The post Uniswap burns 100M tokens as ‘UNIfication’ upgrade sends UNI soaring appeared on BitcoinEthereumNews.com.

Uniswap has announced that its fee-burning “UNIfication” upgrade is live onchain. The upgrade has led to the burning of 100 million UNI tokens from its treasury, resulting in a surge in UNI’s price. Uniswap, an Ethereum-based decentralized exchange (DEX), has burned 100 million UNI tokens from its treasury, valued at $635 million. The token burn comes after the protocol’s fee-burning “UNIfication” upgrade went live on mainnet.  According to data from the Ethereum blockchain explorer Etherscan, the burn took place on December 28 at approximately 4:30 AM UTC. The burning transaction marks the first large-scale burn on the ecosystem after the fee-burning proposal passed in a record governance vote.  Uniswap’s ‘UNIfication’ upgrade goes live UNIfication has officially been executed onchain ✓ Labs interface fees are set to zero ✓ 100M UNI has been burned from the treasury ✓ Fees are on for v2 and a set of v3 pools on mainnet ✓ Unichain fees flow to UNI burn (after OP & L1 data costs) Let the burn begin pic.twitter.com/fcr3WY3gPc — Uniswap Labs 🦄 (@Uniswap) December 27, 2025 The proposal received near-unanimous support from its community, clearing the 40 million vote requirement. According to data from the Uniswap Foundation, the proposal received over 125 million votes, with only 742 opposing votes. UNI has surged by 5.4% in the 24 hours, marking a swift recovery from a 12% decline recorded in the last seven days. Data from crypto data aggregator CoinMarketCap shows that the digital asset is up 30% since December 18, after nearly a month of a sell-off, and is currently trading for $6.34.  In November, the proposal’s hype propelled UNI’s price by more than 70% in a single week, accompanied by a surge in whale activity on the protocol that reached a four-year high. According to data from Santiment, Uniswap had…

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Filed under: News - @ December 28, 2025 12:15 pm