Uniswap (UNI) — Onchain News & Whale Tracking

Sky confirms it provides USDS liquidity infrastructure for Spark and Uniswap’s stablecoin swap system FX Layer.

Sky (formerly MakerDAO), in collaboration with Spark and Uniswap, released a joint statement noting that roughly $150 million in liquidity migrated from the previously launched stablecoin FX Layer project originates from Sky’s USDS ecosystem. As the network’s initial pricing asset, USDS provides foundational liquidity for the USDS/USDT and USDS/PYUSD pools. The three parties emphasized this marks the first large-scale deployment of the liquidity framework, with a long-term vision to onboard more stablecoin issuers—including PayPal’s expanding PYUSD, Ripple’s RLUSD, and institutions like Robinhood and Revolut that are exploring stablecoin operations—to this shared infrastructure, rather than each building independent liquidity networks. They also aim to explore enabling idle funds to generate returns under the governance framework without participating in market making. Earlier on June 25, Spark and Uniswap jointly announced the launch of FX Layer, a stablecoin exchange system designed to deliver shared liquidity infrastructure for multiple stablecoin issuers such as banks, fintech firms, and payment companies, eliminating redundant construction of liquidity pools, market makers, and inventory management. Spark acts as the orchestration layer, deciding how liquidity is allocated and coordinated across different stablecoins, while Uniswap v4 provides a programmable AMM architecture (a DualPool hook based on the hooks mechanism) to execute specific transaction paths.

Spark and Uniswap jointly launch stablecoin swap system "FX Layer"

Spark and Uniswap have jointly launched the stablecoin swap system "FX Layer". According to reports, FX Layer is designed to create a shared pool for issuers to access, enabling institutions to trade between dollar-pegged tokens while minimizing slippage. Spark announced it will migrate $150 million from its USDS ecosystem to Uniswap v4 to establish a "liquidity foundation" for the swap pool supporting USDS, Tether’s USDT, and PayPal’s PYUSD. FX Layer operates as shared liquidity and trading infrastructure on Uniswap v4, allowing multiple stablecoin issuers—including banks, fintech firms, and payment companies—to access a common system, rather than each separately building and launching their own liquidity pools, market makers, and inventory management setups. Spark serves as the orchestration layer, responsible for allocating, managing, and coordinating liquidity across different stablecoins, while Uniswap provides the programmable Automated Market Maker (AMM) architecture.

Fidelity Chooses Uniswap as the Liquidity Infrastructure for Its Stablecoin FIDD

June 12: Uniswap announced in an official statement that Fidelity has selected it as the liquidity infrastructure for its stablecoin FIDD. The FIDD liquidity pool is now live on the Uniswap protocol. Fidelity’s stablecoin FIDD, which launched back in February, is designed for both retail and institutional investors.

Uniswap Founder: Claude Fable 5 Network Security Query Limit is a "Bad Decision"

On June 10th, Uniswap founder Hayden Adams expressed his opposition to the security sandbox mechanism introduced by Claude Fable 5, a new AI model from Anthropic. In his remarks, Adams pointed out, “Fable 5’s security protection system will detect and block requests related to cybersecurity—a terrible decision. At its core logic, the model cannot distinguish between legitimate requests from white hat hackers who seek to strengthen and defend systems and malicious requests from black hat hackers.”

Uniswap Founder Responds to Bankless Co-Founder's ETH Sell-off Article: "ETH is Money" Narrative Is Correct

May 27th Update: In response to Bankless founder David Hoffman’s full liquidation of all his Ethereum (ETH) holdings, Uniswap creator Hayden Adams took to social media to respond. Adams noted that the "ETH is Money" narrative is correct, though it simply doesn’t align with most people’s current mindset. He suggested that the future will see every asset become tokenized, letting individuals hold onto their most valued assets. This will spark a form of currency Darwinism, where countless currencies compete freely, and the most decentralized forms of money will prevail. Once swapping any asset becomes low-cost, high-efficiency, and available at any time, there will no longer be a need for a single universal unit of account. Adams called Uniswap on Ethereum the current "best decentralized money system," emphasizing that all of this is just the beginning.

