Uniswap has activated its fee conversion mechanism, but initial on-chain data indicates daily revenue might only be approximately $3,000, significantly lower than the anticipated $125 million in incentives. Founder Hayden Adams countered the criticism, stating that the current figures only reflect partial fee sources. The UNI token is currently trading at $6.01, experiencing a decline of nearly 6% over the past 24 hours. Investors are also closely monitoring inflation data, which remains a critical factor in market dynamics.