Uniswap burns 134,000 UNI in record daily high.
Article excerpt
Uniswap burns 134,000 UNI in record daily high. Uniswap has recorded its largest daily UNI burn under the UNIfication mechanism as Hayden Adams renewed his bullish view on DeFi and Ethereum. The creator of Uniswap said on X that he is "extremely bullish on DeFi and Ethereum," comparing current market sentiment to the 2018 bear market that preceded Uniswap's launch. Adams explained that Ethereum sentiment was also very low during that cycle, but builders used the period to create products that later helped drive the DeFi summer of 2020. Record daily burn. The UNI Burn Bot reported that 134,000 UNI tokens were burned in one 24-hour period, setting a new daily high for the UNIfication program. The record came one day after trackers showed stronger burn activity tied to fees collected through Uniswap's on-chain contracts. Under UNIfication, protocol fees are first collected and held in TokenJar contracts. Users who want to claim those fees must burn an equal value of UNI through a contract called Firepit. After the process is completed, the burned UNI is sent to Ethereum's 0xdead address, removing the tokens from circulation permanently. Uniswap Labs and the Uniswap Foundation approved the UNIfication plan in late 2025. After the proposal was announced, UNI rose from $4.95 to $9.25 within one week, based on the figures cited in the proposal's market reaction. Proposal 96...
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Uniswap Labs also announced four product updates that focus on user access across chains.
