Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
UNI The V4 fee vote passed with a near unanimous vote
Uniswap Labs launched a governance vote on July 7 to extend the Unification fee and destruction program to the v4 pool.
The proposal requests $UNI holders to approve charging agreement fees for some transactions in the Uniswap v4 pool. The five-day Snapshot temperature monitoring voting will last until July 12, followed by binding on-chain voting in the week of July 13.
Current temperature testing shows a support rate of approximately 93%.
Agreement fees are effective in all v2 and v3 pools on 11 chains including Ethereum, Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, Worldchain, Zora, BNB Chain and Polygon. The current proposal would bring v4 pools into the same framework, marking the largest expansion of the destruction mechanism to date.
Since Governor Bravo limits a maximum of 10 operations per proposal, two independent on-chain votes will be issued in parallel to cover all chains.
How the destruction engine works and what is different from v4
Agreement fees on each chain flow into a contract called TokenJar. Anyone wishing to collect these fees must first destroy the equivalent amount of $UNI. Destroyed tokens will be bridged back to Ethereum and sent to the 0xdead address, thus permanently withdrawing from circulation.
V2 and v3 pools use simple fixed fees, but v4 introduces a \"hook\" system that allows developers to add additional features to the pool, including the ability to dynamically adjust fees. To address this complexity, it is proposed to activate fees on three v4 pool families and introduce them into the Unification destruction mechanism through the new V4FeePolicy and V4FeeAdapter contract systems.
The momentum of the plan is already evident. Last month, Uniswap destroyed a record 186,000 $UNI pieces in a single day, surpassing the daily destruction high of 134,000 pieces set in early June. Including the v4 pool will bring destruction engine coverage to the largest in history.
The proposal is not without controversy. At least one prominent liquidity provider has warned that the v4 fee switch could drive liquidity providers away. Unification fee switches have been criticized by liquidity providers for reducing returns, which could lead to capital flow to competitive decentralized exchanges, especially if v4 adoption is still in its early stages.
The Unification plan itself will be adopted in December 2025. The original proposal received more than 125 million votes in support and 742 votes against during a five-day voting period, transforming $UNI from a purely governance mechanism into a value-accumulating asset.
