
According to Uniswap governance, activating protocol fee sharing across eight chains could significantly enhance UNI holder rewards, with voting ending March 4 amid rising revenue and market optimism.
The Uniswap community has opened final voting to enable the protocol fee switch on eight blockchains, redirecting at least one-sixth of trading fees to a token jar. Revenue will be distributed to UNI holders through burning an equivalent amount of UNI tokens. Ethereum v2 and some v3 pools have already generated about $3.3 million since late 2023 under this system. Extending the mechanism across all targeted chains is expected to further boost revenue potential. Voting concludes on March 4.