This is currently the biggest driver. The new governance proposal enables the activation of the Protocol Fee Switch.


Deflation Mechanism: A portion of the trading fees from Uniswap will be used for buyback & burn of UNI tokens.
Estimated Impact: With the current trading volume, it is estimated that millions of UNI tokens (, approximately 2-7% of the total supply ), can be burned each year, creating a constant organic buying pressure.
2. Whale Accumulation (Major Investor)
On-chain data shows intensive whale activity, with large withdrawals $UNI from exchanges (such as Binance) to private wallets. This usually indicates preparations for long-term holding and reduced selling pressure in the market
$UNI
UNI0,14%
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