I just checked Uniswap and the movements have been interesting lately. The token is trading around $3.27, but what caught my attention is all the activity behind the governance proposal they are discussing.

The thing is, they want to expand that fee-burning mechanism to more Layer 2 networks like Arbitrum, Base, and Optimism. If it passes, the annualized revenue could grow significantly, so the community is paying close attention to how they vote. That explains the recent surge in volumes and open positions.

Technically, Uniswap has a solid base around $3.20-$3.30. If it manages to stay above $3.40, it could pave the way toward higher zones. But if it falls below the support, it could drop back to lower levels. Everything depends on how this governance vote is resolved in the coming weeks.