Mars Daily | UNI will enable the protocol fee switch and introduce the UNI Burn Mechanism, briefly breaking through 10 USD, rising over 40% in 24 hours.

UNI briefly broke through 10 dollars, rising over 40% in 24 hours.

According to Mars Finance news on November 11, data shows that UNI briefly broke through 10 USD, currently reporting at 9.24 USD, with a rise of over 40% in 24 hours. Previously, the Uniswap team initiated a proposal to enable the protocol fee switch.

Uniswap proposal details: activate the protocol fee switch and introduce a UNI burning mechanism, destroying 100 million UNI from the treasury.

According to Mars Finance, on November 11, Devin Walsh, the Executive Director and Co-founder of the Uniswap Foundation, along with Uniswap Founder Hayden Adams, officially proposed a joint governance proposal aimed at establishing a long-term operational model for the Uniswap ecosystem, allowing protocol usage to drive UNI destruction and enabling Uniswap Labs to focus on protocol development and growth. The proposal mainly includes the following contents: · Activate the Uniswap protocol fee switch and use these fees for UNI destruction; · Include the Unichain sorter fees in the same UNI destruction mechanism; · Establish a protocol fee discount auction to increase liquidity provider (LP) earnings while internalizing the value originally belonging to MEV seekers; · Launch Aggregator Hooks to make Uniswap v4 an on-chain aggregator, collecting fees from external liquidity; · Destroy 100 million UNI from the treasury, representing the approximate amount that should have been destroyed if the fee switch had been activated since the inception of the protocol; · Enable Labs to focus on protocol development and growth, including shutting down interface, wallet, and API fee revenue, and committing to only engaging in projects that align with DUNI interests; · Migrate ecosystem teams from the foundation to Labs, working together towards protocol success, with growth and development funding provided by the treasury; · Migrate governance-held Unisocks liquidity from the mainnet's Uniswap v1 to v4 on Unichain, and burn LP positions, permanently locking the supply curve. Protocol fees: The Uniswap protocol has a built-in “fee switch” that can only be activated through governance voting with UNI. This proposal suggests that governance activate this fee switch and introduce an automated UNI burning mechanism. Fee activation plan: To reduce impact, the proposal suggests a phased activation of protocol fees, starting with the v2 pool on the Ethereum mainnet and the part of the v3 pool accounting for 80%–95% of LP fees, followed by expansion to L2, other L1s, v4, UniswapX, PFDA, and aggregator hooks. Unichain sorter fees: Launched only 9 months ago, Unichain's annualized DEX trading volume has reached approximately $100 billion, with annualized sorter fees of about $7.5 million. This proposal suggests that all Unichain sorter fees (after deducting L1 data costs and 15% allocated to Optimism) be fully included in the UNI burning mechanism. MEV internalization fee mechanism: The design of the protocol fee discount auction (PFDA) aims to enhance LP earnings while creating new fee sources for the protocol through the internalization of MEV (miner extractable value).

Trump: If the Supreme Court rules the tariffs invalid, we will find a way to deal with it.

According to Mars Finance, on November 11, U.S. President Trump stated, “If the Supreme Court rules the tariffs invalid, I will find a way.” ( Jin Ten )

Banmu Xia: Bitcoin may form a platform-type adjustment structure, and there may be two trading opportunities in the future.

According to Mars Finance, on November 11, Chinese crypto analyst Banmuxia stated that “Bitcoin's market since August may be in a range-bound structure, and the current C wave could be a terminal wedge. This range may constitute the entire adjustment's W wave. A high risk-reward shorting opportunity may arise around $108,500 to $110,000. If the subsequent trend makes a new low to about $95,000, it is expected to form a three-segment bottom divergence. Combined with the complete end of the range-bound structure, it may initiate a Y wave rebound, targeting a rise above 0.7 of the height of the W wave, at which point a quality long opportunity may appear. The above are predictions and need to be gradually verified in trading.”

Analysts: A government shutdown in the United States could make further interest rate cuts by the Federal Reserve in December possible.

According to Mars Finance, on November 11, Peter Cardillo of Spartan Capital Securities stated that gold futures rose because the expected end of the U.S. government shutdown would restore the normal release schedule of government data. This could make it possible for the Federal Reserve to further cut interest rates in December. “Once the government reopens, the backlog of macro data that has not been released may indicate that inflation remains stubborn and the labor market is weaker than what the ADP report shows,” he added. “These two factors could prompt the Federal Reserve to cut rates in December, although they have repeatedly issued cautious statements.”

U.S. Treasury Secretary Basent: The Treasury Department releases new guidelines for cryptocurrency exchange-traded products.

According to Mars Finance, as reported by Jinshi, U.S. Treasury Secretary Basant stated that the Treasury Department and the IRS have released new guidelines regarding trading products for cryptocurrency exchanges. The guidelines provide a clear path for holding digital assets.

Monad announces token economic model: will sell 7.5% of tokens at a valuation of $2.5 billion and airdrop 3%.

According to Mars Finance, the public chain project Monad has announced its tokenomics plan, with 7.5% of the total supply to be sold at a fully diluted valuation (FDV) of approximately $2.5 billion, and another 3% allocated for airdrops. The remaining 89.2% of the tokens will be distributed to the ecological fund, team, early investors, and treasury.

Analyst: BitMine's ETH holding cost is approximately $4020, this increase slightly lowers the average price.

According to Mars Finance news, on November 10, on-chain data analyst Yu Jin posted on social media that Bitmine purchased 110,000 ETH (, amounting to approximately 385 million USD ) last week. Its total ETH holdings have reached 3.505 million ETH (, worth approximately 1.242 billion USD ). However, its comprehensive cost for ETH is as high as 4,020 USD, resulting in a significant floating loss of 1.66 billion USD. This increase in holdings is intended to lower the average cost.