So far, over 110 million UNI tokens have been burned, accounting for about 11.1% of the 1 billion maximum supply. Based on historical closing prices, the total value burned is approximately $640 million. On September 4th alone, 184,000 tokens were burned (around $1.15 million), with the Robinhood chain contributing about 150,000 tokens—over 80% of the total. In August, approximately 1.946 million tokens were burned for the entire month, marking the highest monthly burn since the mechanism was activated. UNI has gone from being a 'governance token that barely captures protocol cash flow' to a 'governance token where protocol revenue can sustainably reduce supply.' UNI is on the right track.