Cumulative protocol revenue has reached approximately $23.15 million since the fee switch went live, with daily revenue clocking in at $129,274 and 30-day revenue hitting roughly $4.9 million.
The fee switch changes everything
That changed on December 28, 2025, when the fee switch was activated on Ethereum. The mechanism redirects around 17% of swap fees toward protocol revenue, which is then used for UNI buybacks and burns.
The rollout didn’t stop at Ethereum. Governance votes expanded the fee mechanism to Layer 2 solutions in March and June 2026, capturing revenue across the broader ecosystem where Uniswap operates.
Total fees generated by the Uniswap protocol sit at approximately $845 million annually. The 17% redirect means only a fraction flows to the protocol itself, but even that fraction is producing meaningful numbers. Annualized revenue estimates range from $26 million to nearly $58 million depending on the data source and timeframe.
