The governance token of Uniswap, known by the symbol UNI, surged more than 20% in intra-day trading following the announcement of a token-burn proposal by its development DAO. Meanwhile, several smaller tokens such as Canton Network witnessed sharp declines of around 33% amid a stronger US dollar and muted crypto market breadth. Trading volumes for altcoins saw a noticeable uptick. Market participants note that token-burn and protocol-upgrade announcements continue to drive short-term volatility in decentralised finance (DeFi) ecosystems.