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- Uniswap leaders plan to expand the fee switch to eight additional blockchains.
- The move could more than double monthly revenue for UNI tokenholders.
- UNI has outperformed major cryptocurrencies over the past week.
Uniswap has entered a decisive phase after months of weak market sentiment. A new governance push now aims to unlock fresh revenue streams for token holders. The plan focuses on activating the protocol’s fee switch across multiple networks. Voting began this week, and early signs point to strong community interest.
Uniswap tokenholders started voting on proposals that could redirect millions of dollars each month. The plan seeks to activate the fee switch on two versions of the protocol across eight layer 2 blockchains. These networks include Base, Arbitrum, OP Mainnet, World Chain, X Layer, Celo, Soneium, and Zora. Once active, the switch would send at least one-sixth of trading fees to a token jar.
Uniswap Handles Billions in Daily Transactions
Investors can then earn the fees by burning the same amount in UNI tokens. This model ties revenue access to a decrease in supply. It also rewards long-term holders based on the growth in the protocol.
The fee switch has already been active on v2 and the major v3 pools on Ethereum. Since the end of December, the fee switch has earned a total of $3.3 million in fees, according to the data on DefiLlama. The proposal will also activate the fee switch on all the remaining v3 pools on Ethereum.
In 2026, Base overtook Ethereum as Uniswap’s top fee source, with $55 million in fees since January 1 versus Ethereum’s $37 million. The protocol remains active, seeing $1.7 billion in 24-hour transactions and over $69 billion in monthly volume.
Uniswap Remains the Largest Decentralized Exchange
These numbers have ensured Uniswap remains the leading decentralized exchange in the market. The founder, Hayden Adams, has pointed out the achievements of the initial release. Deposits by users have gone up, measured in crypto units, though the amounts fell in dollars as a result of the drop in Ether prices.
The governance drive comes at a time when the token has shown a rare period of price appreciation. Over the last week, the token has gained around 9 percent, as opposed to a drop by both Bitcoin and Ethereum. However, the token has a way to go to reach its prior highs.
The token has fallen 59% since the fee-change plan was proposed last November. Nearly 100 million tokens were burned earlier, covering fees accumulated since launch. The plan also adds new tools for liquidity providers, allows dissolving the Uniswap Foundation, and removes interface fees from Uniswap Labs.
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