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A certain DEX's UNI token surged 19% due to governance voting increase
Source: CryptoNewsNet Original Title: Uniswap’s UNI Jumps 19% as governance vote to activate protocol fees opens Original Link: The UNI token of a certain DEX has increased by approximately 19% in the past 24 hours, due to the start of a significant governance proposal on-chain, which will activate protocol fees and introduce a long-discussed UNI burn mechanism.
According to governance data from the DEX, the UNI token began to rise shortly after the voting period started at 03:50 UTC on December 20. A one-day UNI-USD chart on TradingView shows that the largest increase occurred early in the voting window, with the price breaking through the $5.40–$5.50 range and continuing an upward trend throughout the trading day, while trading volume also increased.
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