Uniswap has executed a 100 million UNI token burn worth about $596 million, following overwhelming community approval of the UNIfication governance proposal on December 25. The vote passed with 99.9% support, enabling protocol fees and transforming UNI into a value-accruing asset tied to exchange activity. The burn removes tokens permanently from circulation, aligning token economics with platform usage. The plan includes a retroactive burn reflecting potential fees since 2018, with changes to be implemented after a timelock period.