The Uniswap token saw its highest-ever daily burn value, driven by activity across Ethereum, Base, and Robinhood Chain.
Uniswap’s UNI token reached a milestone on August 21, with a record $590k burned in a single day. The burn was distributed across multiple chains, including $267k on Ethereum, $165k on Base, and $87k on Robinhood Chain.
In token terms, 150k UNI were destroyed, marking the second-largest daily burn in UNI’s history. The previous high in USD terms was not disclosed, but the surge reflects heightened on-chain activity.
The burn mechanism reduces UNI supply, potentially impacting token scarcity and valuation over time.