Uniswap (UNI) gained 5.5% over the past 24 hours to trade at $7.38, according to a November 4, 2026 report from COINOTAG. The advance made the token of the largest decentralized exchange (DEX) the standout among large-cap altcoins in a slightly weaker overall market.

UNI currently ranks 20th among cryptocurrency assets by market capitalization. The rally came with no protocol announcement behind it, and the report's headline attributed the move to speculation surrounding a withdrawal halt on Binance, one of the world's largest centralized cryptocurrency exchanges. A withdrawal halt is a temporary pause in an exchange's processing of on-chain withdrawals, an operational event on the centralized-exchange side of the industry rather than a change to any decentralized protocol. The report did not cite an official statement from Binance on the matter, and readers following the story can watch for exchange updates on the status of its withdrawal services. The setup also underscores a structural difference between venue types: centralized exchanges custody user deposits, while decentralized protocols like Uniswap allow users to swap tokens directly from their own wallets, without an intermediary holding the assets.

About Uniswap and UNI

Uniswap is a decentralized trading protocol built on Ethereum that uses an automated market maker (AMM) model, in which users swap tokens against liquidity pools funded by other users rather than trading through a traditional order book. First launched in November 2018, the protocol has grown into one of the most heavily used decentralized exchanges in the industry.

UNI, the protocol's governance token, was introduced in September 2020. Holders can vote on proposals affecting the protocol's development and parameters, and the token is listed both on major centralized exchanges and across decentralized venues.

This content was first published on COINOTAG: https://en.coinotag.com/uniswap-uni-rallies-5-5-binance-withdrawal-halt