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Uniswap has recently seen a surge in rise, and the reasons behind it are noteworthy. The Uniswap Foundation (UF) has put forward an important proposal to register the Uniswap DAO as a decentralized unincorporated non-profit association (DUNA) in Wyoming, while also establishing a new entity called DUNI.
The core of this proposal is to address the long-standing issue where UNI token holders only enjoy voting rights without substantial benefits. The DUNA proposal is essentially a decentralized governance framework, similar to a company's articles of association, aimed at reasonably and legally distributing the large daily transaction fee income generated by Uniswap to UNI holders.
According to real-time data from DefiLlama, Uniswap's revenue reached $3.27 million in the past 24 hours, ranking third in the industry. If we conservatively estimate the daily revenue at $3 million, with a protocol revenue rate of 0.3%, and 20% allocated to UNI holders, then over the course of a year, UNI holders could share up to $65,700 in earnings.
It is worth noting that as more and more capital flows into the cryptocurrency market, many companies will invest the ETH they acquire on-chain for further appreciation or trading, which may further increase Uniswap's protocol revenue.
Previously, a proposal regarding whether to support the activation of the fee switch received 70% community support. Therefore, this proposal is likely to receive a positive response from the community. Uniswap will conduct its on-chain initial vote on August 18, and if the proposal passes, the value of the UNI token is likely to undergo a reassessment.
With the recovery of the Ethereum ecosystem and strong demand from institutional investors for Ethereum, this timing may be a good opportunity to bet on the future development of Uniswap.