Recently, I took some time to analyze the burn data of two popular tokens, UNI and CAKE, over the past three weeks and found some interesting comparisons.

First, let's talk about UNI. Based on data from December 29, 2025, to January 19, 2026, a total of approximately 284,000 UNI have been burned. On average, about 13,523.8 UNI are burned per day. However, the official release rate is 20 million UNI per year, which is about 54,794 UNI released daily. In reality, the daily circulating supply of UNI is increasing, with a net addition of 41,271 UNI per day. Moreover, the 5 million UNI reserved by the official team for the first quarter have not been touched yet.

The situation with CAKE is different. According to official data, on January 12, a total of 867K CAKE was burned, with a net burn of 715K; by January 18, total burns reached 864K, with a net burn of 707K. The project issues about 22,000 CAKE daily. Over the past two weeks, the total net burn has been 1,422,000, averaging about 101,571 CAKE burned per day. At this rate, the annual deflation rate is approximately 10.48%.

In comparison, UNI's current deflation rate is only 0.548%, which is almost negligible in terms of deflation effect. CAKE, on the other hand, is continuously deflationary. The economic models of these two tokens are quite different. Of course, this analysis is based on a snapshot of recent data, and if the official policies change later, the data may also change.