Uniswap initiates a buy-back and destruction mechanism and the agreed costs are in effect

Hayden Adams, founder of Uniswap, confirmed that the agreement costs had been activated and that the buy-back and destruction mechanism of $UNI was about to be launched and that a governance poll was currently under way, involving V2/V3 costs for Robinson Chain, V4 costs and bridge clearance across XLayer, Avalanche, MegaETH and Sonim. This initiative will introduce the first ongoing destruction mechanism in Uniswap ' s history, with agreements generating more than $5.2 million per day, more than almost all encryption protocols, after USDC and USDT。