Uniswap’s governance proposal to burn 100 million UNI tokens fueled a 70% rally and marked a four-year high in whale transactions.
Whale transactions above $100K and the highest wallet growth since 2022 indicate rising institutional and retail participation in Uniswap.
The proposed fee switch aims to buy and burn UNI using protocol revenue, positioning Uniswap as a DeFi project with real on-chain income.
Uniswap has surged over 70% this week as a bold 100 million UNI token burn and new fee switch proposal drive massive whale activity, renewed retail interest, and optimism across the DeFi community.
Uniswap’s Price Surge and Whale Activity
Uniswap’s price has surged over 70% in the past week, driven by a new proposal to burn 100 million UNI tokens. The initiative aims to redirect protocol revenues toward token burns, signaling a supply reduction mechanism that appeals to both long-term holders and institutional traders.
Data from Santiment shows that whale transactions exceeding $100,000 spiked to a four-year high during the rally.The project witnessed 422 large transactions within just two hours, a pattern previously seen near Uniswap’s February 2021 peak.
This indicates that major holders are repositioning portfolios amid expectations of future value appreciation. The proposal has introduced strong optimism about Uniswap’s tokenomics, with large investors reacting swiftly to governance-driven incentives.
Uniswap's price is +70% over the past week with the project's new fee proposal to burn 100M tokens as part of an initiative to redirect protocol revenues to token burns, and new feature launches to enhance liquidity provider rewards.
A 4-year high in daily whale… pic.twitter.com/XdfJvDmPQ9
— Santiment (@santimentfeed) November 11, 2025
At the same time, the highest number of new UNI wallets in three years—totaling 1,598—suggests growing participation among retail investors.
The combination of whale accumulation and network expansion points toward an active and confident market, even as a brief correction followed the initial price jump.
Technical Setup Shows Continuation Potential
A descending wedge pattern which is often associated with trend continuation is forming.Its technical projections show a potential breakout above $8.80, targeting the $9.60 to $10.00 range before extending toward $11.70.
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This pattern mirrors a potential accumulation by both short-term traders and strategic investors. A volume rise during the breakout phase could validate buying conviction and momentum strength.
Technical patterns and positive governance developments support further upside. However, short-term fluctuations remain likely as traders respond to profit-taking.
Governance Shifts and Return of Fundamentals
Uniswap’s recent governance changes have been praised as a return to DeFi fundamentals. The proposal to activate the long-awaited “fee switch” would allocate a portion of trading fees to buy and burn UNI tokens.
Analysts estimate that the updated structure could generate over $100 million in annual protocol income, strengthening Uniswap’s value proposition as both a trading platform and a yield-generating asset.
Crypto veterans have noted that Uniswap’s long-term chart structure indicates accumulation between $4 and $5, aligning with the recent rebound.
As new governance mechanisms combine with technical resilience, the project is transitioning from a governance token model to a sustainable, revenue-driven framework that could define the next phase of decentralized finance.
