Uniswap price soars as DAO votes to activate fee switch for 8 blockchains

Uniswap's DAO has voted to activate the protocol's fee switch across 8 additional blockchains, just two months after implementing it on Ethereum. This expansion allows the protocol to capture trading fees on multiple chains, potentially increasing revenue for UNI token holders.

• →Uniswap DAO approved activating the fee switch on 8 new blockchains beyond Ethereum.
• →The fee switch activation comes just two months after being implemented on Ethereum mainnet.
• →This move allows Uniswap protocol to capture a portion of trading fees across multiple chains.
• →The expansion demonstrates Uniswap's multi-chain strategy and revenue diversification efforts.
• →UNI token price rallied following the governance vote approval.