Uniswap's UNI token rises 15%, governance proposal could increase annual revenue by $27 million

Uniswap's governance proposal suggests activating protocol fees on eight additional chains and automatically charging fees for all v3 liquidity pools, which is expected to generate approximately $27 million in additional annual revenue. As a result, Uniswap's UNI token rose about 15% within 24 hours, outperforming both Bitcoin and Ethereum. The proposal also includes the default application of the new v3 tiered fee system and the automatic collection of protocol fees for new pools, with approximately $34 million currently allocated for UNI burning.