Uniswap treasury burns 100 million UNI worth $591 million as deflationary loop begins

The Uniswap community approved the UNIfication proposal with 99.9% support, leading the treasury to burn 100 million UNI tokens valued at about $591 million and redirect future protocol fees toward ongoing burns. Following the move, UNI briefly reached a local high of $6.4 before trading around $6.3 with a 5.2% daily gain, while trading volume and market cap rose in tandem and analysts highlighted potential paths toward $7.2 or a pullback to $5.7 depending on sustained demand.