mostsearched

For five years, "when fee switch?" was a joke.
Then it happened. 100M UNI burned. Fee switch live.
And the price still fell.
Not overnight. It bled for months, from about $5.80 when the vote passed to around $3.40 by August.
That is strange, because UNI used to be the most famous token that captured nothing. More than $1B in fees a year, and holders got one thing: a vote.
This time the vote was not even close. 125.3M in favor, 742 against. The treasury burned 100M UNI in one go, which is 10% of the original 1B supply.
Most people expected a moonshot. They got a slide.
Why?
My guess: the market had heard "the fee switch is coming" for so long that it stopped believing it. It did not want a vote. It wanted proof.
And the proof came slowly.
On July 27, the fee switch reached v4 pools. In one snapshot, daily protocol revenue went from about $114K to about $325K.
By September 9, Hayden Adams said the burn rate, if it kept going for a full year, would pass $250M.
UNI then climbed to about $6.56 in mid-September. That is roughly 91% above the August low.
How it works, simple version:
Every swap → fees collected → TokenJar buys UNI on the open market → UNI is burned forever → less supply.
Nobody has to vote every week. The more people trade, the more UNI disappears.
That is why I keep saying: the burn story lives and dies on trading volume.
But let me be honest about what this is NOT.
UNI is not a dividend token. Uniswap's own developer docs say holders have no direct claim on protocol revenue. Value comes only through burns, and whatever governance approves later.
What I am watching:
Volume: does trading stay strong when the market goes quiet? Less trading means less burn.
Competition: do aggregators and new DEXs pull liquidity away from Uniswap?
Price vs. burn: at roughly a $4B market cap, $250M a year of burns is about 16x. Cheaper than before, still not cheap. (My own estimate. Check the live market cap.)
Governance: does the DAO keep the switch on, or does someone try to change it later?
The market did not reward the announcement. It rewarded the numbers, months later.
So what is UNI now? A real value-accrual story, or a good story that ran too fast? Tell me below 👇
$UNI $ETH $BTC #Uniswap #UNI #DeFi #Write2Earn #mostsearched
Not financial advice. DYOR.

Someone posted Helium's Q1 burn chart with the caption "deflationary flip, wen moon." That's the wrong question. The right question is what happens to that flip over the next 36 months — and the answer isn't as clean as the chart makes it look.
Helium generated $24M in on-chain revenue in January 2026, with monthly revenue hitting $2.5M by March. In Q1, network burn overtook new $HNT issuance for the first time — a real deflationary inflection, not a narrative one. HeliumOS launched September 1, a full-stack platform for telecom carriers, with Affinity Ventures (which runs Noble Mobile/Helium Mobile) as its first customer. HIP-150, passed September 2, ties deployer earnings directly to network usage.
But—
$HNT is already up ~174% over the past 30 days. And HIP-149 just approved 141 million new HNT to be issued over the next 36 months, with 50% of that front-loaded into the first half. Daily issuance goes from ~20,548 HNT to as much as ~193,151 HNT.
The burn-over-issuance flip that everyone's celebrating right now was measured before this new issuance schedule kicks in. Whether HNT stays deflationary depends entirely on whether usage growth outruns that issuance curve — and that's not guaranteed, it's a race.
HNT's core economics run on carrier-offload data credit burn. Helium Mobile's retail subscription revenue — the part normal people actually pay for — belongs to Nova Labs, a separate private company. It doesn't flow to HNT holders directly. The token's health depends on network usage, not on Helium Mobile's subscriber growth.
A deflationary flip you read about after a 174% rally isn't a signal to buy — it's a signal to check whether the next 36 months of supply can still keep the promise the last 90 days made.
Not financial advice. HNT price/market cap data has varied significantly across sources — verify live figures before acting.
$HNT #DePIN #Helium #mostsearched #Sulaiman零号猎人