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Uniswap Executes 100M UNI Burn as Fee Switch Goes Live

Protocol revenue now funds ongoing token burns to link UNI’s value to network usage.

Overview

  • The protocol permanently destroyed 100 million UNI in a single on‑chain transaction on Dec. 28, initiating the new fee‑to‑burn flow.
  • The UNIfication vote passed with 125,342,017 UNI in favor versus 742 against, clearing the way for activation of protocol fees.
  • Fees are now active for v2 and select v3 pools on Ethereum, Unichain fees will route to burns after costs, and Uniswap Labs set interface fees to zero.
  • Circulating supply stands near 730 million UNI after one of DeFi’s largest supply cuts, with price and trading volume rising in the following 24 hours.
  • The Uniswap Foundation established a 20 million UNI Growth Budget to fund development and ecosystem expansion.