According to CoinMeta, the unified proposal for Uniswap was passed with a support rate of 99.9%, activating the fee switch and destroying 100 million UNI tokens. Eight months later, the protocol's revenue had reached 23 million US dollars, and it is estimated that the annual destruction volume of ARK Invest is 90 million US dollars. The issue of governance tokens has been plaguing DeFi since the summer of 2020; the tokens distributed by the protocol grant voting rights but do not provide any economic benefits. Uniswap's UNI is a typical example of this failure. The largest decentralized exchange generated hundreds of millions of dollars in annual fees, yet its token holders gained nothing in return. On December 28, 2025, the unified proposal activated the protocol's fee switch, redirecting part of the transaction fees to the purchase of UNI and the permanent destruction of TokenJar contracts. This mechanism generated 23 million US dollars in protocol revenue within eight months and was extended to seven blockchain networks.