$UNI Price: Around ~$3.4 USD per UNI token.

Market Trend: The price is significantly below its all-time highs (around $45 in 2021) and has been correcting in the broader crypto market, with short-term bearish pressure. �

CoinStats

Daily volatility and broader crypto sentiment continue to influence trading activity.

2. Major Structural Changes

UNI has undergone one of the most significant shifts in its history through the “UNIfication” governance overhaul:

Protocol Fee Switch Activated: Uniswap’s DAO (governance community) voted to turn on the protocol fee switch. This means a portion of trading fees earned by the decentralized exchange is now directed toward burning UNI tokens, reducing circulating supply over time. �

CoinStats +1

Token Burn: An initial 100 million UNI (roughly ~16% of total supply) was burned from the treasury, creating deflationary pressure and tying token value more closely to actual protocol usage. �

CoinStats

Value-Accrual Mechanism: The fee switch and token burns help turn UNI from a pure governance token into a value-accruing asset, since more active trading on Uniswap increases fee collection and future burns — potentially benefiting holders. �

coira.io

3. Ecosystem and Adoption Signals

Institutional Activity: Some large institutional players (e.g., BlackRock via its BUIDL token) have begun interacting with Uniswap infrastructure, adding credibility and potential volume growth. �

CoinMarketCap

Layer-2 Growth: Uniswap’s own Layer-2 network (Unichain) and Uniswap v4 continue to expand usage, lowering fees and increasing decentralized finance (DeFi) participation, which supports long-term network activity. �

CoinMarketCap

4. Sentiment & Price Drivers

Bullish factors:

Deflationary tokenomics (ongoing burns). �

CoinStats

Fee-switch revenue linkage to token value. �

coira.io

Institutional engagement and new trading products. �