$UNI climbed roughly 15% over the past 24 hours, outperforming bitcoin’s 4.7% assemble and ether’s 8.5% upward push, as investors reacted to a Uniswap governance vote aimed in direction of broadening the protocol’s earnings take hang of across extra than one layer-2 networks.
If permitted, the proposal would design bigger the so-known as price switch to eight extra chains and change the contemporary pool-by-pool mannequin with a tier-essentially essentially based v3 system that activates charges across all liquidity swimming pools by default.
Rate switch is the mechanism that redirects a share of the platform trading charges to the protocol treasury itself from liquidity suppliers. This captured price earnings is then broken-down for $UNI token buybacks, burns and treasury snarl, setting up a notify link between the platform’s trading volume and $UNI‘s market price.
A single governance resolution is able to add $27M in annualized earnings to Uniswap.
Since the most fundamental UNIfication proposal passed, restful protocol charges own already enabled $5.5M+ in $UNI burns ($34M annualized). So, what kind of impression could well expanding this to eight extra… pic.twitter.com/GjEJbJ0S8b
— Entropy Advisors (@EntropyAdvisors) February 25, 2026
Some estimates suggest the alternate could well add roughly $27 Million in annualized earnings on high of the roughly $34 Million already being generated and broken-appropriate down to burn $UNI, marking one in all essentially the most fundamental shifts in Uniswap’s token economics since charges had been reintroduced gradual final three hundred and sixty five days.
The governance proposal, atomize up into two onchain votes attributable to transaction limits, would set off protocol charges across extra than one blockchains. It additionally introduces a brand new v3OpenFeeAdapter that applies protocol charges uniformly across liquidity swimming pools in preserving with their price tier, comparatively than requiring governance to set off swimming pools individually.
The alternate would design protocol price take hang of automatic for all new v3 swimming pools, reducing manual intervention and doubtlessly broadening earnings series across lengthy-tail trading pairs.
Since the most fundamental share of the associated price switch rollout gradual final three hundred and sixty five days, Uniswap has already burned extra than $5.5 Million price of $UNI, implying an annualized whisk of roughly $34 Million at contemporary ranges.
The rally comes as crypto markets broadly rebound, with bitcoin up round 4–5% and ether gaining roughly 8% over the identical length.
Still, the lengthy-time length impression will hinge on whether better protocol price take hang of impacts Uniswap’s competitiveness for liquidity on layer-2 networks, the effect price-sensitive merchants and market makers can migrate to different venues.
After years of producing trading volume with out fundamental token-holder profits, contemporary quarters conceal the protocol starting to deal with earnings.
In Q1 2026, Uniswap recorded roughly $3.12 million in inappropriate earnings, in response to DeFi Llama data, in contrast with successfully zero in prior intervals.
The alternate follows the tiresome activation of the associated price switch gradual final three hundred and sixty five days, which redirected a share of trading charges in direction of $UNI burns.
If passed, the vote would cement Uniswap’s transition precise into a substandard-chain earnings-producing protocol, with $UNI burns an increasing number of tied to aggregate trading exercise past Ethereum.
