UNI, the Uniswap decentralised exchange's governance token, witnessed a remarkable 50% surge following the Uniswap Foundation's proposal to enrich UNI holders who actively stake and delegate their tokens.

This surge propelled the token's value to a two-year peak of $12.73, accompanied by a dramatic increase in trading volume by 1,200%, reaching $1.33 billion within 24 hours.

With these gains, UNI's market capitalisation swelled to $6.7 billion, positioning it as the 15th largest by market cap according to CoinMarketCap.

This upward trend in UNI's market performance was sparked by the foundation's initiative to refine the protocol’s governance system, indicating a significant positive investor response to the proposed enhancements.