UNI breaks through $6.2, and the "proposal to activate transaction fees" is expected to be passed.
AI Summary1 min read
TL;DR
UNI token price surged past $6.20, up 17.2% in 24 hours, as a governance vote to enable fee switches and burn 100 million tokens nears approval, with voting ending December 26th.
Tags
UniswapYield FarmingDeFiDecentralized Exchange (DEX) TokenUNIgovernance votefee switchtoken burn
According to Mars Finance, on December 21st, UNI broke through $6.20, currently trading at $6.213, a 24-hour increase of 17.2%. According to the official website, the final governance vote on Uniswap's "Proposal to Enable Fee Switch" officially began yesterday, with nearly 100% support. Voting will end at 2:17 AM Beijing time on December 26th. If this round passes, after a two-day period: 100 million UNI tokens will be burned, and the v2 and v3 fee switches will be switched on the mainnet, beginning the burning of UNI tokens and Unichain fees.