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Uniswap Fee Switch Proposal Gains Over 99% Support, Token Burn Mechanism Nears Activation

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UNI
$5.94151.91%
Uniswap’s 'UNIfication' proposal has passed a key support level, with over 69 million UNI tokens backing the plan. The fee switch mechanism will channel trading fees into a protocol-controlled pool to burn UNI, shifting the token from governance-only to value-accruing. A one-time burn of 100 million UNI, worth $940 million, is also included. The vote remains open until Dec. 25, with support & resistance levels clearly favoring activation.
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