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Charles Thuo

Uniswap's UNI declines as vote on v3 protocol fee expansion and token burns advances

Uniswap's UNI token is sliding in price even as the community votes on expanding protocol fees to all remaining v3 pools on Ethereum and eight additional networks. The proposal would route collected fees to chain-specific TokenJar contracts, bridge them back to Ethereum, and burn UNI, while current market action shows key support near $3.38 and resistance around $4.24.