Uniswap fee switch to be expanded to eight chains, with UNI burn to claim protocol revenue

ZkProver · 2026-02-28T03:16:12+00:00

Uniswap token holders will vote this Thursday to activate the protocol fee switch across eight Layer 2 blockchains, which is expected to more than double liquidity provider earnings. Fees have been implemented on the Ethereum mainnet since last year, with total earnings reaching $3.3 million. The proposal news caused UNI to rise by 9%. Voting will end on March 4th.

ZkProver

2026-02-28 03:16:12

Abstract generation in progress

ChainCatcher News: Uniswap token holders will start voting this Thursday on a major proposal to activate the protocol fee switch on eight Layer 2 blockchains, including Base, Arbitrum, and OP Mainnet, for two protocol versions. Once activated, at least one-sixth of the fees collected by liquidity providers on these chains will be transferred to the token pool, allowing investors who burn an equivalent amount of UNI tokens to claim the funds. This is expected to more than double current earnings.

The fee switch has been live on Ethereum mainnet v2 and some v3 liquidity pools since December last year, generating a total of $3.3 million in revenue. Since 2026, Base has surpassed Ethereum as Uniswap’s largest fee-generating chain, producing $55 million in fees.

Boosted by the proposal news, UNI has risen 9% over the past week, outperforming Bitcoin and Ethereum, which declined during the same period. The final vote will conclude on March 4.

UNI-6.83%

ARB-16.93%

OP-13.04%

ETH-8.84%

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