Uniswap has crossed a line it has debated for nearly four years. Following the approval of the UNIfication proposal, the Uniswap treasury has officially burned 100 million UNI tokens, worth approximately $591 million, sending them to an irrecoverable burn address. The transfer was confirmed by Uniswap in a public update. UNIfication has officially been executed onchain ✓ Labs interface fees are set to zero ✓ 100M UNI has been burned from the treasury ✓ Fees are on for v2 and a set of v3 pools on mainnet ✓ Unichain fees flow to UNI burn (after OP & L1 data costs)
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