According to @santimentfeed, UNI rose approximately 70% week-over-week, coinciding with a new fee proposal to burn 100M tokens as part of redirecting protocol revenues to token burns and the launch of features aimed at enhancing liquidity provider rewards, based on Santiment’s update. Santiment reports a 4-year high in daily whale transactions that aligned with a local top in UNI’s price, indicating heightened large-holder activity at key levels. Santiment also notes the highest number of new UNI wallets in three years, suggesting elevated retail participation. Santiment states that monitoring daily whale transactions and network growth (new UNI wallets) will likely drive UNI’s price swings through November.

According to @dydxfoundation, the dYdX community has officially approved the distribution of rewards for Season 2 of dYdX Surge following a successful governance vote (source: @dydxfoundation, June 10, 2025). This development confirms that eligible traders and liquidity providers will soon receive their rewards, which is expected to boost trading activity and liquidity on the dYdX platform. The clear timeline for reward distribution increases transparency and could lead to heightened interest in the DYDX token, impacting short-term price volatility and trading volumes as market participants position for potential inflows.