CoinWorld news, on August 12, according to HTX market data, influenced by positive news related to the fee switch, UNI briefly rose over 8%, currently quoted at 11.8 USD. CoinWorld previously reported that the Uniswap Foundation recently proposed to establish a new legal entity named 'DUNI' for its governance organization under the 'Decentralized Non-Corporate Non-Profit Association' (DUNA) legal framework in Wyoming. The Uniswap Foundation pointed out in the announcement that adopting the DUNA framework will pave the way for opening protocol fees, at which point a portion of liquidity provider fees will be transferred to the DAO treasury.