Odaily Planet Daily reports that, according to Hayden Adams, as the market recovers, Uniswap’s weekly UNI burn has reached a new all-time high, with an annualized burn of 31 million UNI, valued at approximately $113 million, and still rising. Hayden Adams noted that the team continued building during the bear market and is now seeing early results in the bull market.
Uniswap Weekly UNI Burn Reaches Annualized 31 Million Tokens
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Summary
Uniswap’s weekly UNI token burn reached a new high, with an annualized rate of 31 million tokens, valued at approximately $113 million. The burn rate continues to rise as the crypto market shows signs of recovery. Hayden Adams noted that the team has consistently built through the bear market and is now seeing results in the current bull phase. Market analysis indicates that strong on-chain activity supports the project’s long-term growth.
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