Uniswap's UNIfication fee switch nears approval after surpassing 40M UNI votes

Uniswap's UNIfication governance proposal, which introduces a protocol fee switch and large-scale UNI token burns, has cleared the required 40 million-vote threshold and is expected to activate later this week. The plan includes burning 100 million UNI from the Uniswap Foundation treasury and launching a Protocol Fee Discount Auctions mechanism, while UNI's price has rebounded from a seven-month low to trade at $6.08 alongside a roughly 25% gain since voting began on Dec. 20.