Uniswap experienced a setback as its native asset UNI faced a decline of approximately 9% on Friday following the decentralized exchange's decision to delay an important protocol upgrade. Originally, the DEX had scheduled an on-chain vote for Friday to push through a proposal introducing a fee mechanism to incentivize UNI token holders who have staked and delegated their tokens. The upgrade's purpose was to ease the burden on Uniswap Governance and preserve the protocol's impartiality. However, a stakeholder highlighted a critical issue necessitating further scrutiny, prompting the Uniswap Foundation to postpone the vote. The Foundation acknowledged the unforeseen nature of the delay and pledged to update the community on any significant developments when more clarity is obtained.
Uniswap's Native Asset UNI Price Dip Due to Delay in Protocol Upgrade
by Giorgi Kostiuk
2 years ago
Other news
Venus Protocol Integrates Tokenized Stocks as Collateral on BNB Chain
Venus Protocol has integrated tokenized stocks as collateral for borrowing on BNB Chain, enhancing DeFi lending with real-world assets.
BTCUSDT Shows Potential for Short-Term Bullish Momentum
Analyst heniitrading presents a positive outlook for BTCUSDT, indicating a potential bullish momentum shift.
Cardano Faces Critical Support Test Amid Fragile Altcoin Momentum
Cardano's ADA is at a crucial support level as bulls attempt to prevent a significant decline towards the 0.13 zone.
Kraken Introduces Onchain Trading for Solana Tokens
Kraken has launched a new feature allowing users to trade nearly 2,500 Solana-based tokens directly within its mobile app, simplifying the trading process and enhancing user experience.
Amazon Considers Selling AI Chips to Compete with Nvidia
Amazon is reportedly in early discussions to sell its Trainium AI chips outside of its AWS cloud services, potentially increasing competition with Nvidia.
Brazil's Crypto Market Sees Significant Growth
Brazil's crypto market received $318 billion in onchain value from July 2024 to June 2025, highlighting its significant growth and central role in Latin America's crypto adoption.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter