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Crypto markets thrive on chaos, and October proved no exception! The dust from the 10/10 liquidations has barely settled, but crypto markets are already moving on, spinning up new narratives and new opportunities to ape.
Whether you’re hunting the next moonshot or dodging the next rug, these five tokens stealing the spotlight will no doubt be worth paying attention during the month ahead. Today, we’re diving into November’s most encaptivating altcoin stories. 👇
Pro tip: view bull/bear analyst ratings for these tokens in the Bankless Token Hub!
🦄 Uniswap
Website | Twitter
30-Day Change: +20%
Ticker: UNI
About:
Uniswap is one of the few DeFi protocols to see its token price increase over the past 30 days.
The UNI token broke free from sector-wide weakness beginning November 4; it would more than double in price during the course of a six-day rally preceding this analysis, which culminated on November 10th with founder Hayden Adams unveiling a governance proposal to turn on protocol fees and align incentives across the Uniswap ecosystem.
Although the Uniswap ecosystem has frequently contemplated the creation of UNI value drivers through governance, no such proposals have passed. Most recently, the Uniswap Foundation’s February 2024 proposal to enable fees was unexpectedly canceled after undisclosed complaints were raised by an unknown “stakeholder.”
Token Catalysts:
- Big Burn: Hayden Adams’ proposal would use Uniswap protocol fees to burn UNI. It would also burn Unichain sequencer fees and symbolically delete 100M UNI from the Uniswap Foundation treasury to represent the protocol fees that could have been burned if fees were turned on at token launch. This substantial reduction in token supply should theoretically have a positive impact on UNI prices.
- Enhanced Functionality: Adams also seeks to improve the Uniswap protocol. His proposal calls for the creation of “Protocol Fee Discount Auctions,” which could internalize MEV to improve LP performance, and the launch of aggregator hooks, which would turn Uniswap V4 into a DEX aggregator.
- Questionable Economics: If adopted in its entirety, Adams’ proposal will merge the independent Uniswap Foundation into Uniswap Labs. The joint venture will receive an annual 20M UNI stipend, a hefty $160M+ expense that critics contend is unlikely to be offset by protocol fees.
Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk
— Hayden Adams 🦄 (@haydenzadams) November 10, 2025
This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem
Uniswap has been my passion and singular focus for… pic.twitter.com/Ee9bKDric5
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