UNI Token Rises 2.09% as Uniswap Expands on Linea Network and Approves Fee Proposal

Uniswap (UNI) saw a price increase of 2.09% over the past 24 hours, currently trading at 3.168 USDT on Binance, with a 24h open of 3.103 USDT. The positive price movement is primarily attributed to the recent deployment of Uniswap v2, v3, and v4 on the Linea network, expanding its multichain reach and potentially reducing transaction fees, along with the approval of a governance proposal to expand protocol fees to all v3 pools, which has heightened market interest in revenue-sharing developments. Additional support comes from robust trading volume, which reached approximately 103.7 million to 136.6 million USDT across exchanges, and a stable financial foundation as reported by the Uniswap Foundation. Despite mixed short-term sentiment and weak on-chain momentum, long-term optimism remains driven by ongoing protocol upgrades and integrations, with UNI's market capitalization currently near 1.96 billion USDT and a circulating supply of 633 million tokens.