Uniswap UNI rises past $3.92 as TVL reaches $3.59B, key liquidity risks linger

Uniswap’s UNI continued its upswing, trading above $3.92 at press time as the protocol’s TVL rose to $3.59 billion, its highest level since Feb. 2. Derivatives metrics stayed supportive with the OI-weighted funding rate at 0.0060% over the past 24 hours and trading volume near $459 million, though liquidity pockets below price could still amplify pullbacks toward $3.60 if sentiment turns.