Uniswap’s UNI token burn hit a new all-time high on August 21, with approximately 150,000 tokens worth $590,000 permanently removed from circulation in a single day. This record surpassed previous milestones of 134,000 UNI burned on June 5 and 106,000 UNI on July 30. The fee switch mechanism, activated in December 2025, routes a portion of trading fees to smart contracts that automatically buy UNI on the open market and then burn it. Annualized burn rates have climbed to approximately 16.5 million UNI in recent 30-day rolling periods. This evolution transforms UNI from a simple governance token into a deflationary asset whose supply shrinks in direct proportion to trading activity.
Source: Read the original article
