UNI surpasses $6.2, "Fee Switch Activation Proposal" expected to pass

BlockBeats News, December 21, according to market data from a certain exchange, UNI has broken through $6.2 and is now quoted at $6.213, with a 24-hour increase of 17.2%.

According to information on the official page, Uniswap's "Fee Switch Activation Proposal" final governance vote officially began yesterday, with current support rate close to 100%. The voting will end at 2:11 AM on December 26 (UTC+8). If this round passes, after a 2-day timelock: 100 millions UNI will be burned, and the fee switches for v2 and v3 will be toggled on mainnet, initiating the burning of UNI tokens as well as Unichain fees.