Uniswap Governance Token Jumps Amid BUIDL Integration and ETF Filing

Unisaw's governance token saw significant price jumps after the decentralized exchange announced an integration with BUIDL, BlackRock's tokenized money market fund. The partnership enables professional traders to bid for users' best possible prices through UniswapX, a protocol that functions as a marketplace.

This move aims to 'bridge the gap between traditional finance and DeFi', according to Unisaw. The integration allows BUIDL to trade on-chain similar to other tokens, with some degree of added security. Crypto market makers including Wintermute and Flowdesk compete through a process known as RFQ, or Request For Quote.

Unisaw also announced that BlackRock had made a strategic investment within the Uniswap ecosystem, although the scope of this investment was not specified.