UNI Surges as Fee Switch Activated and Trading Volume Skyrockets

UNI has seen an impressive price surge in recent months, nearly doubling in value from $2.3 to $4.6 over two months.

This turnaround comes after a five-year debate on implementing fees for trading on Uniswap's protocol, which finally passed in December 2025.

Initially, the market reaction was muted, with UNI surging nearly 50% within hours of the proposal news but then falling back with the broader market.

However, by July, Uniswap's daily trading volume had reached $500 million on the Robinhood Chain, and cumulative protocol revenue nearly tripled after activating fees for v4 pools.

The burn mechanism is now generating significant revenue, with daily funds flowing to UNI burns rising from around $114,000 in early July to over $325,000.