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Uniswap v4 fee switch drives higher protocol revenue and UNI burns

Protocol revenue nearly tripled after the July 27 activation, with about $325,000 in the past 24 hours flowing toward UNI burns and a total burn-bound amount of roughly $28 million since late December.

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Uniswap’s v4 fee switch has started generating higher protocol revenue for UNI holders, with the latest onchain data showing fees are now flowing into UNI burn mechanics shortly after the July 27 activation. According to The Defiant, protocol revenue has nearly tripled since activation, reaching about $325,000 in the past 24 hours versus a roughly $114,000 a day run rate earlier in July.

The mechanism works by collecting protocol fees in TokenJar contracts across supported chains, then requiring a UNI burn of an equivalent value for fee claims. The rollout extended fees under Unification, a governance program approved in December that ended UNI’s five year fee-less status.

The fee rollout expanded across v4 pools on seven chains, including Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet, and Robinhood Chain. The Defiant reports Robinhood Chain contributed $170,353 of the past day’s protocol revenue, with Ethereum mainnet at $81,866, Base at $48,398, and Arbitrum at $16,546.

Since the burn-bound mechanism launched in late December, the total burn-linked revenue is about $28 million, and the UNI dead address now holds 107.8 million UNI. Uniswap’s documentation and the governance vote details cited by The Defiant show Proposal 100 passed with 46.6 million UNI in favor, extending fees to v4 pools after earlier deployment in v2 and select v3 pools.

Latest closeEthereum $1,917.36 ▲0.5%|BNB $591.60 ▲3.5%

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