UNI Drops 9.3% to $8.04 Amid Broader DeFi Selloff
Uniswap (UNI)
Editor:
Eugene Serbin
cryptotimes.io reported that Uniswap’s UNI token fell 9.3% to $8.04 on October 7, 2026, as a wider crypto decline pressured higher-beta assets. The token traded between $8.01 and $8.93, closing near the bottom of that range while underperforming Bitcoin and Ethereum. UNI’s market capitalization stood at approximately $5.03 billion with a 24-hour volume of $724.6 million and perpetual-futures open interest near $1.25 billion.
This decline coincided with $606.91 million in crypto liquidations, including $540.03 million in long positions, as Bitcoin traded around $84,000. The move was driven by macro positioning and risk reduction rather than specific Uniswap news. Uniswap governance had previously approved the UNIfication proposal in December 2025, which activated protocol fees and a burn mechanism.
A one-time burn of 100 million UNI was executed as a retroactive supply adjustment. Fees accumulated on Ethereum and expanded to other chains are converted into UNI burns, linking activity to supply reduction. DeFiLlama reported Uniswap’s total value locked at roughly $3.988 billion. Circulating supply is 625.1 million UNI out of a 1 billion maximum supply.
How the market reacted
Whalio's own Binance spot order flow for UNI, measured when this story was written up on 7 October 2026. Not the outlet's figures.
Whalio spot data shows UNI trading at $8.56 with a 1-hour buy ratio of 55.1% against a 4-hour ratio of 44.9%. The 24-hour buy ratio sits at 51.3%, indicating a slight shift toward buying in the short term compared to the broader day. Volume delta is positive $395,176 over the last hour, suggesting immediate buying pressure, but turns negative -$1,434,136 over four hours. Over 24 hours, the volume delta is +$1,535,944, showing net buying has outweighed selling recently. Cumulative Volume Delta closed at -$6,388,283, indicating that overall selling pressure has dominated the day despite recent intraday recovery. Spot volume reached $55,614,342 with 183,272 trades, and net buying occurred for 10 of the 24 hours.
The latest daily buy ratio of 45.7% sits at the 13th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for UNI, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.9%, with the latest day showing a marginal increase of 0.4 points. Volume was 1.01 times the average, indicating trading activity remained near normal levels. The coin experienced a 3.7% price decline over eight days, with a total volume delta of +$9,575,322. Net buying occurred on 4 of the 7 days, suggesting mixed sentiment over the longer period. This day represents a slight uptick in buy ratio compared to the weekly average, but volume remains consistent with recent norms.