Uniswap Labs burned 100 million UNI tokens worth $600 million, part of a governance plan to link protocol revenue to token value. The move under “UNIfication” transitioned from fee retention to sustained token burns. This deflationary setup aims to reduce UNI’s circulating supply and increase scarcity. Market response was positive, with UNI rising over 6% to $6.38. Uniswap leads decentralized exchange trading, processing over $60 billion in volume across 40 blockchain networks.

Read more at Yahoo Finance: Uniswap Triggers Deflationary Loop with $600 Million Treasury Contraction