Uniswap (UNI) Surges 63% After UNIfication Proposal and $842M Token Burn Plan

Uniswap founder Hayden Adams introduced the UNIfication governance proposal, featuring protocol fee implementation, an $842 million token burn, and a buyback mechanism. UNI surged over 63% within one week, reaching $10 before settling near $8.57. The proposal allocates 0.3% of trading volume between liquidity providers (0.25%) and a buyback pool (0.05%), with projected annual buybacks of approximately $450 million.