UNI broke to a one-week high of $4.05, with expectations that the rally would continue with more token burns.
Uniswap is getting closer to revenue sharing and may add up to $27M in value to UNI holders. The vote on the protocol for fee expansion will run from February 27 to March 1.
The Uniswap community will vote on the second part of the fee sharing expansion. The new vote will run from February 27 to March 1 and will enable fee sharing from the protocol’s multi-chain versions.
If the proposal is accepted, Uniswap will activate the fee switch on eight L2 chains. The votes will cover fees from Base, OP Mainnet, Arbitrum, Celo, Soneium, Worldchain, X Layer, and Zora.
Fee sharing has been one of the leading narratives for Uniswap, leading to previous UNI token rallies. This time, the protocol will tap fees from versions on other chains, bringing up to $27M in additional fees to UNI holders.
Based on DeFiLlama data, Uniswap generates a total of over $938M in annualized fees. In Q1, 2026, Uniswap also returned to net earnings, logging $2.75M in net profit, after multiple quarters with a net loss.
The venue remains one of the most widely used DeFi markets, working both as a DEX and as a source of significant yields on some of its pools.
As the Uniswap vote was announced, UNI broke out to a one-week peak. The token traded at $4.04, with one of its most significant breakouts in 2026.
UNI has been sliding in the past months, tracking the overall crypto market weakness. However, Uniswap may boost its presence as a platform with regular revenues and net profits, expanding profit sharing through UNI burns.
The recent UNI rally added over 15% in a day, showing tokens could still draw liquidity with the right narrative. The token is expected to continue its rally to $4.80 and even recover to $6.
UNI still depends heavily on Binance and MEXC, with over 61% of volumes against USDT. The relatively concentrated trading can lead to a short-term pump.
The proposal, once accepted, will take protocol fees from L2 and burn the tokens on the Uniswap mainnet. The proposal will include V2 and V3 protocol fees on the eight new L2 chains. Fees on each chain will go to the TokenJar on the respective network, then will be bridged back to Uniswap.
Uniswap rolled out its fee switch gradually, while monitoring the available fees. The initial fee switch started with selected V3 pools on Ethereum.
The additional burns led to a switch of value for Uniswap, with more users returning to the Ethereum mainnet. The burn system can also take fees in multiple different tokens and convert them for UNI burns. This may further boost the market value of UNI.
