Uniswap UNI Burns $590,000, Sets New Daily Record

On the 21st, Uniswap (UNI) recorded a daily burn value of $590,000, setting a new all-time high. The amount of UNI burned that day was 150,000, marking the second-highest level ever. The Ublockchain Data Center announced this tally on the 22nd at 1:28 PM KST. The burn values by chain were reported as $267,000 for Ethereum (ETH), $165,000 for Base, and $87,000 for Robinhood Chain. This record indicates that as Uniswap's fee structure expands across multiple chains, the scale of UNI burns is increasing. Fees are collected on-chain through contracts of each network, and UNI is permanently burned in the process when external participants claim them. Fees generated on the Robinhood Chain are sent to the UNI burn address. Uniswap v2, v3, and v4 have been operational since the mainnet launch of the Robinhood Chain, with cumulative swap trading volume exceeding $1 billion as of July 10. This record is significant as it illustrates not only the amount burned but also the points of fee generation and the burn pathways. However, an increase in burns does not guarantee a rise in price or investment performance.