Google's False Crypto Ads Persist, Fake Uniswap Phishing Site Snares Another $400,000

On May 26 (Monday), on-chain analyst "b-block" took to social media to alert the crypto community about a fake Uniswap website stealing funds from multiple wallets, with the scammer hoarding assets worth over $400,000. Stacy Muur, founder of Web3 marketing agency Green Dots, shared a screenshot of fake search engine sponsorship results, calling out Google for ignoring this issue for years—fake links are outranking the real ones, fueling ongoing fund theft from users. Per Etherscan data, the two flagged addresses hold roughly 146 ETH, worth approximately $306,000. DeFiLlama notes that fake ads on Google are a common source of phishing attacks. In an April report, the Crypto Nonprofit Organization Security Alliance (SEAL) highlighted that phishing activity on Google search spiked "significantly" in March. Attackers use either hijacked legitimate ad accounts or compromised payment accounts to place highly deceptive fake ads, bypassing Google’s automated checks by using URLs that look ge

Bitwise has launched its first-ever tokenized crypto index fund, the Bitwise Uniswap (UNI) Competitive Comparison (USCC).

On May 7, Bitwise announced the launch of its first tokenized cryptocurrency yield fund—the Bitwise Crypto Carry Fund (USCC)—marking the firm’s first tokenized fund. Bitwise noted that all of its future funds will be tokenized. This particular fund delivers market-neutral returns via crypto basis trades, with underlying technology powered by Superstate. It is currently only available to accredited investors.

Uniswap DAO Proposal to Reclaim $42 million Worth of UNI Tokens Lent Out Previously

**May 6th — Per DLnews, the Uniswap DAO is currently voting on a proposal to reclaim 12.5 million UNI tokens (worth roughly $42 million) that were previously lent to the Uniswap Foundation and several key representatives. The tokens were borrowed between 2022 and 2023 to boost governance participation.** **Erin Koen, Head of Governance at Uniswap Labs and the proposal’s author, noted Uniswap’s governance environment has improved dramatically. UNI holders are actively engaging in delegated voting, with an average proposal turnout of ~75 million votes—about 88% above quorum. Thus, the borrowed tokens have fulfilled their intended purpose.** **The vote arrives as Uniswap Labs and the Foundation address criticism of their governance system’s high centralization. The token recall also aims to resolve potential misalignment between representatives’ voting power and economic exposure.** **Voting wraps up May 8. As of now, 53% support the proposal, 46% are abstaining, and opposition i

Uniswap has announced the official launch of its Developer Platform

April 16 — Uniswap Labs announced the official launch of its Uniswap Developer Platform today via its official blog. The platform, which entered beta in February, has already seen over 3,000 API keys created, with MetaMask and Privy completing integration of the Uniswap API. The full launch introduces three key updates: 1. A revamped documentation site featuring an AI toolkit, API interaction sandbox, technical guides, and quick-start modules; 2. New Liquidity Provider (LP) endpoints added to the Uniswap API; 3. A toolset tailored for AI-native development. Developers can now seamlessly create and adjust liquidity positions, claim fees via the API, and specify liquidity pools by Pool ID — eliminating the need to manually configure token pairs, fees, tick spacing, and other parameters.

Uniswap API access via MetaMask accounts for approximately 40% of its trading volume

On April 7, Uniswap founder Hayden Adams tweeted that since Uniswap’s API integrated MetaMask’s aggregated trade routing system a month prior, it now makes up roughly 40% of its swap volume. He also noted that Uniswap is offering free access to API keys for all developers.

Uniswap is now live on the Linea network

On April 2nd, Uniswap announced that Uniswap v2, v3, and v4 are now live on the Linea network. Linea—a zkEVM Layer 2 scaling solution developed by Consensys—is now accessible via the Uniswap web app and API, while support for the Uniswap Wallet on iOS and Android is being rolled out gradually.

Uniswap Foundation 2025 Financial Summary: Total Assets $85.8 million, Reserve Funds Able to Support Operations Until January 2027

**Uniswap Foundation Releases Unaudited 2025 Financial Summary** On April 1, the Uniswap Foundation published an unaudited financial update as of December 31, 2025. Key details: - Total assets: $85.8M (including $49.9M in cash/stablecoins, 15.1M UNI tokens, 240 ETH) - Current reserves expected to fund operations through January 2027 **Fund Allocation & Operations** - ~$106.2M earmarked for ecosystem grants and incentive programs; $26.3M for operating costs + employee token incentives - 2025 full-year operating expenses (excluding token compensation): $9.7M - 2025 interest income: $1.7M - Note: Allocations may adjust due to governance changes from the approved UNIfication proposal **Ecosystem & Institutional Updates** 2025 milestones: Launch of Uniswap v4, Unichain mainnet deployment, UNIfication fee switch activation. Proposed next steps: Enable protocol fees for v3 liquidity pools, expand on-chain deployments. Institutional: BlackRock and Securitize recently

