Uniswap UNIfication passes 26 Dec 2025; 100M UNI burn, fees live; $8.4 or $4.5?

On 26 December 2025, Uniswap’s UNIfication proposal passed with about 125 million UNI in favor and 742 against. After a two-day timelock, Uniswap Labs is set to burn 100 million UNI and activated protocol fees on Uniswap v2 and v3, with fee capture tied to Unichain. Market reaction remained cautious despite the structural milestone.