On February 28, it was reported that Uniswap token holders have initiated a new DAO voting round proposing the activation of fee switch mechanisms on eight blockchains. Market expectations suggest this move could bring significant protocol revenue sharing to UNI holders. Boosted by this news, UNI has risen about 9% over the past 7 days, while Bitcoin and Ethereum have fallen 3.5% and 2.4%, respectively.
The proposal involves deploying two versions of the Uniswap protocol on Base, Arbitrum, OP Mainnet, World Chain, X Layer, Celo, Soneium, and Zora. If approved, at least one-sixth of the liquidity fees will go into a “token treasury,” allowing users to receive distribution rewards by burning equivalent UNI tokens, creating a deflationary expectation.
Data shows that since the fee switch was enabled in Ethereum v2 and major v3 pools at the end of December 2025, approximately $3.3 million in revenue has been generated. The new proposal also plans to cover the remaining Ethereum v3 pools, potentially doubling related income. Notably, since 2026, Base has surpassed Ethereum to become the blockchain with the highest Uniswap fee revenue, accumulating $55 million, compared to Ethereum’s approximately $37 million during the same period.
Uniswap founder Hayden Adams stated that the Ethereum mainnet fee mechanism is operating smoothly, with a seamless burn process, and user deposit volumes remain growing despite market fluctuations. This upgrade not only expands the fee switch scope but also involves burning nearly 100 million UNI tokens, optimizing liquidity incentive structures, and gradually adjusting governance and foundation frameworks.
The proposal has already passed the first round of voting, with the final two rounds ending on March 4. For market participants following Uniswap DAO voting progress, UNI price trends, and DeFi protocol revenue models, this governance decision could be a key factor influencing UNI’s medium- to long-term valuation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ChatGPT Predicts the Price of XDC and Uniswap (UNI) by the End of 2026
The crypto market feels uneasy right now. It’s late March 2026, and nothing is moving cleanly. Bitcoin, which was pushing strong earlier this year, has pulled back into the $68,000–$70,000 range. That shift didn’t happen randomly.
The tension in the Middle East changed the mood fast. Once thin
CaptainAltcoin03-23 14:05
Uniswap Crosses $1T in Layer-2 Volume As “Pink Acceleration” Gains Momentum
Uniswap Labs is back with another eye-catching milestone, this time highlighting the scale of activity flowing through layer-2 networks on the Uniswap Protocol. In a post shared by the team, Uniswap said L2 swap volume has crossed the $1 trillion mark, pairing the message with the phrase “Pink
BlockChainReporter03-23 01:04
Hyperliquid Is Worth 10x Uniswap Despite Generating Similar Fees: Here’s Why That’s Interesting
Uniswap and Hyperliquid are generating roughly the same amount in fees. Over the past 180 days, both protocols sit around $400 million in fee revenue according to Token Terminal data. That is where the similarity ends. Hyperliquid’s fully diluted market cap is around $38 to $40 billion. Uniswap is c
BlockChainReporter03-22 09:05
