Key TakeawaysThe burn stems from the “UNIfication” proposal, which secured overwhelming approval during a governance vote conducted on December 19-20.Token holders cast more than 125 million UNI in support of the measure, while opposition totaled merely 742 tokens—a 99.9% approval margin that reflected near-unanimous consensus.Leading DEX protocol Uniswap has finalised a landmark token burn that permanently removed 100 million UNI tokens from circulation, executing a governance decision that fundamentally reshapes the protocol’s economic model and treasury management approach.The burn transaction was processed early Saturday morning at approximately 4:30 UTC on December 28, as per blockchain data tracked by analyst EmberCN. At prevailing market rates, the destroyed tokens represented roughly $596 million in value.This action followed a mandatory two-day governance timelock period. The waiting period allowed community members to verify the implementation details before irreversible changes took effect.The burn stems from the “UNIfication” proposal, which secured overwhelming approval during a governance vote conducted on December 19-20. Token holders cast more than 125 million UNI in support of the measure, while opposition totaled merely 742 tokens—a 99.9% approval margin that reflected near-unanimous consensus. Voting commenced at 3:50 UTC.Uniswap Labs verified the successful execution through its social media account, declaring that “UNIfication has officially been executed onchain.” The company simultaneously also announced it had eliminated interface fees previously charged to users, effectively removing a revenue stream in favor of protocol-level fee collection.The restructuring activates fee mechanisms for Uniswap v2 and selected v3 liquidity pools operating on Ethereum’s main network. Revenue generated through Unichain, Uniswap’s Layer 2 solution, will be channeled toward future token burns once operational expenses for Optimism infrastructure and Layer 1 data availability are covered.Additional fee sources remain on the horizon. Protocol fees from Layer 2 deployments, the upcoming v4 version, UniswapX, PFDA implementations, and aggregator hooks will be addressed through separate governance proposals as development progresses. This staged approach allows the community to evaluate each component independently rather than bundling all changes into a single vote.Market response proved positive. UNI appreciated more than five percent during the 24 hours following the burn, accompanied by increases in both trading volume and overall market capitalization, per CoinMarketCap metrics. The token’s circulating supply now registers approximately 730 million UNI against a maximum supply cap of one billion tokens.Meanwhile, the Uniswap Foundation clarified that treasury reduction would not compromise its developer support initiatives. Foundation representatives emphasized that grant programs funding protocol builders would continue operating without interruption, maintaining developer relations as a strategic priority.To reinforce this commitment, the foundation also outlined plans for a Growth Budget allocating 20 million UNI tokens. This fund will finance development projects and ecosystem expansion efforts across the broader Uniswap network, ensuring technical innovation continues despite the reduced treasury holdings.Bloomberg is Being sued for Defamation by Binance’s CZAustralian Police Seizes Crypto Worth $1.2 MillionKuCoin vs Coinbase: Which is the Best Crypto Exchange Platform?Societe Generale receives First Crypto License in France