1 million tokens burned after an 8% increase on a certain DEX

Source: PortaldoBitcoin Original Title: Uniswap rises 8% after burning 100 million UNI tokens Original Link: The native token of the certain DEX registered an increase of over 8% after the approval and execution of one of the largest burns seen in the cryptocurrency market. On Saturday night (27), 100 million tokens, valued at US$ 592 million at the time, were sent to a burn address, meaning they will never enter circulation again.

The rise began a few hours after the burn, carried out around 17:00 UTC (14:00 in Brazil), when the decentralized exchange’s native token rose from US$ 5.90 to US$ 6.40, a price maintained at least until this late afternoon.

The initiative follows a growing trend among major crypto projects to adopt deflationary mechanisms, such as buybacks and burns, to reduce selling pressure and provide more price support. In the case of the protocol, the community approved the proposal with 99.9% support, with over 125 million tokens voted in favor.

With the decision, protocol fees began to be directed toward continuous token burns, creating a deflationary cycle as platform usage increases. After the operation, the value in tokens held by the treasury decreased from US$ 2.1 billion to US$ 1.6 billion.

The market reacted positively, with the token experiencing a significant increase in traded volume and market capitalization, reflecting higher on-chain activity and capital inflow.

Days earlier, the community had approved a transformation that converts the token from an essentially governance asset into an asset with clear value generation mechanisms, aligning economic incentives, governance, and protocol development.