Uniswap
Why Uniswap is up 4.6% today
Analysis
Uniswap (UNI) rose 4.6% over the past 24 hours after news that BlackRock and Securitize are tapping Uniswap to enable direct onchain trading of BlackRock’s tokenized BUIDL fund, a development that highlights growing institutional use of Uniswap’s DeFi infrastructure. The Block reported the integration and noted UNI’s earlier surge on the announcement, which likely continued to support bullish sentiment in the token.
Contributing Factors (1)
BlackRock, Securitize tap DeFi giant Uniswap for direct onchain BUIDL trading; UNI surges 20%
BlackRock is bringing its tokenized Treasury fund BUIDL to Uniswap through Securitize, marking its first direct DeFi trading integration.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.