coin-img-ETHETH-6.02%coin-img-BTCBTC-3.31%coin-img-ROBOROBO+115.50%coin-img-SOLSOL-6.93%coin-img-XRPXRP-3.90%coin-img-USDCUSDC+0.02%coin-img-XAUTXAUT+2.05%coin-img-DOGEDOGE-5.56%coin-img-ETHETH-6.02%coin-img-BTCBTC-3.31%coin-img-ROBOROBO+115.50%coin-img-SOLSOL-6.93%coin-img-XRPXRP-3.90%coin-img-USDCUSDC+0.02%coin-img-XAUTXAUT+2.05%coin-img-DOGEDOGE-5.56%coin-img-ETHETH-6.02%coin-img-BTCBTC-3.31%coin-img-ROBOROBO+115.50%coin-img-SOLSOL-6.93%coin-img-XRPXRP-3.90%coin-img-USDCUSDC+0.02%coin-img-XAUTXAUT+2.05%coin-img-DOGEDOGE-5.56%coin-img-ETHETH-6.02%coin-img-BTCBTC-3.31%coin-img-ROBOROBO+115.50%coin-img-SOLSOL-6.93%coin-img-XRPXRP-3.90%coin-img-USDCUSDC+0.02%coin-img-XAUTXAUT+2.05%coin-img-DOGEDOGE-5.56%

Uniswap Governance Vote Seeks to Extend Fee Switch to Eight L2 Chains and Burn UNI Rewards

Uniswap token holders began voting Thursday on a proposal to activate the protocol's fee switch across eight Layer 2 networks, including Base, Arbitrum, and OP Mainnet, for two protocol versions, ChainCatcher reports. After activation, at least one-sixth of fees earned by liquidity providers on these chains would be redirected into the token pool for investors to claim, with an equivalent amount of UNI to be burned. The fee switch has been active on Ethereum mainnet's v2 and certain v3 liquidity pools since December 2024, generating $3.3 million in revenue, while Base has become Uniswap's largest fee-generating chain since early 2025 with $55 million in fees, surpassing Ethereum. UNI has gained 9% over the past seven days on the proposal news, outperforming Bitcoin and Ethereum, which fell in the same period, and voting is scheduled to end on March 4.
Selected
UNI
UNI-5.15%
OP
OP-2.63%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.