Uniswap
Why Uniswap is up 4.1% today
Analysis
Uniswap (UNI) rose 4.1% over the past 24 hours as traders reacted to a governance proposal that would activate protocol fees across all Uniswap v3 pools and expand v3 to eight additional chains. The prospect of turning on protocol fees and broadening deployment can be read as a step toward increased protocol revenue and wider usage, supporting bullish sentiment for UNI.
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.