Uniswap v4 Fees Activated Across Seven Chains

Uniswap's v4 protocol fees have been activated across seven chains after receiving 46.6 million UNI in support, according to Uniswap founder Hayden Adams.

The new fees are additive and do not reduce liquidity providers' existing earnings, as some had previously claimed, Adams said.

Under the new design, traders pay a combined fee of near 35 basis points on a pool charging 30 basis points, while liquidity providers continue to earn 30 basis points. This means that the protocol's five-basis-point portion equals about 14% of the total fees, not 25% of the LP fee stream.

Adams responded to criticism from Panoptic founder Guillaume Lambert, who argued during the governance discussion that taking 10% to 25% of fees could weaken LP returns and push capital toward competing automated market makers. Adams' response focused on v4's additive implementation, which calculates the protocol fee separately.