The Uniswap community is on track to approve the long-anticipated “UNIfication” proposal, with more than 69 million UNI votes already cast in favor—far exceeding the 40 million vote threshold required for passage. The vote is expected to conclude later this week, paving the way for one of the most consequential upgrades in Uniswap’s seven-year history.

If finalized, the proposal will activate Uniswap’s long-discussed protocol fee switch following a two-day timelock period. This change will enable fee mechanisms on Uniswap v2 and v3 via the Unichain mainnet, introducing a new phase in how value is captured and distributed across the protocol. A key component of the upgrade is the planned burn of 100 million UNI tokens from the Uniswap Foundation’s treasury, a move designed to reduce circulating supply and strengthen UNI’s long-term token economics.

In addition, UNIfication introduces a Protocol Fee Discount Auctions system aimed at increasing returns for liquidity providers, reinforcing Uniswap’s competitiveness as the largest decentralized exchange. Support for the proposal has been overwhelming, with opposition representing only a negligible fraction of total votes, while several prominent figures in the crypto industry have publicly backed the initiative.

Market reaction has been notably positive. Since voting began, UNI has gained roughly 25%, recovering from a prolonged downturn and signaling renewed investor confidence. Overall, UNIfication is widely viewed as a turning point that could significantly improve UNI’s supply–demand dynamics and make the token more attractive as a long-term holding.