Uniswap
Why Uniswap is down 4.5% today
Analysis
Uniswap (UNI) fell 4.5% over the past 24 hours as traders reacted to governance discussions about activating protocol fees on all v3 pools and expanding to eight additional chains. The proposal introduces uncertainty around how fee changes could affect liquidity providers and overall activity, which can weigh on sentiment in the near term.
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.