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CryptoQuant CEO: If the fee switch is activated, $500 million worth of UNI will be burned annually.

On November 11, CryptoQuant CEO Ki Young Ju stated that if the fee conversion mechanism is activated, the price of Uniswap could rise parabolically. Even when only considering v2 and v3, the protocol's trading volume has reached $1 trillion year-to-date. If the trading volume remains unchanged, approximately $500 million worth of UNI would be destroyed each year. The trading platform only holds $830 million worth of UNI, so even if unlocked, a supply shock seems difficult to avoid.

UNI35.17%
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