Point of View: A U.S. Judge Considers Uniswap a "Neutral Infrastructure," While Tornado is Seen as "Facilitating Illegal Financial Activity"

**March 10 Update** Crypto reporter Eleanor Terrett noted that during a review of Tornado Cash co-founder Roman Storm’s trial, the judge appeared more sympathetic toward Uniswap’s developers in a related lawsuit—while taking a tougher stance against Tornado Cash’s devs. Court filings indicate the judge argued it would be illogical to hold software developers liable for strangers’ misuse of neutral infrastructure, classifying Uniswap as “neutral infrastructure” but deeming Tornado Cash to have “engaged in illegal financial activities.” This position signals U.S. courts could weigh whether developers merely provide neutral tools when assessing DeFi infrastructure liability going forward. **Earlier Today** Reports emerged that the U.S. Department of Justice (DOJ) is seeking a retrial for Roman Storm on two charges the initial jury deadlocked on: money laundering and sanctions violations. Prosecutors proposed scheduling the retrial for early October, even as Storm’s motion to ove

US Judge Dismisses Class Action Lawsuit Against Uniswap 'Rug Pull Token', Rules Issuers Not Liable for Token Misdeeds

March 3 — A U.S. federal judge has dismissed the remaining state law claims against Uniswap Labs and founder Hayden Adams, bringing an end to the long-running class-action lawsuit, The Block reported. The suit sought to hold the decentralized exchange (DEX) protocol developer liable for fraudulent tokens traded on its platform. U.S. District Judge Katherine Polk Failla of the Southern District of New York issued a ruling with preclusive effect, dismissing the plaintiffs’ second amended complaint. She ruled the plaintiffs cannot hold the company accountable for misconduct by an unidentified third-party token issuer. Uniswap General Counsel Brian Nistler said the ruling sets an important precedent for the decentralized finance (DeFi) industry, reaffirming developers are not liable for third parties misusing open-source code for illegal activities.

Uniswap Founder: Financial System Must Remain Up and Accessible

On March 2, Uniswap founder Hayden Adams took to Twitter to respond to the announcement “Dubai Financial Market Closed Until Further Notice,” stating: “Banning trading only deprives consumers of choice. In times like this, people need access to liquidity. The financial system must always remain operational and accessible.”

Uniswap Proposal to Enable Protocol Fee Switch on Layer 2 Enters Final Vote

On February 28, the Uniswap community launched the final vote to activate the protocol fee switch across eight chains: Base, Arbitrum, Optimism Mainnet, World Chain, X Layer, Celo, Soneum, and Zora. The fee switch proposal aims to redirect at least one-sixth of transaction fees on these networks from LP revenue to UNI token holders via equivalent UNI burns. Ethereum Mainnet v2 and select v3 pools have had fee sharing in place since late last year, generating roughly $3.3 million in revenue. The proposal also plans to cover the remaining v3 pools on Ethereum. The final two proposal votes are set to conclude on March 4.

Uniswap Labs has announced that the Developer Platform is officially entering the Beta testing phase

February 20th — Uniswap Labs has officially launched its Uniswap Developer Platform in beta, per official sources. Developers can now generate Uniswap API keys and seamlessly integrate exchange and liquidity provision features into their apps in minutes. Additionally, Uniswap has rolled out an integration tool for agent-based workflows, enabling one-click API integration via the command line.

Uniswap has launched a proposal to increase the protocol fee

On February 19, Uniswap announced via a post on X that a proposal to hike protocol fees has been deployed. The update will enable fees for all remaining v3 pools on the mainnet and activate protocol fees for both v2 and v3 pools across 8 additional chains.

