Uniswap has just shattered a historic record by burning 134,000 UNI in 24 hours. A first which revives speculation on the future of DeFi. Between deflationary mechanisms and market rebound, could this massive burn mark a turning point for Ethereum and its crypto investors?
In brief
- 134,000 UNI burned in 24 hours via Uniswap's UNIfication mechanism.
- Immediate increase in the price of UNI after the Burn announcement, going from $4.95 to $9.25 in one week.
- Uniswap remains the leader in DEXs with $2.86 billion in TVL and a promising deflationary mechanism.
134,000 UNI tokens burned by Uniswap in one day!
Uniswap has just set a new record by burning 134,000 UNI tokens in just 24 hours, thanks to its UNIfication mechanism. This process, launched in late 2025, allows crypto users to claim protocol fees by first burning an equivalent value in UNI via the Firepit contract. The burned tokens are then permanently removed from circulation via an Oxdead address on Ethereum.
This record comes against a backdrop of increased activity on the Uniswap ecosystem, with a reduction in circular supply immediately attracting the attention of the markets. After the UNIfication proposal was announced, the price of UNI jumped from $4.95 to $9.25 in a week, proving that investors are responding positively to the increased scarcity of the crypto token. This mechanism, now extended to 11 blockchains (including BNB Chain, Polygon and Celo), strengthens the long-term value of UNI while boosting the DeFi ecosystem.
Crypto: Uniswap is coming back to life thanks to this burn… will the rise continue?
The massive burning of 134,000 UNI Did it signal the return to grace of Uniswap? The signs are encouraging. Indeed, despite a current price of $2.47, far from its ATH of $44.97 in 2021, the protocol displays remarkable resilience. Additionally, with $2.86 billion in TVL and $882 million in annual fees, Uniswap remains the undisputed DEX leader.
Additionally, recent updates (integrated wallets, cross-chain exchanges) and multi-chain expansion could attract new users, boosting demand for UNI. However, continued volatility and increased competition temper optimism. Therefore, if activity continues, the deflationary mechanism could support a lasting increase in prices. But the question remains… Has DeFi really come out of the crypto winter?
This historic record of 134,000 UNI burned proves that Uniswap remains a key player in DeFi. But, will it be enough to sustainably revive UNI and Ethereum? One thing is certain, the battle for DEX dominance is far from over in the crypto market. And you, do you believe in the rebound of DeFi?
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