Uniswap’s UNI jumps 15% as governance vote to expand fee switch gains momentum

A governance proposal would activate protocol fees across eight additional chains and automate fee collection on all v3 pools, potentially adding an estimated $27 Million in annualized revenue. What to know : Uniswap’s UNI token jumped about 15% in 24 hours, outpacing bitcoin and ether, as traders reacted to a governance vote to expand protocol fee capture across multiple layer-2 networks. The proposal would extend the fee switch to eight additional chains, apply a new tier-based v3 fee system to all liquidity pools by default and make protocol fee collection automatic for new pools. Estimates suggest the change could add roughly $27 million in annualized revenue on top of about $34 million already used for UNI burns, deepening Uniswap’s shift into a cross-chain, revenue-generating protocol while raising questions about its competitiveness for liquidity.