According to @CoinMarketCap, Uniswap’s new fee switch proposal is live and is driving community analysis of potential impacts for holders and the broader DeFi market. Source: CoinMarketCap. In Uniswap v3, enabling the protocol fee diverts a portion of LP fees to the protocol treasury governed by UNI holders, mechanically reducing LP fee yields while establishing protocol revenue. Source: Uniswap v3 Documentation. Execution depends on governance stages including Snapshot signaling and an on-chain vote that must meet quorum and threshold requirements, so traders should track the vote timeline and parameters. Source: Uniswap Governance Documentation. Any fee activation is configured per pool and can alter liquidity depth and trading costs, which may shift volumes across DEXs and impact UNI-related market flows. Source: Uniswap v3 Documentation.