Uniswap, the biggest decentralized exchange, is taking a major step for the ecosystem. Following the success of the “UNIfication” vote last year, which officially turned on the fee switch, Uniswap Labs is now proposing to roll out these fees across its entire ecosystem.
Uniswap announced on the X platform that a proposal to expand protocol fees has been submitted. The proposal would switch on protocol fees across all remaining v3 pools on Ethereum mainnet, also extending fee activation to both v2 and v3 deployments on eight additional blockchains.
Taking the fee switch global
The new plan focuses on two big goals, getting it done on the Ethereum mainnet and moving fast into Layer 2 networks. On Ethereum, Uniswap is introducing a smarter way to collect fees across all trading pools, from the safest stablecoin pairs to the more volatile assets. But the real growth is happening elsewhere.
The proposal targets eight high-speed chains, including Base, Arbitrum, and Optimism, to capture the massive trading volume happening outside of Ethereum. By keeping the protocol’s cut relatively small, Uniswap ensures that the people providing liquidity still get paid well while the protocol builds a steady, long-term bankroll.
The BlackRock effect and a new era for UNI
This expansion comes at the perfect time. Recently, BlackRock made waves by making its $2.2 billion BUIDL fund tradable directly on UniswapX. BlackRock bought up a major amount of UNI tokens, causing the price to jump 20% almost instantly.
By using a faster governance process, the team can now react to market changes and add fees to new networks in days rather than months. While some worried that these fees might drive traders away, the opposite has happened, liquidity has actually grown in many areas. Ultimately, the goal is to stop UNI from being just a “voting token” and turn it into a powerhouse asset that shows Uniswap’s dominance in the global financial landscape.
