UNI JUST STARTED BURNING $263M A YEAR.
Founder of Uniswap Hayden said that if you take the UNI burn rate over the most recent 7 days and annualize it, the amount of UNI burned is equivalent to about $263M per year.
This figure has surpassed the previous $250M/year mark.
Of course, this is an annualized run rate—meaning it doesn’t necessarily imply Uniswap will actually burn $263M worth of UNI over the entire year if the current pace changes.
But still pretty insane:
UNI: “Supply reduction.”
Market: “Cool. Now do something with the price.” 💀
Do you think this burn rate is big enough to have a real impact on UNI tokenomics?
#uniswap $UNI
#defi
Founder of Uniswap Hayden said that if you take the UNI burn rate over the most recent 7 days and annualize it, the amount of UNI burned is equivalent to about $263M per year.
This figure has surpassed the previous $250M/year mark.
Of course, this is an annualized run rate—meaning it doesn’t necessarily imply Uniswap will actually burn $263M worth of UNI over the entire year if the current pace changes.
But still pretty insane:
UNI: “Supply reduction.”
Market: “Cool. Now do something with the price.” 💀
Do you think this burn rate is big enough to have a real impact on UNI tokenomics?
#uniswap $UNI
#defi