UNI (Uniswap) fell 0.57% in the last 24 hours.

Gate News Bot message, on November 19, according to CoinMarketCap data, as of the time of writing, UNI (Uniswap) is currently priced at 7.21 USD, falling by 0.57% in the last 24 hours, with a high of 8.13 USD and a low of 6.96 USD. The trading volume in the last 24 hours reached 537 million USD. The current market capitalization is approximately 4.543 billion USD, a decrease of about 25.8733 million USD compared to yesterday.

Recent Important News about UNI:

1️⃣ Uniswap fee switch proposal enters a critical phase The proposal to activate the fee switch for Uniswap has entered a 5-day snapshot voting period, followed by a 10-day on-chain voting and execution phase. This proposal aims to activate the protocol fee mechanism and is expected to significantly impact the token economic model of UNI. If approved, this would represent a major transformation for the Uniswap ecosystem and could bring direct benefits to UNI holders.

2️⃣ Uniswap founder has an open attitude towards competition Uniswap founder Hayden Adams stated that he welcomes healthy competition within the industry, believing it helps to drive innovation. He pointed out that while new projects often claim to “replace Uniswap”, the team remains open-minded about it, while being skeptical about the possibility of being completely replaced. This reflects Uniswap's confidence and vigilance in the face of market competition.

3️⃣ Zora injects substantial liquidity into Uniswap The Zora project injected $11 million in liquidity into the ZORA-USDC trading pool of Uniswap v3. This move not only enhances the liquidity depth of Uniswap but also demonstrates the synergy between projects, helping to improve the interoperability and efficiency of the entire DeFi ecosystem.

From a technical perspective, the UNI price has recently experienced significant volatility, having touched a high of 8.13 USD before retreating. On the fundamental side, the upcoming transformation of the protocol's revenue model could bring about a long-term reassessment of value, but in the short term, the market may experience fluctuations due to differences in expectations. Investors should closely monitor the progress of governance proposals and their potential impact on the UNI price.

This message is not intended as investment advice; investors should be aware of market volatility risks.