Uniswap just torched 106,000 UNI tokens in a single day, making it the third largest burn event since the protocol flipped the switch on its deflationary mechanics. At current pace, annualized burns are tracking roughly $170 million in value, the highest sustained rate during regular (non-retroactive) operations. The retroactive burn that started it allBefore the daily burn mechanism was humming along, Uniswap governance approved a one-time retroactive burn that set the tone for everything that followed. On December 28, 2025, approximately 100 million UNI were destroyed in a single transaction, valued between $590 million and $596 million at the time. Combined with ongoing daily burns, total UNI destroyed has now surpassed 107 million tokens according to Dune analytics data.