#Uniswp has burned 100 million UNI tokens (around $596M) after a governance proposal was approved with 99.9% of votes.
This update enables the protocol fee mechanism, where a portion of trading fees is directed to the protocol.
Uniswap has set interface fees to zero, keeping the focus on protocol-level changes.
Following the update, UNI price showed steady movement during and after the voting period.
(Informational only, no price prediction or financial advice.
UNI
6.181
+5.91%