Why did Uniswap surge?
The Uniswap ecosystem initiated the protocol fee switch and burned UNI, leading to a surge in UNI prices.
On November 10, 2025, the Uniswap ecosystem announced the activation of the protocol fee switch, with fees being directly used to burn UNI tokens.
This move means that the more users trade on Uniswap, the more UNI will be burned, thereby reducing the market circulation.
After the announcement, the price of UNI surged over 40% within 24 hours, briefly breaking the $10 mark.
This mechanism has excited the market, and investors are generally optimistic about the increased scarcity of UNI and its potential for price appreciation.
#UNI $UNI protocol fees are used to burn UNI, which helps to reduce the token supply in the long term and enhance the value support for UNI.
This “UNIfication” governance proposal and protocol upgrade further solidified Uniswap's leading position in the decentralized trading space.
