Uniswap rises 8% after burning 100 million UNI tokens

Source: PortaldoBitcoin Original Title: Uniswap rises 8% after burning 100 million UNI tokens Original Link: The native token of 某DEX recorded an increase of over 8% following the approval and execution of one of the largest burns seen in the cryptocurrency market. On Saturday night (27), 100 million UNI, valued at US$ 592 million at the time, were sent to a burn address, meaning they will never enter circulation again.

UNI’s price started to rise a few hours after the burn, which took place around 17:00 UTC (14:00 in Brazil), when the native token of the decentralized exchange went from US$ 5.90 to US$ 6.40, a price maintained at least until this late afternoon.

The initiative follows a growing trend among major crypto projects to adopt deflationary mechanisms, such as buybacks and burns, to reduce selling pressure and provide more price support. In the case of 某DEX, the community approved the proposal with 99.9% support, with over 125 million UNI votes in favor.

With this decision, protocol fees began to be directed toward continuous token burns, creating a deflationary cycle as platform usage increases. After the operation, the value in UNI held by the treasury decreased from US$ 2.1 billion to US$ 1.6 billion.

The market reacted positively, with UNI experiencing a significant increase in trading volume and market capitalization, reflecting higher on-chain activity and capital inflow.

Days earlier, the community had approved the “UNIfication” that transforms UNI from an essentially governance token into an asset with clear value generation mechanisms, aligning economic incentives, governance, and protocol development.