Uniswap Burns $596M UNI as Vote Changes Tokenomics
Uniswap recently executed a 100 million UNI token burn, permanently removing approximately $596 million worth of tokens from circulation.
Summary
- Uniswap permanently burned 100M UNI after a 99.9% governance vote passed UNIfication.
- Protocol fees are now live while interface fees remain zero
- UNI jumped 19% during voting and rallied another 6% following the burn.
The burn followed overwhelming community approval of the UNIfication governance proposal, which passed with 99.9% support on December 25.
UNI (UNI) rallied 6% over the past 24 hours, trading in a range of $5.89 to $6.35. The token surged 19% when voting commenced on December 19-20 as institutional and…
