UNI surges 70% as governance upgrade and burn proposal ignite rally
Uniswap's native token UNI has been one of the top performers among the top 100 cryptocurrencies this week, rallying over 70% as markets priced in the DEX's proposed governance upgrades and a high-profile supply burn plan. Traders increased exposure after core contributors outlined changes that would expand governance authority and introduce mechanisms to remove tokens from circulation.
The proposals matter because they could materially tighten UNI's supply and reshape incentives around fee allocation, potentially boosting long-term value if approved. That said, the measures still require on-chain votes and a clear implementation timeline, so analysts caution the surge combines genuine protocol-level shifts with speculative positioning and could see heightened volatility while governance debates continue.