BlackRock Makes Big DeFi Move: BUIDL Goes Live on UniswapX, to Purchase UNI Token

On February 12, Uniswap Labs announced a partnership with Securitize, with BUIDL—Belridge’s subsidiary—now tradable via UniswapX. This marks Belridge’s first direct foray into decentralized finance (DeFi), enabling eligible institutional investors (whitelisted, with at least $5 million in assets) to trade using stablecoins. Additionally, Belridge noted it will purchase Uniswap’s UNI token, though it did not disclose the specific amount. In reaction to the news, UNI’s price briefly spiked over 30% (jumping from roughly $3.3 to $4.5) before settling back to $3.5. The crypto community is hailing this as a milestone in the deep integration of traditional finance (TradFi) and DeFi. With over $14 trillion in assets under management (AUM), Belridge’s choice of Uniswap signals a strong endorsement of DeFi infrastructure—with UNI as a key beneficiary. Uniswap founder Hayden Adams said: “DeFi is having an important day. This collaboration leverages Uniswap’s market structure to enable on

BlackRock discloses intent to purchase Uniswap's UNI token, specific amount undisclosed at this time

On February 11, asset management giant BlackRock announced that following the deployment of BUIDL on decentralized finance (DeFi) platform Uniswap, it plans to acquire Uniswap’s UNI token—though the specific purchase amount was not disclosed. Analysts noted the early-stage impact of Uniswap integrating BUIDL may be limited, as the protocol involves Securitize creating a whitelist for institutions to participate in DeFi trading. BlackRock will also add market makers (including long-time crypto liquidity provider Wintermute) to the whitelist to facilitate trading. Additionally, access to BUIDL is restricted to eligible purchasers: individuals or entities with $5 million or more in assets.

Uniswap Labs Partners with Securitize to Provide Liquidity Support for BlackRock's BUIDL

On February 11, Uniswap Labs partnered with Securitize to provide liquidity support for BUIDL, a BlackRock-backed project.

After the Aztec token auction, 4,234.6 ETH and 273 million AZTEC will be pooled on Uniswap V4.

On February 11th, on-chain analyst Ember Ye reported that Coinbase has added Aztec (AZTEC) to its listing roadmap. The project team also tweeted yesterday to confirm the exact TGE (Token Generation Event) time: 3:00 PM Beijing time on February 12th. Back in December 2023, Aztec hosted a fully on-chain automated token auction, with 16,741 addresses participating. In total, 15% of its tokens were sold, raising 19,388 ETH (equivalent to $59.13 million). This gave the project a fully diluted valuation (FDV) of $490 million, with an average cost of $0.0473 per token. After the auction ended, 4,234.6 ETH ($12.91 million) was paired with 273 million AZTEC tokens in a Uniswap V4 liquidity pool. However, the pool remains inactive because tokens cannot be transferred before the TGE. Once the TGE goes live, this $26 million in liquidity will activate simultaneously, making AZTEC one of the top on-chain tokens with deep liquidity.

Bancor's Lawsuit Against Uniswap for Infringement of Its Smart Contract Technology Patent Dismissed by Court

On February 11, a New York federal court dismissed a patent infringement lawsuit filed by a Bancor Protocol affiliate against Uniswap. The judge ruled the patent at issue covers an abstract idea related to cryptocurrency exchange rate calculation—failing to meet U.S. patent eligibility requirements. The plaintiff’s argument that implementing the pricing formula on blockchain infrastructure made it patentable was rejected; the judge noted restricting an abstract idea to a specific technological environment does not qualify it for patent protection. The plaintiff has 21 days to file an amended complaint. Uniswap founder Hayden Adams briefly posted on social media: “A lawyer just told us we won.”

Tally announces ICO and launches ICO fundraising platform based on Uniswap CCA

Feb. 4: On-chain governance tool Tally announced it will launch an ICO, with plans to publicly document the full process over the next 60 days. Additionally, Tally has built an ICO fundraising platform powered by Uniswap CCA (a Uniswap-linked contract or mechanism) to help teams of all sizes raise capital.

Uniswap Web App to Launch Token Auction Feature

Uniswap unveiled its Continuous Liquidation Auction (CLA) protocol on January 28, designed to help crypto project teams bootstrap liquidity on Uniswap v4. The "Auctions" tab will launch on the platform’s "Explore" page February 2, showing ongoing and upcoming CLAs. For new assets, users can join the bidding phase before the token officially starts trading. For existing assets, teams can leverage the same mechanism to allocate supply and boost liquidity.

Uniswap: Continuous Liquidation Auctions are now officially deployed to Base

On January 22nd, Uniswap took to X to announce that its Continuous Liquidation Auction has officially launched on the Base network. Developers building on Base can now fully run on-chain token auctions, access reliable market prices, and bootstrap liquidity on Uniswap v4.

