Uniswap Slides 3.7%, Leading Crypto-Wide Losses as CoinDesk 20 Index Dips

The cryptocurrency market saw a broad-based decline on Tuesday, as every constituent of the CoinDesk 20 Index fell into the red. Uniswap’s UNI token led the retreat, dropping 3.7% and partially erasing its significant gains from the weekend.

Market-Wide Pullback

The CoinDesk 20 Index, a benchmark for the largest digital assets, was trading at 2,702.73 as of 2:09 p.m., a decline of 0.8% since Monday, according to CoinDesk Indices. The selling pressure was widespread, with none of the 20 assets managing to post gains.

Leading the laggards were Uniswap (UNI) (-3.7%) and Internet Computer (ICP) (-2.0%). In contrast, the day's relative outperformers—assets that fell the least—were Litecoin (LTC) at -0.3% and Cronos (CRO) at -0.4%.

A Reversal for Uniswap Amid Broader Headwinds

Today’s drop in UNI follows a powerful rally. The token surged 19% over the weekend, a move that likely prompted some profit-taking from traders. This price action reflects a persistent theme throughout 2025: a "stark divergence" between structural progress in the crypto ecosystem and stagnant token performance, as noted in a recent CoinDesk Research report.

The sluggish sentiment is compounded by other market pressures. Bitcoin is currently on track for its worst fourth-quarter performance since 2018. Meanwhile, incumbent crypto exchanges are bracing for increased competition as traditional finance giants like JPMorgan enter the spot trading arena.