Due to favorable news related to fee switch, UNI experienced a brief surge of over 8%.

BlockBeats News, August 12th, according to HTX market data, influenced by the positive news related to fee switching, UNI surged over 8% in a short period, now trading at $11.8.

BlockBeats previously reported that the Uniswap Foundation recently proposed to establish a new legal entity named "DUNI" for its governance organization under the "Decentralized Autonomous Non-Profit Association" (DUNA) legal framework in Wyoming. The Uniswap Foundation stated in the announcement that adopting the DUNA framework will pave the way for protocol fees, at which point some of the liquidity provider fees will be transferred to the DAO treasury.