The Uniswap Foundation has launched a new proposal to expand the scope of protocol fees and UNI destruction.

CoinFeed reported on May 23 that Uniswap founder Hayden Adams stated that Uniswap's protocol fee mechanism is already running on 9 blockchains and is designed to burn UNI. The Uniswap Foundation has initiated a new proposal to extend the protocol fee mechanism of V2 and V3 to BNB Chain, Polygon, and Celo. This move will further increase the amount of UNI burned, reducing the total supply of UNI.