Uniswap Activates Historic Fee Burn, Burns 100 Million UNI Tokens Worth $591 Million

Uniswap has burned 100 million UNI tokens, worth $591 million, to reduce its circulating supply and tighten token economics. The burn represents 10% of UNI's maximum supply, and the remaining 269 million UNI will still be held in the treasury. This move follows the approval of the UNIfication proposal, which activates protocol fees and redirects value to UNI holders. The market reaction has already begun, with UNI rallying roughly 25% during the voting period.