UNI went on a 50%+ run after a proposal from the Uniswap Foundation suggested “rewarding UNI holders who have staked and delegated their tokens.”
UNI, the governance token of the Uniswap decentralized exchange, has gained more than 50% over the last 24 hours to reach a two-year high of $12.73.
UNI’s trading volume has made a 1,200% leap on the day to rest at $1.33 billion. With a market capitalization of $6.7 billion, UNI has claimed the 15th position on the CoinMarketCap ranking.
This performance comes after a proposal by the Uniswap Foundation to upgrade the protocol’s governance system.
