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Uniswap’s native token, $UNI, reached a new record for daily burn value. According to data, approximately $590,000 worth of $UNI was burned on August 21st (yesterday). This figure represents the highest daily $UNI burn amount ever recorded in dollar terms.
The largest portion of the burn occurred on the Ethereum network. Approximately $267,000 worth of $UNI was removed from circulation on Ethereum, $165,000 on Base, and approximately $87,000 on Robinhood Chain. Including burns on other networks, the total daily value approached $590,000.
In terms of token volume, approximately 150,000 $UNI were burned on August 21st. This amount stands out as the second highest daily burn in $UNI terms recorded on the date.
The data shows that the $UNI burning mechanism has accelerated significantly recently, with activity spreading across different networks.
$UNI’s price has risen 6.88% in the last 24 hours, but it is still trading 90.7% lower than its all-time high of approximately $45.
*This is not investment advice.
u.today
cryptoslate.com