UNI Price Jumps 10% As Uniswap’s Fee Switch Plan Moves Forward With $165.5 Million Funding

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UNI Price Jumps 10% As Uniswap’s Fee Switch Plan Moves Forward With $165.5 Million Funding - CoinGape

Quick Summary:

Uniswap’s governance decision to approve $165.5 million in funding has sparked a surge in UNI token price, which has jumped by over 10% in the last 24 hours.

The live price of UNI now stands at $7.01, with a trading volume of approximately $292 million.

The launch of Unichain, built on the Optimism tech stack, further enhances Uniswap’s scalability by providing a Layer 2 network that can support more transactions at lower fees.