A Daily Token Burn Record Was Set Yesterday for an Altcoin—an All

A Daily Token Burn Record Was Set Yesterday for an Altcoin—an All-Time High

Uniswap’s native token, $UNI, reached a new record for daily burn value. According to data, approximately $590,000 worth of $UNI was burned on August 21st (yesterday). This figure represents the highest daily $UNI burn amount ever recorded in dollar terms.

The largest portion of the burn occurred on the <a href="https://xpertsstudio.com/singapores-ryde-adds-bitcoin-ethereum-and-solana-to-treasury/” title=”Singapore's Ryde Adds Bitcoin, Ethereum, and Solana to Treasury”>Ethereum network. Approximately $267,000 worth of $UNI was removed from circulation on Ethereum, $165,000 on Base, and approximately $87,000 on Robinhood Chain. Including burns on other networks, the total daily value approached $590,000.

In terms of token volume, approximately 150,000 $UNI were burned on August 21st. This amount stands out as the second highest daily burn in $UNI terms recorded on the date.

The data shows that the $UNI burning mechanism has accelerated significantly recently, with activity spreading across different networks.

$UNI’s price has risen 6.88% in the last 24 hours, but it is still trading 90.7% lower than its all-time high of approximately $45.

*This is not investment advice.

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