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
XRPL Lending Proposal Opens Door To Institutional Credit
The XRPL community is currently voting on amendments that could enhance institutional credit infrastructure on the XRP Ledger.
TRON Stablecoin Volume Reaches 196T Amid Rising USDT Demand
In Q1 2026, TRON processed a staggering 196 trillion in stablecoin transactions, primarily fueled by the low-fee TRC20 USDT transactions.
Diverging Futures Trends for Solana and Dogecoin
Recent market activity shows a significant divergence in the futures trends of Solana and Dogecoin, with Dogecoin's open interest falling and Solana's rising, indicating different market sentiments.
XRP Shows Positive Onchain Activity Amid Reduced Speculative Leverage
XRP shows a significant increase in daily active addresses alongside a decrease in speculative derivatives leverage, indicating a healthier market environment.
Binance Withdraws MiCA Application from Greece
Binance has withdrawn its MiCA application from Greece after reports indicated it would be denied, seeking approval through another EU member nation.
Binance Faces $200 Million Lawsuit in the UK
Binance and its founder Changpeng Zhao are facing a UK lawsuit seeking nearly $200 million for allegedly offering complex financial instruments without regulatory approval.
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