Major governance milestone: A leading DEX protocol just executed a historic 100 million token burn from its treasury—that's roughly 10% of total supply wiped in a single transaction—following overwhelming 99% community approval in voting. The move marks a dramatic shift in token economics.

Context matters here. For five years straight, the token operated purely as a governance mechanism, capturing zero economic value despite facilitating $4 trillion in trading volume across the platform. All that activity generated substantial fees, yet token holders saw nothing.

Now the script flips. Protocol governance just activated the fee switch, which should direct around $700 million in annual revenue back into the ecosystem. With these structural changes taking effect, the token is trading at $5.96—a turning point where governance tokens finally start behaving like actual equity stakes.

This shift from pure voting rights to revenue participation could reshape how markets price utility tokens in the DeFi space.