Uniswap UNI Price Increased by 19%, Voting Has Started

Uniswap platform's governance token UNI has gained attention after a 19% increase in value over the last 24 hours. This surge was triggered by the initiation of an on-chain voting process aimed at activating Uniswap protocol fees and burning tokens.

The Unification proposal facilitates collaboration among Uniswap Labs, Uniswap Foundation, and governance bodies around a common fee and incentive structure. Early voting results indicate that the proposal has garnered broad support. This development has also occurred alongside modest gains in the cryptocurrency markets.