UniSwap (UNI): Price, Charts and Market Cap

UniSwap UniSwap website
Symbol UNI
Nature Token
Brief 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.
Discussion https://uniswap.org/
Last updated: Tuesday, November 24, 2020 12:00:02AM UTC
Crypto Volatility Index (CVIX): 82
Current price, USD: 4.19
Market capitalization, USD: 938 456 081
Available supply: 224 035 195 UNI
Volume 24 hours, USD: 1 351 039 954
Mineable No

UniSwap general information

General UNI facts, technical details and general information about UniSwap crypto currency


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.

Who Are the Founders of Uniswap?


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.

What Makes Uniswap Unique?


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.”

How Many Uniswap (UNI) Coins Are There In Circulation?


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.

How Is the Uniswap Network Secured?


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.

Where Can You Buy Uniswap (UNI)?


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.

Historical data for UniSwap

We list daily UniSwap historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Nov 15 3.82 3.69 4.20 834 700 803
Nov 16 3.86 3.51 3.90 795 753 119
Nov 17 3.58 3.53 3.78 817 754 871
Nov 18 3.83 3.34 3.83 762 154 693
Nov 19 3.47 3.25 3.80 826 041 985
Nov 20 3.72 3.72 4.07 856 212 135
Nov 21 3.84 3.65 3.91 836 495 652
Nov 22 3.82 3.45 3.89 871 302 919
Nov 23 3.68 3.68 4.19 927 068 401
Nov 24 4.19 4.19 4.19 938 456 081

UNI/USD Exchange Rates


UNI to USD price chart — 7 days

UNI to USD price chart — 30 days

UNI to USD price chart — 60 days

UNI to USD price chart — 6 months

UniSwap

UniSwap (UNI) price change (24h)

UNI price change 24 hours 8.73%
UNI price change 7 days 16.23%

UniSwap (UNI) Short Term Forecast

After Price Change
1 day $4.80 14.56%
1 week
1 month
6 months
1 year
UniSwap Price Prediction

UniSwap Comments & Reviews

The most high-profile case of quick money in recent years has occurred with Uniswap users. In mid-September, she released her UNI tokens and distributed some of them to users. As a result, eight traders received from 95 thousand to 245 thousand...

TooSmart   September 23, 2020   UNI


The release of Uniswap tokens helped not only traders make money. To receive a gift, users had to conduct a transaction. They were willing to pay $ 50 per transaction to collect the prize as soon as possible. As a result, the Ethereum miners, on...

BestNameEver   September 21, 2020   UNI


In the wake of the hype around Uniswap, the little-known Unicorn token jumped from $ 0.0009 to $ 5.28. Users bought cryptocurrency for $ 5, although its real value was below a cent. The reason for this was the similarity in the name of the coin and...

Shantanio   September 20, 2020   UNI


UniSwap Reviews

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UniSwap News & Forecasts

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