ZRO fee switch failed governance twice. token holders capture $0 from $50b quarterly messaging volume until june vote passes. today's unlock dumps 25.7m tokens into a market pricing in flawless execution of L1 launch + fee switch + dtcc adoption. three binary bets at $2. alameda still has 7m to sell. ...

Core Insights - Uniswap tokenholders are voting on proposals that could provide access to millions in additional monthly revenue through a fee switch mechanism [1][2] - The price of Uniswap's token, UNI, has increased by 9% over the past week, outperforming Bitcoin and Ethereum, which fell by 3.5% and 2.4% respectively [1] Group 1: Fee Switch Mechanism - The proposals aim to activate Uniswap's fee switch on two versions of the protocol across eight layer 2 blockchains, directing at least one-sixth of fees from liquidity providers to a token jar for investors who burn UNI tokens [2] - The fee switch has been operational on v2 and major v3 trading pools on Ethereum since late December, generating a cumulative revenue of $3.3 million [3] - The proposal also seeks to activate the fee switch on all remaining v3 pools on Ethereum, which could potentially double the revenue generated [4] Group 2: Performance Metrics - Base has surpassed Ethereum as the leading fee-generating blockchain for Uniswap in 2026, with traders paying $55 million in fees since January 1, compared to $37 million on Ethereum [4] - Uniswap is the largest decentralized exchange, processing transactions worth over $1.7 billion in the last 24 hours and more than $69 billion in the past month [5] - The rollout of the fee switch on Ethereum has been deemed successful, with an increase in user deposits despite a decline in dollar terms due to the drop in Ether's value [5][6] Group 3: Token Dynamics - The fee switch proposal has led to the burning of nearly 100 million UNI tokens, which would have been removed from circulation since Uniswap's inception had the fee switch been implemented earlier [7] - Despite the positive developments, UNI has seen a significant decline of 59% to $3.74 since the proposal of the fee switch [6]

Core Insights - Ethena Labs' products are performing well, with three products in the top 50, including its stablecoin USDe in the top 20 and ENA at 41st position [1] - ENA price is currently around $0.70, down 15% in the past week but up 230% year-to-date, indicating strong overall performance despite recent volatility [2] - Ethena's total assets under management have surged to over $13.8 billion, more than doubling since early July 2025 [3] - The revenue for Ethena in Q3 2025 reached $8.63 million, a significant increase from $1.15 million in Q2 2025, reflecting the growth in total value locked [4] - Analysts are optimistic about ENA's price potential, with a bullish trend noted since early July and a target of $1 if it breaks above $0.90 [5][6] - A recent announcement of a fee switch aims to convert ENA into a yield-bearing asset, allocating a portion of revenue to ENA stakers [7] - Previously, fees from delta-neutral strategies were reinvested into ENA buyback and ecosystem growth [8]

RT Crypto Stream (@CryptoStreamHub)It looks like 4 out of 5 conditions are met for the fee switch; only Binance and OKX are missing. https://t.co/ekRYZ8sDw0 ...