Blur

Uniswap

Token

DeFi

<ul>
 <li>The decision to alter the fee system in favor of UNI token staking is the primary reason.</li>
 <li>Other DeFi protocols have also seen a dramatic increase in trade volumes.</li>
</ul>
On Friday, February 23, <a href="https://thenewscrypto.com/uniswap-v4-launch-update-ignites-uni-bull-rally/" target="_blank" rel="noopener noreferrer nofollow">Uniswap’s</a> native token UNI saw a significant surge in value. The decentralized exchange’s decision to alter the fee system in favor of UNI token staking is the primary reason for the 75% price increase in Uniswap. However, at the time of writing, the price faced a brief correction, mostly due to investors and traders booking huge profits.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2024/02/UNI_7D_graph_coinmarketcap.png" alt="" class="wp-image-92325" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/UNI_7D_graph_coinmarketcap.png 630w, https://thenewscrypto.com/wp-content/uploads/2024/02/UNI_7D_graph_coinmarketcap-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
 <figcaption class="wp-element-caption">
 Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
 </figcaption>
 </figure>
</div>
To encourage more participation and engagement in the governance ecosystem, the proposal proposes a fee-sharing structure that UNI holders may use to stake and delegate their tokens. Focus is moving away from the AI trend and toward the growing decentralized finance (<a href="https://thenewscrypto.com/a-new-era-for-defi-in-bitcoin-the-rise-of-the-brc20-ecosystem-and-btcfi/" target="_blank" rel="noopener noreferrer nofollow">DeFi</a>) industry, according to on-chain data provider <a href="https://santiment.net/" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>.
<h3 class="wp-block-heading" id="h-shifting-focus-towards-defi">Shifting Focus Towards DeFi</h3>
According to Santiment, there have been significant price gains in assets that allow for decentralized crypto lending, borrowing, and exchange, including $UNI, $COMP, $SUSHI, and $AAVE. The Uniswap ecosystem’s central proposition to reward staked and delegated token holders is the cause of this sudden increase in value.
As a result, investors are shifting their focus away from the once-hyped AI industry and toward decentralized financial solutions, as seen by the increasing popularity of DeFi protocols.
Other DeFi protocols have also seen a dramatic increase in trade volumes. For instance, trading volumes for COMP surged 410% to over $175 million, aligning with the rising price. Likewise, trade volumes have increased by an astounding 153% and the price of SushiSwap (SUSHI) has increased by 27%.
Along with the Uniswap fee sharing plan, some crypto industry watchers think that Blur and <a href="https://lido.fi/" target="_blank" rel="noopener noreferrer nofollow">Lido Finance</a> might also follow down the same path. There has been a noticeable capital rotation in the crypto market, as seen by the recent trends showing a boom in decentralized finance (DeFi) assets and a commensurate decrease in the value of AI tokens.
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Uniswap’s UNI Token Faces Brief Correction Post Massive Rally

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