According to Techub News, Hayden Adams, the founder of Uniswap, announced on X that the protocol's fee-burning volume has reached a new all-time high. The 30-day annualized burn has surpassed $100 million for the first time, while the 7-day annualized burn has climbed to $150 million. The protocol's fee-burning mechanism is designed to reduce the total supply of UNI tokens, which is intended to strengthen the token's value-capture capability. This latest figure sets a new historical record for this metric, according to Adams' post. The 30-day figure is notable as it marks the first time the metric has crossed the $100 million threshold, while the 7-day annualized rate suggests a run rate of $150 million per year. These milestones reflect the protocol's ongoing deflationary mechanism, which permanently removes fees from circulation. As the burn volume grows, the total UNI supply may shrink over time, as per the stated purpose of the mechanism.
Hayden Adams, Uniswap’s founder, said in a post on X that the protocol’s fee-burning volume just hit a record. Big one. For the first time, the 30-day annualized burn rate moved past $100 million, and the 7-day annualized burn came in at $150 million.
The fee-burning setup is meant to shrink UNI’s total supply, which helps the token capture more value. Adams said this figure reset the metric’s historical high.
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