Uniswap Price Surge: Brevis Grant Fuels Optimism for DeFi Giant

Uniswap is experiencing a resurgence, fueled by a significant funding boost and positive market sentiment. The Uniswap Foundation awarded a $9 million grant to Brevis Labs, aiming to develop a new Router Rebate Program that promises faster and cheaper trading on the innovative Uniswap v4 protocol. This grant has ignited a bullish market response, with UNI price witnessing a notable increase as traders on Binance have heavily increased their long positions. 83.3% of top traders are currently long on UNI, indicating substantial confidence in the future performance of the token.