Uniswap Burns $596M Worth of UNI in Landmark Supply Reduction

[cryptoenthusiast]

Uniswap has executed a major token burn after the approval of its long-anticipated fee-burning proposal. The protocol permanently removed 100 million UNI, valued at approximately $596 million, from its treasury.

Onchain data shows the burn was completed early on Dec. 28, marking the first large-scale execution of the governance decision passed earlier this week. The move significantly reduces UNI’s supply and stands as one of the largest token burns ever carried out by a decentralized finance protocol.

The burn reflects a broader shift toward value accrual for UNI holders as protocol fees begin flowing into deflationary mechanics.

[chainsniff]

UNI actually become bigger player than other ones

[JanEmil]

Gave boost to price but dropped back to 6$