Uniswap Burns 100 Million UNI as 99.9% Approve Historic Fee Switch

On-chain records indicate the burn occurred at approximately 4:30 AM UTC, which marks the initial deployment of the UNIfication plan designed to activate protocol fees and initiate regular reductions in UNI supply.

Token holders showed near-unanimous support, with the proposal passing with 99.9% approval. Over 125 million UNI were voted in favor, compared to merely 742 against.

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Uniswap Labs shared a confirmation of the burn on X. The company stated:

UNIfication has officially been executed on-chain.

Additionally, interface fees charged by the protocol were set to zero, while protocol fees were activated on Uniswap v2 $23.05M and selected v3 $306.36M pools on Ethereum ETH $2,350.86 mainnet.

Revenue from Unichain is currently being directed toward UNI burns after covering Optimism $3.78M and Layer‑1 data expenses.

The supply of UNI in circulation currently stands at roughly 730 million, down from the original 1 billion total.

To support ecosystem growth, the Uniswap Foundation has allocated a 20 million UNI growth budget intended for developer funding and platform expansion.

World Liberty Financial, a crypto organization associated with the Trump family, recently suggested allocating 5% of its WLFI token treasury, valued at approximately $120 million, towards the growth of its stablecoin, USD1. What is the goal of the proposal? Read the full story.