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Uniswap Activates Protocol Fee Switch on November 9, UNI Rallies 38%
Uniswap activated its protocol fee switch on November 9, 2025, targeting fraudulent pools on the Base chain. The governance decision affects nearly $208.07 billion in volume, with analysis showing approximately half attributed to fraudulent activity. UNI price surged over 35% within 24 hours following the announcement.