Uniswap token holders have initiated a new round of DAO voting, proposing to enable fee switching mechanisms on 8 blockchains, which is expected to generate significant protocol revenue. UNI has increased by approximately 9% over the past 7 days, while BTC and ETH have declined. If the proposal passes, liquidity fees will be directed into the "token treasury," allowing users to earn rewards by burning UNI, creating a deflationary outlook. The proposal has passed the first round of voting, with the final vote ending on March 4.

Uniswap token holders will vote this Thursday to decide whether to activate the protocol fee switch, covering multiple Layer 2 blockchains. Once activated, one-sixth of the fees collected by liquidity providers will be used to burn UNI tokens, potentially doubling the returns. The fee switch was first implemented on Ethereum last year, generating a total of $3.3 million in revenue, with Base becoming the largest fee-generating chain. Following the proposal, the UNI price has increased by 9%. The voting will end on March 4th.

Odaily Planet Daily reports that, according to The Data Nerd monitoring, 17 hours ago, a suspected whale wallet related to Monetalis transferred 325,000 UNI tokens to Wintermute, worth $1.24 million. The wallet currently holds 3.27 million UNI tokens, valued at $12.75 million; 31,337 ETH, valued at $63.81 million; and 98,900 AAVE tokens, valued at $11.86 million.

The Uniswap governance community has approved a proposal to extend the protocol fee switch mechanism to eight blockchains, with all v3 liquidity pools set to collect fees by default, leading to approximately a 15% increase in UNI price. The new mechanism enhances revenue through unified fee collection, with an estimated annual additional income of $27 million. Fee adjustments may impact liquidity competition, and the future trend of UNI price depends on factors such as cross-chain trading volume and protocol revenue.