UniSwap (UNI) | Buy UniSwap Now |
---|---|
![]() |
Uniswap is a protocol for automated token exchange on Ethereum. It was launched on November 2, 2018. Uniswap describes itself as a simple smart contract interface for swapping ERC20 tokens. |
CVIX | 59 |
Current price | $6.05 |
Change 24h | 1.69% |
Change 7d | -5.99% | Market Cap | $3 556 120 380 |
Available supply | 588 187 016 UNI |
Volume 24h | $214 174 936 |
Updated | Friday, December 1, 2023 3:00:09AM UTC |
Nature | Token |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $5.73 | -5.14% |
---|
General UNI facts, technical details and UniSwap Cryptocurrency information
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.
Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams. Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg.
Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017.
Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere. One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap.
Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity.
By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens.
According to Uniswap, their governance token (UNI) was created in order to “officially enshrin[e] Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.”
The total supply of Uniswap’s governance token, UNI, is 1 billion units. These will become available over the course of four years, after which Uniswap will introduce a “perpetual inflation rate” of 2% to maintain network participation.
Token distribution currently consists of the following: 60% to Uniswap community members, i.e. users, 21.51% to team members, 17.8% to investors and 0.69% to advisors. The latter three distributions will occur according to a four-year vesting schedule.
Out of the majority set to go to users, 15% can be claimed by those who used Uniswap prior to Sep. 1, 2020. These even include users who submitted transactions which were never successful — they are eligible for 400 UNI.
Uniswap is a decentralized protocol for trading, and UNI is its in-house governance token. UNI is an ERC-20 token, meaning it requires Ethereum to function.
ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants.
Separately, smart contracts can cause security issues that could lead to DeFi traders losing funds; in fact, hackers have already succeeded in stealing millions of dollars in DeFi’s short lifetime as of fall 2020.
Uniswap’s UNI governance token is available for trading on major exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. These include Binance, OKEx and Coinbase Pro, along with, naturally, Uniswap’s protocol itself.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
---|---|---|---|---|
Nov 22 | 4.90 | 4.90 | 6.17 | 3 594 996 322 |
Nov 23 | 6.12 | 6.12 | 6.41 | 3 757 772 872 |
Nov 24 | 6.36 | 6.14 | 6.48 | 3 626 795 545 |
Nov 25 | 6.17 | 6.11 | 6.25 | 3 627 708 747 |
Nov 26 | 6.18 | 5.91 | 6.18 | 3 614 921 069 |
Nov 27 | 6.17 | 6.02 | 6.25 | 3 648 317 976 |
Nov 28 | 6.30 | 6.12 | 6.50 | 3 602 215 328 |
Nov 29 | 6.16 | 6.02 | 6.35 | 3 550 889 378 |
Nov 30 | 6.02 | 5.88 | 6.02 | 3 484 307 991 |
Dec 01 | 5.95 | 5.95 | 6.05 | 3 556 120 380 |
* Crypto Rating accepts no liability for any errors in the UniSwap information, UNI Prices and UNI's Market Cap. For the most up-to-date prices please visit the UniSwap's official website.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 91.6% | 8 | $37 999.52 | 0.28% | 1.60% | $743 176 326 003 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 84.4% | 28 | $2 087.03 | 2.47% | 0.76% | $250 940 118 733 | ||
3 | ![]() |
Tether predictions | 95.6% | 1 | $1.000108 | 0% | -0.01% | $89 361 383 812 | ||
4 | ![]() |
Binance Coin predictions | 84.8% | 26 | $229.00 | 0.60% | -2.63% | $34 738 394 358 | ||
5 | ![]() |
XRP predictions | 77.6% | 34 | $0.610895 | 0.45% | -2.05% | $32 920 250 746 | ||
6 | ![]() |
Solana predictions | 61.6% | 81 | $60.80 | 1.23% | 6.16% | $25 782 778 428 | ||
7 | ![]() |
USD Coin predictions | 96% | 1 | $1.000068 | 0.01% | 0% | $24 548 544 676 | ||
8 | ![]() |
Cardano predictions | 78% | 44 | $0.380539 | -0.17% | -3.44% | $13 436 086 955 | ||
9 | ![]() |
Dogecoin predictions | 78.8% | 45 | $0.083736 | 2.84% | 8.64% | $11 894 668 878 | ||
10 | ![]() |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
TRON predictions | 85.6% | 21 | $0.103684 | -0.04% | 1.38% | $9 179 973 425 | ||
12 | ![]() |
Wrapped TRON predictions | 86% | 24 | $0.102241 | -0.94% | 0.07% | $9 052 152 442 | ||
13 | ![]() |
Toncoin predictions | 82.4% | 28 | $2.43 | -0.65% | -0.25% | $8 323 116 435 | ||
14 | ![]() |
Chainlink predictions | 70.4% | 55 | $14.57 | 0.24% | 0.77% | $8 110 917 522 | ||
15 | ![]() |
Avalanche predictions | 56% | 90 | $22.06 | 3.37% | 6.67% | $8 056 357 288 |
Users of the decentralized exchange will also be able to use bank transfers to purchase crypto. Decentralized exchange Uniswap has partnered with fintech company Moonpay...
Developers say the tool can help users save upwards of 15% on gas fees when shopping for NFTs. According to a new post on November 30, decentralized exchange (DEX) Uniswap...
Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency. Decentralized exchange (DEX) Uniswap recently...
In the last 24 hours, the DEX sector has logged a combined profit of over 60%, while their centralized counterparts have grown by just 0.77%. Uniswap (UNI) prices...
More than $1 billion in fees has been generated for Uniswap’s liquidity providers since its November 2018 launch. Leading decentralized exchange Uniswap...
Long-awaited layer two scaling is finally being launched on Uniswap v3, albeit in a limited format initially. The long-awaited layer two scaling solutions upgrade...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.