Uniswap’s community just voted to expand its $UNI fee burn mechanism to BNB Chain, Polygon, and Celo, with over 18.1 million UNI already supporting the proposal.

The system works by sending trading fees to Ethereum, where UNI tokens are permanently burned, reducing circulating supply over time. If approved, the mechanism will operate across 13 blockchains.

Meanwhile, rising UNI withdrawals from Binance suggest some investors may be accumulating during recent price weakness, reducing available supply on exchanges.