Uniswap votes on burning UNI with Arc fees
- —Uniswap captured about 70% of Arc's DEX volume: $56 million in a day
- —The launch on Arc took place on September 16, network TVL is $344 million
- —Fees from v2, v3 and v4 go to TokenJar, then UNI is burned on Ethereum
- —Arc fees for the day were estimated at $387,000, but this is not protocol revenue
Why it matters: Approval would turn Uniswap's turnover on Arc into a permanent UNI supply-reduction mechanism, which could support the token's price.
Source: Coindoo