Uniswap Burns 100 Million UNI Tokens Worth $596 Million Following Governance Approval

TLDR: Uniswap burned 100 million UNI tokens worth $596 million from treasury at 4:30 AM following proposal. Protocol activated fees on version 2 and select version 3 pools while setting Labs interface fees to zero. UNI price increased 7.66% to $6.39 with trading volume reaching $430 million in the past 24 hours. Future fee sources [...]

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