Uniswap UNI Price Surges 15% Amid Governance Vote to Activate Fee Switch

The native token of the decentralized exchange Uniswap, UNI, has experienced a significant price increase of 15%. This rally is directly tied to a pivotal governance proposal that is gaining substantial community support. The proposal aims to activate and expand the protocol's "fee switch" mechanism. If passed, this change would enable the distribution of a portion of the trading fees generated on the Uniswap platform to UNI token holders who stake and delegate their tokens. This move is seen as a major step towards enhancing the value accrual for UNI, transforming it from a governance token into a revenue-sharing asset. The growing momentum for the vote reflects strong bullish sentiment within the Uniswap community, anticipating increased utility and demand for UNI.