UNI jumps 12% as Uniswap eyes $27M L2 fee rollout

Uniswap governance token holders will vote on a proposal to expand fee sharing to eight additional Layer 2 blockchain networks, according to an announcement from the decentralized exchange protocol.

The voting period is scheduled to run from February 27 to March 1, 2025. The proposal represents the second phase of Uniswap’s fee sharing expansion plan, which would enable revenue distribution from the protocol’s multi-chain versions.

If approved, Uniswap will activate fee switches on Base, OP Mainnet, Arbitrum, Celo, Soneium, Worldchain, X Layer, and Zora networks. The protocol would collect fees from both V2 and V3 versions operating on these eight Layer 2 chains.

Under the proposed system, fees collected on each chain would be sent to a TokenJar on the respective network, then bridged back to Uniswap’s Ethereum mainnet for token burns, according to the proposal details.

Uniswap reported a return to net profitability in Q1 2026 after multiple quarters of net losses, according to DeFiLlama data. The platform generates significant annualized fees and operates as both a decentralized exchange and yield-generating protocol.

UNI token price increased to a one-week peak following the vote announcement, posting double-digit percentage gains. The token has declined in recent months alongside broader cryptocurrency market weakness, according to market data.

Uniswap initially implemented its fee switch on selected V3 pools on the Ethereum mainnet before expanding to additional networks. The burn mechanism converts fees collected in various tokens into UNI for permanent removal from circulation.

Trading volume for UNI remains concentrated on Binance and MEXC exchanges, according to trading data. The protocol’s fee sharing mechanism has previously driven rallies in UNI token price, market observers noted.

The decentralized exchange remains among the most widely used platforms in decentralized finance, according to usage metrics.