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 expected to run from February 27 to March 1, 2025. The proposal represents the second phase of Uniswap’s fee sharing expansion plan, which would allow revenue distribution from multi-chain versions of the protocol.
If approved, Uniswap will enable fee switches on the Base, OP Mainnet, Arbitrum, Celo, Soneium, Worldchain, X Layer, and Zora networks. The protocol would collect fees on V2 and V3 versions running 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 and then linked to Uniswap’s Ethereum mainnet for token burns, according to details of the proposal.
Uniswap reported a return to net profitability in the first quarter of 2026 after several quarters of net losses, according to data from DeFiLlama. The platform generates significant annualized fees and functions as both a decentralized exchange and yield generation protocol.
The price of the UNI token hit a one-week high after the vote was announced, posting double-digit percentage gains. The token has declined in recent months alongside broader weakness in the cryptocurrency market, according to market data.
Uniswap initially implemented its fee change on select 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 the Binance and MEXC exchanges, according to trading data. The protocol’s fee-sharing mechanism has already led to a rise in the price of the UNI token, market observers noted.
The decentralized exchange remains one of the most used platforms in the decentralized finance space, according to usage metrics.