Uniswap has started heating up again, and this time, it’s not just hype. The Uniswap Foundation just awarded a $9 million grant to Brevis Labs to power a new Router Rebate Program, designed to make trading on Uniswap v4 faster and cheaper. That’s a big deal in DeFi, and the market clearly noticed.
As soon as the news dropped, The UNI price picked up, and top Binance traders started going heavy on long positions. It looks like confidence in UNI is building fast, and the charts are starting to agree.
The $9M Boost That Could Change the Game for UNI
According to Bitcoin Daily, this $9 million Brevis grant isn’t just another development update. It’s aimed at reducing gas fees and improving efficiency for hooked pools on Uniswap v4, basically, cutting the cost of using DeFi for everyday traders.
That’s one of the biggest friction points in decentralized trading. If this initiative works as planned, it could attract new liquidity, boost trading activity, and bring back the excitement Uniswap had in its early days. No wonder sentiment around UNI has started turning bullish again.
Binance Traders Are Leaning Hard Into UNI
Data shared by CW8900 shows that top Binance traders are 83.3% long on UNI right now. That’s a massive tilt toward bullish positioning, and it’s been climbing steadily all week.
Both the long/short ratio by account and by position size have been trending upward, meaning the big players aren’t just holding longs, they’re adding to them. When that kind of trader confidence lines up with good fundamentals, it often acts as rocket fuel for the next move up.
Technicals Hint at a Breakout for Uniswap Price Around the Corner
On the weekly chart, UNI price is still trading near $6.18, just under a long-term descending trendline that’s been keeping it in check since early 2024. But that might be about to change.
There’s now a solid support base forming between $5.00 and $5.50, where buyers have been stepping in repeatedly. The chart resembles the beginning stages of a breakout pattern, with nice clean bounces off support, and then some constricting price action just below resistance.
If the UNI price is able to finally break out over the $7.00-$7.50 zone, the next obvious target is at about $10, where the next significant resistance lies. Beyond that, the chart leaves room for a move to $12-$14 if volume increases and sentiment remains positive.
Uniswap Bullish Momentum Might Just Be Starting
Between the Brevis funding news, strong technical structure, and bullish trader positioning, Uniswap is starting to look like one of those coins that could surprise people in the next few months.
If the Router Rebate Program actually improves efficiency and user experience on Uniswap v4, it could be the catalyst that reignites real adoption and the kind of price momentum that comes with it.
With Binance’s top traders already 83% long and the UNI chart setting up for a breakout, the token might be quietly preparing for its next big rally.