Uniswap Founder Lambasts Celebrities and Politicians Exploiting Blockchain for Scams

On January 13, Uniswap founder Hayden Adams commented on the NYC Coin incident involving former New York City Mayor Eric Adams, slamming celebrities and politicians for exploiting blockchain to carry out fraudulent schemes. Adams noted that celebrities have viable, legitimate ways to profit from blockchain technology—such as issuing tokens while maintaining liquidity, delivering real value to holders, and ensuring project transparency. He emphasized blockchain is “an unprecedentedly powerful tool for collaboration, monetization and value distribution” used by millions globally—but celebrities often leverage it for short-sighted fraud. Adams argued that running blockchain projects honestly would let celebrities earn more, safeguard their reputations, and steer clear of legal trouble.

Dragonfly Partner: Uniswap's Valuation at Launch Fee Switch is 240x Annualized Fee, Could Lose $100M This Year

On January 7, Dragonfly partner Omar Kanji posted that after enabling the fee switch, Uniswap’s current valuation is roughly 240x its annualized fee revenue—$54 billion in fully diluted valuation (FDV) divided by $23 million in annual fee revenue. Factoring in the 20 million UNI allocation this year (valued at ~$123 million at the current $6.16 price), the protocol is expected to incur a roughly $100 million loss this year.

Uniswap Founder: AMMs Outperform Order Books on Low-Liquidity Pairs, High-Volatility Tail Markets, and Mainstream Tokens

On January 6, Uniswap founder Hayden Adams posted on X, pushing back strongly against the narrative that Automated Market Makers (AMMs) are at a disadvantage. He noted that in low-volatility currency pairs, AMMs can deliver stable returns for small-capital investors, thereby eroding the competitiveness of professional market makers. In high-volatility long-tail markets, AMMs are the only scalable option—here, project teams or early backers act as liquidity providers (LPs), and their liquidity provision outperforms paying option fees to market makers. For high-volatility mainstream tokens, Adams said AMMs are continuing to grow. While order books currently operate optimally, AMM development is still in its early days. Through the Hook feature in Uniswap v4, more profitable liquidity pools will be available down the line. Adams believes that thanks to lower capital costs and the ease of bundling and collateralizing liquidity, AMMs will ultimately come out on top in this space.

Uniswap: All interface fees for the application and API have been set to zero

On December 28, Uniswap announced it has eliminated all interface fees for its app and API. Earlier reports confirmed the Uniswap "Fee Switch Activation Proposal" passed its final governance vote. Following a two-day timelock, the fee switch for Uniswap v2 and v3 will activate on the Unichain mainnet—triggering UNI token burns. The proposal will also burn 100 million UNI tokens from the Uniswap treasury and roll out a protocol fee discount auction system to boost liquidity provider returns.

Uniswap Foundation Financial Report Reveals Team's "High Salary Low Ability" Dynamic, Community Outraged

**December 25th Update** Per the Uniswap Foundation’s 2024 financial report, the organization’s annual salary costs totaled $4.8 million—yet its actual work output amounted to just disbursing $10 million in funds. By contrast, the Optimism Grants Council’s staff costs hit $2.6 million while managing a $63.5 million grant budget. The crypto community has noted Uniswap’s executive compensation is on par with Optimism’s entire grants team, but its fund disbursement is only 20% of the comparison. This has spurred calls for UNI holders to demand the foundation justify its value, and ignited a broader debate over DAO efficiency.

Uniswap Whale Bets $12.68M Worth of UNI on WhaleDAO Proposal Prior to Submission

December 24th — Per on-chain analyst Ai Auntie’s (@ai_9684xtpa) monitoring, the whale/institution that staked UNI ahead of the Unification proposal submission continues to accumulate the token. Over the past 6 hours, the address has withdrawn another 2,179,487 UNI from Coinbase (valued at $12.68 million). As of press time, the address holds a total of 3.629 million UNI ($20.02 million), with an average withdrawal price of $5.51 — netting a $740,000 profit. Notably, the possibility that the address belongs to Coinbase for wallet management purposes cannot be ruled out.

