Uniswap founder Hayden Adams said the annualized value of UNI burned had surpassed $250 million, reaching about $263 million based on the previous seven days' pace. That run rate rose from roughly $200 million within days as decentralized-exchange activity increased, but it is not a completed full-year total and can change quickly with trading volume. UNI was trading near $7.00 after starting June at about $2.47. The burn mechanism stems from Uniswap's UNIfication governance overhaul, which activated the fee switch, directs part of protocol fees to buy UNI, and sends the tokens to an inaccessible address. Governance approved the proposal in December 2025, followed by execution within days and an upfront burn of 100 million UNI. The plan also includes a 20 million UNI annual growth budget from 2026. A recent one-day burn reached 184,000 UNI worth about $1.15 million, with roughly 150,000 tokens linked to Robinhood Chain, which had surpassed $3 billion in daily decentralized-exchange volume. Adams said the pace had been reached before a bull market, while bitcoin remained below $80,000 in September and ether traded in a narrow range.