UNI (Uniswap) rose 3.50% in the last 24 hours.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, UNI (Uniswap) is currently priced at $8.05, having risen by 3.50% in the last 24 hours, with a peak of $10.05 and a low of $6.96. The trading volume in the last 24 hours reached $670 million. The current market capitalization is approximately $5.076 billion, an increase of $172 million compared to yesterday. UNI currently ranks 25th in the market capitalization of Crypto Assets.

Important news about UNI recently:

1️⃣ Uniswap fee switch proposal enters a critical phase The proposal to activate the fee switch for Uniswap is about to enter a 5-day snapshot voting period, followed by a 10-day on-chain voting and execution phase. This proposal aims to activate the protocol fee mechanism, which is expected to significantly impact the token economic model of UNI. If passed, this will be a major transformation for the Uniswap ecosystem, potentially bringing direct benefits to UNI holders.

2️⃣ Large-scale capital flows attract market attention Recently, multiple large UNI transfer transactions have been observed. A transfer of 543,400 UNI (worth approximately $4.0484 million) was made from an anonymous address to Amber Group, and another 8.23 million UNI was transferred to Coinbase Prime. These large-scale fund movements may indicate that institutional investors are reassessing and adjusting their UNI holding strategies.

3️⃣ Volume reaches an all-time high reflecting platform activity Uniswap set a record for the highest monthly trading volume in October 2025, at approximately $116.6 billion. This data not only reflects Uniswap's dominant position in the decentralized exchange market but also indicates that the overall trading demand in the DeFi sector is rising rapidly. The continuously rising volume may lay a good foundation for the upcoming fee distribution mechanism.

From a technical perspective, the price of UNI has experienced significant fluctuations recently, having reached a high of 10.05 dollars before retracting. On the fundamental side, the upcoming changes to the protocol revenue model may bring about a long-term reassessment of value, but in the short term, the market may experience volatility due to expectations discrepancies. Investors should closely monitor the progress of governance proposals and their potential impact on the price of UNI.

This message is not to be taken as investment advice, and investors should be aware of market volatility risks.