Uniswap activated the fee switch on selected v4 liquidity pools on July 27, 2026 through Governance Proposal 100, which passed with overwhelming support from 46.6 million UNI in favor versus only 1.27 million against. The mechanism generates approximately 325,000 dollars in daily protocol revenue through fees representing one-sixth of existing swap fees. These revenues flow into TokenJar contracts that require UNI token burns to be claimed, permanently reducing supply. The proposal covers seven networks: Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet, and Robinhood Chain. Annualized, this revenue run rate places protocol receipts in the nine-figure range.
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