After the UNI burn proposal was approved, on-chain data began to show some interesting signals. The burn of 100 million UNI tokens, while relatively small compared to the circulating supply, warrants attention to the underlying logic—activating the fee switch to burn tokens while providing yield discounts for LPs. This is a typical design combining deflationary expectations with incentives.

More importantly, the zeroing out of interface fees is a key point. On the surface, it appears to be an ecosystem optimization, but it has a tangible impact on on-chain fund flows—when application fees are eliminated, transaction costs decrease, potentially attracting additional trading volume. Monitoring the inflow of trading pairs over the next 24-48 hours is necessary to see if whales take advantage of the low-fee window to rebalance their positions.

Burn events usually trigger token price expectations, but the real focus should be on the timing of execution and actual market reactions. The proposal has been approved but is still in the timelock period; the actual burn activation will come later. During this period, if large holders start building positions or LPs increase liquidity, that would be a significant signal to follow. In the short term, observe the trends in on-chain trading volume and address activity.