The Unipeg hard cap is 10000, but currently there are only about 6817 full unicorns on the market, with the remaining 3183 being "fractional uPEG/dust" (the number will change in real-time). Why? Because unicorn images only exist when held as integers. For example, if you have exactly 1.0, 2.0, 3.0... uPEG in your wallet, it corresponds to a complete unicorn. And the decimal parts (such as 0.3, 0.51, 0.72, etc.) are all dust/fractional, without images, they are pure token fragments. Moreover, the trend is that as the number of fragments increases, the entire unicorn becomes increasingly scarce. Of course, it will not decrease in a straight line every day, and it is more likely to become increasingly difficult amidst fluctuations. The reason is simple: Every time a user swaps (buys or sells) in the Uniswap pool, they will break the tokens into decimals and change them. When buying, cross the integer line and create a new unicorn. When selling, if it falls below an integer, the corresponding unicorn will "die"/disappear on the spot (until someone else reassembles it). The more frequent the transactions, the more debris in the pool, and the fewer clean "integers" in everyone's hands. The number of unicorns that can coexist naturally remains below 10000. For example: 10000 uPEGs are like 10000 whole bricks; Every time you make a transaction, break the brick into small pieces as change. The more broken it is, the fewer opportunities it has to assemble a "whole brick". Now broken bricks account for 47%, and as trading continues, the proportion of broken bricks will continue to rise, making unicorns increasingly scarce. thus, The speed of newborn unicorns will become slower and slower (increasingly difficult to round up); Existing unicorns can also be born and die due to buying and selling. This is the official strategy: the transaction itself is automatically "burning scarcity", the more people play, the more fragments there are, and the more precious the entire unicorn is. This is a pure on chain deflation mechanism. Addendum (for first-time contacts): Unipeg (uPEG) is a new on chain experiment of "trading while generating unicorns". It is not an ordinary token or a traditional NFT, but a new species caught in between, created using Uniswap v4 hooks (programmable trading hooks). Every time you make a swap in its Uniswap liquidity pool, the system will generate a 24 × 24 pixel SVG image of a small unicorn on site. This image is completely generated on the blockchain (without IPFS), and its appearance is randomly determined by the hash value of the transaction (color, layer, etc.), with a hard limit of 10000 pieces. Each unicorn is bound to an integer number of uPEGs (positions 1, 2, 3... correspond to one). The decimal part is still in regular currency, while the integer part has "grown into shape". Different from regular NFTs: regular NFTs are pre drawn and hung on the chain for sale; Unipeg is when you push a door (trade) and a new painting grows on the wall on the spot, and the appearance of the painting is also related to this trade. The transaction itself has become an action of "generating images". Unipeg is an experimental project that showcases how versatile Uniswap v4 is, combining trading, art generation, and collectibles. However, it is essentially an on chain toy with high risks, purely for DeFi/NFT players (not suitable for most ordinary players).