Uniswap is exploring several major feature additions that could be implemented in the near future:

• Advanced Order Types: Limit orders and time-weighted average market orders (TWAM) are being developed to give traders more control over execution.
• Layer 2 Expansion: Deeper integration with various Layer 2 scaling solutions, including optimizations specific to each L2 environment.
• Cross-Chain Functionality: Expanding beyond Ethereum and its L2s to other ecosystems, with possible deployments on Solana, Cosmos-based chains, or other high-performance networks.
• Enhanced Mobile Experience: Significant updates to the Uniswap wallet with more comprehensive trading and portfolio management features for mobile users.
• Protocol-Owned Liquidity: Strategies for the protocol to deploy treasury assets to strategic liquidity positions, potentially generating sustainable revenue streams.

The exact prioritization will be determined through the governance process, with technical feasibility, security considerations, and community demand all factoring into implementation timelines.

Uniswap is addressing scaling challenges and high gas fees through a multi-faceted approach:

• Layer 2 Deployment Strategy: Uniswap has already deployed on leading L2s including Optimism, Arbitrum, and Base, and continues to optimize these implementations specifically for each L2's characteristics.
• Gas Optimization Research: Ongoing smart contract optimization efforts focus on reducing the gas consumption of common operations, with specialized versions for different execution environments.
• Batch Operation Enhancements: Enabling users to perform multiple actions in a single transaction to amortize fixed gas costs across several operations.
• Cross-Rollup Liquidity Coordination: Working toward solutions that allow liquidity to be efficiently shared or bridged between different L2 environments.
• EIP Participation: Contributing to Ethereum improvement proposals that reduce base layer costs, such as EIP-4844 (proto-danksharding) which will significantly reduce L2 transaction costs.

These strategies collectively aim to make Uniswap accessible to a broader range of users regardless of transaction size or network congestion.

The protocol fee switch activation remains one of the most significant governance decisions facing the Uniswap community:

• Current Status: The fee switch remains deactivated, with 100% of trading fees directed to liquidity providers.
• Potential Implementation: If activated, the fee switch would direct a portion of trading fees (up to 0.05% of trading volume) to the protocol treasury instead of liquidity providers.
• Governance Considerations: Activation requires careful analysis of competitive implications, liquidity provider incentives, and regulatory considerations.
• Phased Approach: A likely implementation would involve a gradual or partial activation, potentially starting with specific fee tiers or trading pairs.
• Alternative Models: Governance is also exploring other sustainable funding mechanisms that might complement or replace the fee switch concept.

The fee switch represents a significant potential value accrual mechanism for UNI token holders, but activation timing will depend on market conditions, competitive positioning, and governance consensus.

Uniswap is developing a nuanced approach to the evolving regulatory landscape:

• Protocol Neutrality: Maintaining the core protocol's permissionless and decentralized nature while developing optional compliance layers.
• Modular Compliance: Building interface-level compliance options that can be selectively implemented based on user jurisdiction and requirements.
• Proactive Engagement: Participating in policy discussions and industry working groups to help shape appropriate regulatory frameworks for DeFi.
• Governance Adaptation: Evolving the governance structure to balance decentralization with the ability to respond to regulatory developments.
• Education Initiatives: Supporting efforts to increase regulatory understanding of DeFi's unique characteristics and potential benefits.

The strategy emphasizes preserving the core values of decentralization while acknowledging the reality of an increasingly regulated environment. This balanced approach aims to protect the protocol's long-term viability while continuing to serve the global user base.