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UniSwap (UNI) Price, Market Cap and Information


UniSwap (UNI) Buy UniSwap Now
UniSwap (UNI) 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 90
Current price $5.59
Change 24h -0.67%
Change 7d 6.01%
Market Cap $4 018 340 308
Available supply 718 886 424 UNI
Volume 24h $187 073 439
Updated Wednesday, May 25, 2022 10:00:05AM UTC
Nature Token
Mineable No
Discussion
WWW Website

UniSwap price change 24 hours

UniSwap Short Term Forecast

After Price Change
1 day $5.72 2.30%

UniSwap Price Predictions

UniSwap General Information

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.

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.

UniSwap Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
May 16 5.45 4.98 5.45 3 642 465 670
May 17 5.05 5.05 5.43 3 898 140 008
May 18 5.47 4.93 5.47 3 581 964 478
May 19 4.90 4.79 5.12 3 657 458 073
May 20 5.19 4.99 5.47 3 650 365 719
May 21 5.11 5.04 5.33 3 756 394 734
May 22 5.24 5.16 5.49 3 948 468 386
May 23 5.51 5.42 5.92 4 031 192 454
May 24 5.67 5.39 5.76 4 006 564 967
May 25 5.60 5.57 5.74 4 018 340 308

UNI/USD Price Charts

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

* 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.

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News, Promo

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Uniswap (UNI) gains nearly 50% in 24 hours

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...

28 Sep 2021
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Uniswap has now generated more than $1B in fees for liquidity providers

More than $1 billion in fees has been generated for Uniswap’s liquidity providers since its November 2018 launch. Leading decentralized exchange Uniswap...

12 Aug 2021
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Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha

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...

14 Jul 2021
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CoinMarketCap launches Ethereum token swaps powered by Uniswap

CoinMarketCap has launched a token swap feature via integration with Uniswap, and has hinted at supporting additional DEXs and networks in the future. CoinMarketCap (CMC)...

30 Jun 2021
UNI
DeFi bucks crypto market correction as Uniswap v3 leads the charge

Numbers don’t lie: Uniswap v3 gains traction with DeFi users despite May’s crypto market crash. Decentralized exchange Uniswap successfully launched version 3...

31 May 2021
UNI
Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism

Uniswap is now planning layer-two deployments on both Arbitrum and Optimism. The Uniswap community has voted in favor of launching the leading decentralized...

27 May 2021

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