Uniswap Is Serious About Cutting UNI Supply
Uniswap is officially making a big move. Uniswap Labs and the Uniswap Foundation have teamed up to launch a governance proposal that activates protocol fees — and uses them to buy back and burn UNI tokens.
As soon as the news dropped, UNI’s price shot past $9, surging nearly 38% in 24 hours. The market’s reaction? Absolutely explosive.
The proposal, titled “UNIfication,” focuses on reducing circulating supply, transferring key responsibilities from the Foundation to Labs, and closing operations after distributing the remaining $100 million. Even more boldly, Labs declared it will stop charging fees for interfaces and wallets, channeling all value directly to UNI holders.
On-chain metrics confirm the frenzy — UNI’s trading volume and open contract positions have skyrocketed, outpacing both BTC and ETH. The market is clearly recognizing UNI’s deflationary potential and real utility.
If this proposal passes, it could mark a turning point for both Uniswap’s ecosystem and UNI’s long-term price discovery.
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