Uniswap V4’s hooks and gas optimizations have been well-received by developers, who see them as transformative for DeFi innovation. The ability to customize pools with dynamic fees and integrate with lending protocols has spurred over 150 hook prototypes, signaling strong ecosystem growth. However, market feedback on UNI’s price has been lukewarm, with a brief spike post-launch quickly evaporating due to broader crypto market struggles, including Bitcoin’s stagnation near $104K. At $13.43 shortly before full deployment, UNI showed volatility but no sustained bullish trend. Investors may be waiting for tangible adoption metrics, like increased trading volume (already $12B cumulative on V4), to justify a higher valuation.