Uniswap's "Burn 1 Billion UNI" Proposal Implemented Ahead of Schedule, On-chain UNI Whale's Maximum Long Position Scores 156% Unrealized Gain

Uniswap 'Initiate Fee Switch Proposal' Final Governance Vote Has Officially Begun

Uniswap’s final governance vote on its “Fee Switch Activation Proposal” has officially kicked off, per the protocol’s official website. The vote launched on December 20th and is set to conclude at 2:11 AM Beijing time on December 26th. Earlier reports note that if the proposal passes, a 2-day grace period will follow, after which: - 100 million UNI tokens will be burned; - Fee switches for Uniswap v2 and v3 will activate on the mainnet; - Burning of UNI tokens and Unichain fees will commence.

Uniswap Founder: "Uniswap Launch Fee Switch Proposal" Enters Final Governance Vote Phase

On December 18, Uniswap founder Hayden Adams took to social media to announce that the protocol’s **Fee Switch Proposal** has entered its final governance voting phase. Voting kicks off at 10:30 p.m. Eastern Time on December 19 and wraps up on December 25. If approved, a 2-day timelock will precede two critical actions: burning 1 billion UNI tokens, and activating fee switches for Uniswap v2 and v3 on mainnet. This will launch ongoing UNI token burns and Unichain fee-related initiatives.

Stable Swap has been integrated into Stable, combining features from both Uniswap V2 and V3 versions.

On December 16, Stable Swap—a Uniswap fork protocol deployed by blockchain dev service provider Protofire—was integrated into Stable, bringing Uniswap V2 and V3 functionality to the platform.

Uniswap V3 CCA First Auction Concludes, Total Bids Reach $59 Million, Funds to Be Used to Provide Initial Liquidity for v4 Pool

Uniswap founder Hayden Adams announced on December 8 that the protocol’s first Continuous Clearing Auction (CCA) has concluded, with total bids reaching $59 million. Notably, the auction featured no sniping, bundling, or time-based tactics. Adams emphasized the process was slow, transparent, and focused on fair price discovery: the final price was 59% higher than the floor price, and bidders had several days to place bids for a better average price. Even a $10 billion fully diluted valuation (FDV) bid on the first day would not have resulted in overpayment, he noted—instead, bidders would secure a dollar-cost averaging (DCA) price between the floor and final clearing price. Most funds raised from the auction, along with token reserves, will be used to provide initial liquidity for Uniswap v4 pools, serving as the primary secondary market liquidity source. As previously reported by BlockBeats, Uniswap launched its CCA protocol on November 13 to support liquidity provision for t

Uniswap Founder Accuses Citadel of Trying to Weaponize the SEC Against DeFi Developers

On December 4th, Uniswap founder Hayden Adams took to social media to state that Citadel Securities CEO Ken Griffin—who previously intervened in Constitution DAO—is now pushing the U.S. SEC to regulate DeFi protocol developers as centralized intermediaries. Adams noted that Citadel has long lobbied behind the scenes, and sarcastically dismissed the firm’s claim that DeFi cannot deliver "fair access" as absurd, reflecting traditional market makers’ rejection of open-source, decentralized liquidity mechanisms.

Uniswap Adds Support for Monad Mainnet

On November 27th, Uniswap Labs announced in a tweet that it has added support for the Monad mainnet, enabling users to carry out cross-chain swaps and token exchanges on the Uniswap application.

Uniswap: The "Liquidity Mining V3" proposal contract has been deployed to the Ethereum mainnet, ready for on-chain voting

On November 26th, Uniswap declared that the "Uniswap Governance Fee Switch" proposal contract had been deployed onto the Ethereum mainnet and was ready for on-chain voting. A maximum of $15.5 million would be allocated to reward security researchers who identified critical vulnerabilities.

Uniswap Community Proposes "Uniswap Launch Fee Switch" Sanity Check Proposal

On November 23rd, based on the information on the official website, the Uniswap community has reached a 100% quorum on the "Uniswap Governance Proposal Threshold Check for Uniswap Fee Switch Activation" proposal. After this proposal was passed, a full on-chain vote will be carried out.

