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

CryptoQuant CEO Ki Young Ju stated that if the fee conversion mechanism is activated, the price of Uniswap could experience a parabolic rise.

Even when only considering v2 and v3, the protocol's trading volume has reached $1 trillion year-to-date. If the trading volume remains constant, approximately $500 million worth of UNI would be burned each year. The trading platform only holds $830 million worth of UNI, so even if unlocked, a supply shock seems difficult to avoid.