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Decentralised exchange Uniswap has permanently removed 100 million UNI tokens worth roughly $596 million from its circulating supply following a decisive governance vote that passed with overwhelming support from token holders. The burn represents one of the largest single token removals in the decentralized finance (DeFi) to date and marks a significant shift in the protocolâs economic architecture. Source: Etherscan Governance Overhaul and Tokenomics Shift The milestone followed the approval of the âUNIficationâ proposal, a governance initiative to activate Uniswapâs longâanticipated fee switch mechanism. The vote concluded with approximately 99.9âŻ% of participating UNI holders in favour, with over 125
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