Uniswap $UNI has nearly doubled in less than a week... why?

Its founder @haydenzadams made an extremely bullish proposal to the #Uniswap governance... I have no doubts that it will pass.

What does the proposal bring new 👇

Activation of protocol fees, and the collected funds will be used for burning the $UNI token.

There were fees before, but they went to liquidity providers (0.3%), and now part of this fee should be used to burn $UNI.

Fees on Unichain (Uniswap's own Layer 2) will also be directed towards the burn mechanism.

100M $UNI will be retroactively burned from the treasury, the equivalent of fees that would have been collected if the mechanism had been active since 2020.

Introduction of "Protocol Fee Discount Auctions", an innovative system that improves LP yields and captures MEV directly within the protocol.

"Aggregator Hooks", transforms Uniswap v4 into an on-chain aggregator that collects fees including from external liquidity sources.

Labs will focus exclusively on growing the protocol, forgoing interface, wallet, and API fees, to accelerate global adoption.

The Foundation team is moving to Uniswap Labs, with a growth fund from the treasury for ecosystem expansion.

Unisocks liquidity will be moved to v4 and the LP position will be completely burned.

The price has already risen quite a bit and if the market stays in this range, I don't think it will rise further, but long term, I believe $UNI has plenty of room to grow if all this materializes.

If I’m not mistaken, Uniswap is the first DEX in crypto, it has held up well so far, has the highest volume in its niche, and we will likely see it here for a long time to come.