$UNI The fee switch expanded to eight L2s through an executed governance vote, with 98.1% of revenue now reaching holders



Uniswap finally flipped the fee switch in late 2025, burning $UNI from protocol fees, but the impact so far is marginal

$UNI generated $5.6B+ in fees since inception. One of the top DEXs by volume, ever. Solid airdrop. Massive community.

But $UNI still trades ~92% below its ATH, near multi-year lows

If UNI was equity instead of a governance token, I doubt it'd be this cheap
UNI1.43%
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PleaseReadTheWhitepaperFirst.
· 2h ago
After five years, finally turned it on, but it was all for nothing.
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MoonlightReef
· 2h ago
The valuation model of governance tokens is fundamentally different from that of equity. There's a reason why it's cheap.
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GateUser-e6dafce6
· 2h ago
$5.6B in fees, 92% decline, if this were a stock, institutions would have already snapped it up.
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FragmentGlowFlower
· 2h ago
98.1% flows to holders, which is indeed a brutal ratio, but the coin price is still crawling on the ground, and the market clearly isn't buying it.
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