UNI's current price may be severely undervalued! Uniswap is at a crucial turning point in its protocol history, with core developments focused on the "UNIfication" governance proposal and its fundamental transformation of token economics. UNIfication Proposal: The community is holding a final vote on the UNIfication proposal (December 19-25, 2025) to activate the "fee switch." If passed, Uniswap will officially launch the protocol fee distribution mechanism, which has been under discussion for years. Token Burning Mechanism: The proposal plans to directly burn 100 million UNI tokens from the treasury (approximately 10% of the total supply, worth about $800 million). Furthermore, a portion of transaction fees from future V2 and V3 protocols will go into a smart contract called "Token Jar" for buying back and burning UNI, thus creating continuous deflation. Change in Valuation Logic: UNI is transforming from a pure "governance token" into a value-capturing asset with "real returns." This fundamental change directly links the protocol's massive trading volume to the token's value.