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Uniswap Fee Switch Proposal Gains 95.79% Support, UNI Rises 17.8% in 24 Hours

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UNI
$6.2005-1.23%
Uniswap’s 'Enable Fee Switch Proposal' has passed with 95.79% support in the final governance vote, which ends on December 26 at 2:17. The proposal includes burning 100 million UNI tokens and activating v2 and v3 fee switches on the mainnet. UNI is currently at $6.25, up 17.8% in 24 hours. The strong support level for the proposal reflects confidence in the project’s direction. Traders are closely watching the support & resistance levels as the market reacts to the development.
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