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As of February 23, Uniswap front-end transaction fees exceeded $8 million

According to DefiLlama data, as of February 23, Uniswap's frontend transaction fees (revenue) reached $8.05 million.

Earlier, the Uniswap Foundation posted on the X platform that Erin Koen, the governance leader of the foundation, released a new proposal "Activating Uniswap Protocol Governance". Its Snapshot vote will start on March 1, 2024, and on-chain voting will begin on March 8, 2024. The proposal suggests upgrading the protocol to reward UNI token holders who delegate and stake their tokens with a fee mechanism. Proposed changes include:

1. Upgrade Uniswap protocol governance to enable permissionless and programmatic collection of protocol fees;

2. Distribute any protocol fees proportionally to UNI token holders who have staked and delegated their voting rights;

3. Allow governance to continue controlling core parameters: which pools require fees and the size of the fees.

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