Overview
- The on-chain changes followed a Dec. 25 governance vote that passed with 125,342,017 UNI in favor and 742 against, clearing quorum with roughly 99.9% approval.
- Protocol fees are live on v2 and select v3 pools, with v2 directing 0.05% per trade to the protocol and v3 routing a portion of LP fees by tier, while Labs set interface fees to zero.
- Net proceeds from Unichain will contribute to ongoing burns after operational costs, and the TokenJar/Firepit contracts automate fee collection and UNI destruction.
- Circulating supply now stands near 730 million UNI out of 1 billion total, following the permanent burn of 100 million tokens from the treasury on Dec. 27.
- Governance also approved a 20 million UNI growth budget starting in 2026 and signaled potential future fee sources through separate proposals, with markets posting a mid‑single‑digit price gain after execution.