PANews Original | Revenue Up 2.7x, UNI Burns Surging: Uniswap’s Fee Switch Is Working Uniswap’s fee flywheel is finally in motion. On July 27, @Uniswap V4 activated its fee switch, sending average daily protocol revenue from roughly $118,000 to $318,000—a 2.7x increase—and helping UNI rally more than 10% in a single day. Robinhood Chain alone now contributes over half of Uniswap’s protocol revenue, while daily UNI burns have surpassed 100,000 tokens. Through TokenJar and Firepit, the new mechanism converts trading fees into market-driven demand to buy and burn UNI, significantly strengthening the token’s value-accrual model. But the growth comes with risks. More than 99% of Robinhood Chain’s trading volume is reportedly driven by memecoins and remains heavily dependent on gas subsidies. Meanwhile, ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 is trading at an implied earnings multiple of nearly 100x, and it remains unclear whether additional protocol fees will raise execution costs, reduce volume, or indirectly pressure LP returns. The fee switch may have solved Uniswap’s long-standing value-capture problem. The bigger question is whether speculative activity can be converted into sustainable, organic demand. #Uniswap #UNI #DeFi #DEX #TokenBurn #RobinhoodChain #Memecoins