Browsing: Governance

Uniswap (UNI), the governance token of the decentralized exchange, has witnessed a remarkable surge, climbing by 46% to trade above $17. This surge brings UNI to levels last seen in January 2022. Accompanying UNI’s price rally is a staggering 120% leap in trading volume over the last 24 hours, totaling $1.18 billion. Moreover, UNI’s market capitalization has soared by 44% in the past week to $9.4 billion, positioning it as the 16th-largest cryptocurrency by market capitalization. This surge follows a proposal by the Uniswap Foundation to upgrade the protocol’s governance for fee redistribution, with a focus on increasing community involvement.…

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