In the cryptocurrency market, a surge in burning activity has recently occurred alongside high trading activity in one particular altcoin. Uniswap’s native token, UNI, surpassed the $1 million mark for the first time in daily burns, driven by a strong surge in trading activity on Robinhood Chain. According to data, the total value of UNI burned on September 4th reached $1.15 million, with 184,000 UNI removed from circulation throughout the day. This amount represents the second-highest daily UNI burn on record.