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Brandon Kae and Ivan Wu

Uniswap Nears $1 Billion in 2025 Fees as Governance Proposes Token Burn Mechanism

Uniswap generated over $985 million in protocol fees from January through October 2025, averaging approximately $93 million monthly. The decentralized exchange protocol recently introduced a governance proposal implementing fee burns and protocol revenue capture mechanisms, according to The Block's Data and Insights newsletter analysis.
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