Uniswap purchased and destroyed 38,000 UNIs yesterday, accounting for only about 2.5% of the total agreement cost

On July 13, Uniswap founder Hayden Adams issued an article stating that according to defillama data, Uniswap's daily fee revenue reached US$5.2 million, second only to Tether and Circle, and far exceeding other protocols and applications such as Hype and Pump. However, data shows that the vast majority of Uniswap protocol fees are distributed to LPs. Dune data shows that on July 13, Uniswap purchased and destroyed 38,000 UNIs on various chains (16,000 Ethereum, 14,000 Base, 4000 Arbitrum, and 4000 BNB chain), worth US$134,000, accounting for only about 2.5% of its agreement fee. However, according to Hayden Adams, there are still three governance proposals currently being voted on (agreement fees for RobinhoodChain, UniswapV4 and Avalanche), which aim to expand the UNI repurchase and destruction system.