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CryptoWorld News reports that Uniswap, under a unified mechanism, recorded its largest single-day UNI burn amount of 134,000 tokens. Hayden Adams reiterated his bullish outlook on DeFi and Ethereum. He said that the current market sentiment is similar to the 2018 bear market, when sentiment toward Ethereum was also very subdued, but builders used that period to create products and drive the DeFi summer of 2020. Uniswap’s burn mechanism plays a central role in its current token strategy, and Adams’ comments connect the protocol’s latest activity with a longer DeFi development cycle.

UNI-5.5%
ETH-9.14%
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Moyu'sHand
· 3h ago
If it only mentions the burn, why doesn’t it mention the 2% annual issuance increase either? Was it compounded issuance? In the first year, an additional 20 million was issued immediately.
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SecondaryMarketDeserter
· 4h ago
Hayden’s every time he comes out to make statements is a bottom signal—or it’s a contrarian indicator. It depends on historical backtesting.
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LightsInTheMistyValley
· 5h ago
2018 downturn → a boom in 2020—this cycle narrative, I believed it, but I don’t buy the trading positions.
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0xCandleQuiet
· 5h ago
DeFi Summer 2.0 might not be coming, but this data from Uniswap at least shows that people are still genuinely using real money.
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GateUser-4c2c8c4b
· 5h ago
The burning mechanism is indeed clever, tying the protocol revenue directly to the token's value.
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GasInTheHourglass
· 5h ago
Hayden, this comparison is interesting. Builders who endured in 2018 indeed reaped the benefits of 2020, and now it's a familiar script again.
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PaperSculptureOctopusPosition
· 5h ago
UNI is finally more than just a governance token; burning allows holders to also benefit from protocol growth.
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LeverageWithdrawalInProgress
· 5h ago
134k UNI burned in one day, this deflationary strength is impressive.
View OriginalReply0

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