Uniswap's token burn, protocol fee proposal backed overwhelmingly by voters

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Uniswap's token burn, protocol fee proposal backed overwhelmingly by voters The proposal, which transforms UNI into a value-accruing asset, received more than 125 million votes in support with just 742 dissenting. By Sheldon Reback Dec 26, 2025, 11:01 a.m. (Midjourney/Modified by CoinDesk) What to know : Uniswap's proposal to activate protocol fees and burn UNI tokens received overwhelming support from voters. The initiative will transform the token into a value-accruing asset and link protocol usage to token supply reduction. Uniswap Labs' and Uniswap Foundation's "UNIfication" proposal to activate protocol fees for the largest decentralized exchange in crypto and burn millions of UNI received overwhelming support from voters, transforming the token from a purely governance mechanism into a value-accruing asset. The proposal received more than 125 million votes in support over the five days of voting with just 742 dissenting. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Uniswap sees an average of about $2 billion a day in trading volume and generates an annualized $600 million in fees, according to DeFillama data. Until now, it has routed all the fees to liquidity providers, leaving UNI as a governance-only token with no direct economic link to the platform’s activity. Some of those fees will now be routed to an onchain mechanism designed to burn the tokens, directly linking protocol usage to token supply reduction and potentially boosting the market price. A full100 million UNI from the treasury — worth over $590 million at current rates — will be also burned in a retroactive move intended to reflect fees that could have accrued had protocol fees been active since Uniswap’s creation in 2018. The UNI token has gained 2.5% in the past 24 hours to $5.92. Read more: Uniswap Proposes Sweeping ‘UNIfication’ With UNI Burn and Protocol Fee Overhaul Uniswap Governance dexs More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. View Full Report More For You Trust Wallet users lose $7 million to hacked Chrome extension By Sheldon Reback 1 hour ago Changpeng Zhao, a co-founder of Binance, which owns the utility, said the losses will be reimbursed. What to know : Trust Wallet users lost about $7 million following an update to its Chrome extension. Binance co-founder Changpeng Zhao said the losses will be reimbursed. Users are advised to avoid version 2.68 of the extension and upgrade to version 2.69. Read full story Latest Crypto News Trust Wallet users lose $7 million to hacked Chrome extension 1 hour ago Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support 21 hours ago Hong Kong regulators target 2026 legislation for virtual asset dealer and custodian rules 23 hours ago Bitcoin and ether ETFs see outflows ahead of Christmas, led by IBIT and ETHE Dec 25, 2025 XRP ETF net assets cross $1.25 billion milestone, but price-action muted Dec 25, 2025 Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move Dec 25, 2025 Top Stories Trust Wallet users lose $7 million to hacked Chrome extension 1 hour ago Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support 21 hours ago Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move Dec 25, 2025 Hong Kong regulators target 2026 legislation for virtual asset dealer and custodian rules 23 hours ago Crypto M&A hits record $8.6 billion in 2025 as Trump’s regulatory stance spurs deals Dec 24, 2025 Bitcoin and ether ETFs see outflows ahead of Christmas, led by IBIT and ETHE Dec 25, 2025