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Uniswap burns $590K worth of UNI tokens in a single day, setting a new record.

Protocol Fundamentals
22 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

On August 21, Uniswap burned approximately 150,000 UNI tokens valued at $590,000, marking a new daily record. This burn is part of Uniswap's fee switch mechanism, which uses trading fees to buy and burn UNI tokens, reducing supply and creating deflationary pressure. The fee switch, activated in December 2025, has significantly increased token burns, with annualized rates reaching over 16.5 million UNI. Continued expansion of the fee switch to more pools and fee sources suggests this deflationary trend may strengthen, although it depends on sustained trading volumes in the DeFi market.

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