Uniswap Passes 'UNIfication' Fee Switch Proposal
first published 2025-12-26T11:01:18Z
Governance passed the UNIfication proposal with overwhelming support (125M+ for, 742 against), enabling protocol fees on Uniswap, routing a portion of fees to an on‑chain burn mechanism, and retroactively burning 100 million UNI from the treasury (≈$590M). Uniswap averages ~$2B daily volume and an annualized ~$600M in fees; the change converts UNI from a governance‑only token into a value‑accruing asset. UNI price rose ~2.5% to $5.92 after the vote.
AI Analysis
Vote passed overwhelmingly (125M+ for, 742 against); the proposal enables protocol fees, routes part of fees to an on‑chain burn, and retroactively burned 100M UNI (~$590M). Uniswap’s ~$2B daily volume and ~$600M annualized fees make the token accrual mechanism concrete; UNI’s price rose ~2.5% after the vote.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant