DeFi

Uniswap Foundation Awarded The First Wave Of Grants

After being established in September, Uniswap Foundation organized the first wave of grants to support the development of projects in the ecosystem.

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On its Twitter page, Uniswap Foundation posted a tweet introducing the organization’s first grant.

In this announcement, there are 14 grants awarded, with a total value of $1.8 million. These grants help support the development of projects, and community development and ultimately support the future governance of Uniswap.

In particular, the Uniswap Foundation highlights a remarkable project from GFX Labs called Uniswap Diamond. The project said it will support Uniswap’s expansion of influence and help users who are used to traditional transactions on CEX have a better experience with its products.

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The details of this product are still not provided too clearly. However, this is considered the first signal from Uniswap to expand its market share not only with the on-chain DEX trading segment but also in the entire cryptocurrency market.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.