Retail investors are still debating UNI's short-term fluctuations, while the more foresighted on-chain funds have already quietly deployed their positions. A multi-billion dollar revaluation is about to reach its final stage.

The critical moment has arrived. During these 24 hours of market hesitation, a proposal capable of rewriting UNI's destiny has passed voting with an overwhelming majority. Uniswap has undergone its largest upgrade in seven years. This is not just a feature iteration—over 100 million UNI tokens will be permanently removed from circulation, and a continuously profitable "wealth creation machine" is about to be launched.

Ironically, when such a major positive news was announced, UNI's price actually fell. This is the old market pattern: sell the news during good times, buy the dip during bad times. History continues to repeat this script.

**Two Core Changes in the Token Upgrade**

This proposal, called "UNIfication," essentially aims to mature UNI—from a simple voting tool to a truly income-generating asset.

The first step is destruction. The foundation's treasury will burn 100 million UNI tokens, accounting for about 16% of the current circulating supply. This is one of the largest burns in DeFi history and is equivalent to a one-time big dividend for holders.

The second step is to activate fee distribution. The protocol's built-in "fee switch" will be turned on. Afterward, some of the trading fees from Uniswap v2 and v3 pools will no longer all flow to liquidity providers but will be partially allocated to UNI holders. This means that owning UNI now allows you to share in the protocol's growth. From now on, UNI is not just a governance token but also an asset that generates cash flow.

Smart money on the chain has long seen through all this. While most people are still debating price fluctuations, the curtain has already risen on the revaluation of value.