Uniswap Foundation Q3 Financial Report: Holds 15.3M UNI

On November 20th, the Uniswap Foundation disclosed its unaudited financial summary for the quarter ending September 30th. This summary includes $54.4 million in US dollar cash and equivalents, 15.3 million UNI tokens, and 241 ETH. Based on the closing price as of September 30, 2025, the value of the token holdings amounted to $1.166 billion. By the end of the third quarter of 2025, the Foundation had accumulated operating expenses of $6.6 million. It had also realized $141.4 million in donations, dividends, and interest income. Among this amount, $2.5 million was spent in a single quarter, generating $0.5 million in revenue. The operating cycle is anticipated to continue until January 2027. The funds are allocated as follows: a total of $1.083 billion for grant commitments and incentive funds, with $92.4 million allocated for commitments between 2025 and 2026, and $15.8 million set aside as a reserve for unpaid early commitment grants. $32.6 million is allocated to cover operating exp

Zora: Injected $11 Million Liquidity into Uniswap v3's ZORA-USDC Pool

On November 19th, Zora made an announcement, stating, "As of today, we have injected $11 million in liquidity from the treasury into the ZORA-USDC pool on Uniswap v3."

「Uniswap Fee Switch Proposal」 Temperature Check Vote Currently at 100% Support, Voting to End on the 23rd

On November 19th, according to official channels, the "Uniswap Launch Fee Switch Proposal" initiated by Uniswap founder Hayden Adams has temporarily obtained 100% support in a temperature check vote. Additionally, the vote has met the quorum requirement and will conclude on the 23rd. If this vote is successful, a full on-chain vote will be carried out.

Uniswap Founder: "Proposal for Uniswap Fee Switch Launch" Temperature Check Vote Submitted

On November 18th, Hayden Adams, the founder of Uniswap, announced that he has submitted the "Uniswap Governance Proposal to Enable the Fee Switch" for a temperature check vote. If this vote is successful, the only subsequent step is to carry out a full on-chain vote.

The "Uniswap Launch Fee Switch Proposal" will enter the snapshot voting phase tomorrow

On November 17th, based on the timeline of the "Uniswap Launch Fee Switch Proposal", the proposal is set to enter a 5-day snapshot voting period starting from tomorrow. Subsequently, there will be a 10-day on-chain voting and execution phase.

Uniswap has launched the Continuous Liquidation Auction protocol (CLA), designed to bootstrap liquidity and distribute tokens upon the launch of Uniswap v4

On November 13th, Uniswap made an announcement. "Token distribution often occurs behind the scenes, resulting in information asymmetry and giving an advantage to a few players. Now, we are introducing the Continuous Clearing Auction Protocol." CCA is a customizable protocol designed to initiate liquidity and token distribution on Uniswap v4. This protocol was developed in collaboration with Aztec, which provided a ZK Passport module to enable private and verifiable participation.

Uniswap founder Hayden Adams has posted his first tweet on Zora, with his account's token reaching a market cap of over $2 million.

On November 13th, Hayden Adams, the founder of Uniswap, announced that he has posted his first tweet on Zora with the aim of "celebrating his first governance proposal". According to GMGN market information, the account token "hayden" of Hayden Adams on Zora is currently valued at $2.4 million and has a trading volume of $4.4 million. His first tweet's "Unification" is currently valued at $975,000 and has a trading volume of $590,000. BlockBeats reminds users that the prices of related tokens are highly volatile, and users should be cautious when making investments.

Trader Eugene: Uniswap Fee Switch On Benefits DeFi, Crypto Market Future Will Be More Aligned With Traditional Stock Market

On November 12th, trader Eugene Ng Ah Sio posted on his personal channel and said, "In the discussion about Uniswap's fee switch, there is a 'can't see the forest for the trees' situation. We are seeing how a pro-encryption regulatory framework is altering the protocol-level value accrual strategy, which will ultimately benefit token holders." This is a highly positive development for the entire DeFi industry and sets a referenceable precedent for future protocols. As insider selling gradually decreases, active market participants will be able to more accurately value these protocols based on fundamental factors. At that time, the crypto market will have less of a casino-like atmosphere and more of the characteristics of a traditional stock market.

Analysis: Uniswap's Fee Switch-On Could Make Many Front-Running Pools on the Basechain "Vanish"

On November 11th, the data analyst jpn memelord stated that a significant effect of Uniswap's fee switch is to cause fraudulent pools (such as honeypots and automated rugs, etc.) to disappear within a single night. This is because these pools rely on a protocol fee of zero. According to rough estimates, approximately half of the Uniswap volume on Base falls into this category. Unofficial and unfiltered data indicates that in 2025, the Uniswap volume on Base is $208.07 billion. However, after applying certain filtering conditions, the non-fraudulent volume is only $77.38 billion.