#UNI代币销毁 Uniswap fee switch activation is imminent. Here are some on-chain signals worth paying attention to:

**Key Event Summary:**
The destruction of 100 million UNI has been confirmed and will be executed directly from the Foundation’s treasury, indicating a clear deflationary expectation.
2. Application interface fees are reduced to zero, meaning the ecosystem costs are cleared, which could boost LP attractiveness in the short term.

**Funding Perspective:**
The destruction process will generate clear on-chain burn records, allowing real-time tracking of the execution progress. The key is the time difference between the burn speed and market reaction—if whales are positioning before the burn, this is a routine arbitrage expectation. After the fee discount auction system goes live, the new fee distribution mechanism will also influence LPs’ liquidity migration decisions.

**Practical Significance from an Investment Research Perspective:**
This is not just positive publicity; it’s the Foundation actively weakening its own token holdings. If later on we see large UNI flows to exchanges or increased locked-in contracts, it indicates the market is actually digesting this signal. Conversely, if there are no obvious changes in on-chain fund movements, the market may have already partially priced it in.

Key points to watch: changes in trading volume during the burn execution and fluctuations in UNI whale addresses’ holdings.