Subsequently, the Uniswap fee switch would enable UNI token holders to earn protocol revenue, which has been a major topic of discussion within the community. Over $1 billion in annualized fees have been generated by the Uniswap protocol, and this shift would allow token holders to capture a portion of that revenue. The activation of the fee switch represents a significant step in Uniswap’s ongoing efforts to align the interests of its governance members with the protocol’s long-term success.