The community warmly embraced the idea in issue, which involved some of the exchange’s earnings being given to UNI token holders.

Community Welcomes Fee Distribution Proposal

Following a fresh income-sharing vote with its community, decentralized crypto exchange Uniswap (UNI) is seeing an explosive price rise. This comes as the digital asset market picks up daily numbers and notes weekly increases. At $2.56 trillion today, the overall market capitalization is jumping 0.5% as bulls try to build after mid-week lows.

Related: Uniswap Prepares for SEC Battle, Reveals Financials

Following expectation of spot ETF approvals, Uniswap pricing experienced an increase, passing the baton from Ethereum (ETH), which saw the greatest gains last week above 22%. At $10.86, UNI trades hands 20% weekly above other crypto currencies, ranked highest by market capitalization. Although daily estimates have slid, this significant increase has stretched the monthly figure past 53%.

Along with additional on-chain expansion following new events, Uniswap’s trading volumes experienced a 19% increase. As distributed finance (DeFi) systems experience rising Assets Under Management (AUM), Uniswap handled $20 billion worth of transactions last week.

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