Uniswap
Why Uniswap is down 1.2% in the last hour
Analysis
Uniswap (UNI) slipped 1.2% over the past hour as traders reacted to governance discussions about activating protocol fees across all v3 pools and expanding to eight additional chains. The proposal, reported by The Block, can be interpreted as a near-term uncertainty catalyst for UNI as market participants assess how fee activation could affect liquidity providers and protocol economics.
Contributing Factors (1)
Uniswap governance considers activating protocol fees on all v3 pools, expanding to eight additional chains
Uniswap's community is mulling expanding protocol fees to bolster revenue collection across all remaining v3 pools on the Ethereum mainnet.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.