenue momentum is sustained, with about $27 million more in UNI burns projected across eight chains. This scaling venture underlines Uniswap‘s cross-chain functionality and adds to long-term token scarcity.
The $34 million UNI burn, coupled with cross-chain revenue expansion, may help establish a sense of scarcity and increase governance value. With weekly gains at 13.61% and trading volume escalating, market participation is increasing, indicating renewed momentum for traders.
