Uniswap has proposed an annual allocation of 20 million UNI tokens starting in 2026 to support ecosystem development, sparking debate over potential token dilution. The proposal has received preliminary approval, but critics argue that the lack of clear spending criteria could negatively impact UNI's value. Despite a 50% price increase on November 10, UNI remains below its 2021 peak, currently trading above $7. The total value locked in DeFi remains stable at $122 billion, consistent with levels seen in January. The proposal's impact on UNI's market dynamics continues to be a point of contention among stakeholders.