UNI Surges after voting opens on proposal to turn on protocol fees
The post UNI Surges after voting opens on proposal to turn on protocol fees appeared on BitcoinEthereumNews.com.
Uniswap’s UNI token rallied about 19% over the past 24 hours as on-chain voting began on a major governance proposal that would activate protocol fees and introduce a long-discussed UNI burn mechanism. UNI began climbing shortly after the voting period opened at 03:50 UTC on Dec. 20, according to Uniswap governance data. A one-day UNI-USD chart from TradingView shows the sharpest leg of the rally unfolding during the early hours of the voting window, with the price breaking out from the $5.40–$5.50 range and continuing to trend higher throughout the day, alongside rising trading volume. UNI-USD 24-Hour Chart From TradingView By around 19:30 UTC, UNI was trading near $6.27, up roughly 19% on the day. The move stood out against a relatively muted broader market, with bitcoin consolidating near $88,300 and ether trading slightly lower around $2,976. The overall crypto market capitalization was up about 1% over the same period, underscoring UNI’s relative outperformance. The vote centers on a sweeping governance proposal known as “Unification,” a name that reflects its goal of aligning Uniswap’s economic incentives, governance structure and development efforts under a single framework. If approved, the proposal would implement protocol fees across Uniswap v2 and select v3 pools, routing those fees into a programmatic mechanism that burns UNI tokens. The proposal also includes a retroactive burn of 100 million UNI from the treasury, intended to approximate the amount that might have been burned had protocol fees been active since Uniswap’s early years. Additional components would direct Unichain sequencer fees into the same burn mechanism and introduce new auction-based systems designed to internalize MEV while improving liquidity provider returns. Beyond fee activation, the proposal formalizes closer operational alignment between Uniswap Labs, the Uniswap Foundation and on-chain governance. Under the plan, Labs would focus on protocol development and growth, while…
Filed under: News - @ December 21, 2025 9:27 pm