|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.|
|Change 7d||-7.51%||Market Cap||$8 934 957 286|
|Available supply||627 301 984 UNI|
|Volume 24h||$284 284 696|
|Updated||Friday, January 21, 2022 11:00:03AM UTC|
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, $|
|Jan 12||15.96||15.96||16.58||10 157 988 536|
|Jan 13||16.27||15.55||16.54||9 755 758 241|
|Jan 14||15.48||15.29||15.86||9 946 180 268|
|Jan 15||15.88||15.79||16.61||10 387 373 667|
|Jan 16||16.50||16.39||18.07||11 176 532 158|
|Jan 17||17.81||16.41||17.82||10 388 021 591|
|Jan 18||16.65||15.70||17.58||10 135 801 641|
|Jan 19||16.02||15.30||16.16||9 651 336 083|
|Jan 20||15.24||14.86||16.12||9 322 715 653|
|Jan 21||14.47||13.97||14.61||8 934 957 286|
* 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||BTC||Bitcoin predictions||70.4%||62||$38 967.91||-7.44%||-7.59%||$737 892 869 372|
|2||ETH||Ethereum predictions||60.4%||78||$2 871.05||-8.60%||-11.22%||$342 372 023 455|
|3||USDT||Tether predictions||95.6%||1||$1.000160||-0.01%||-0.02%||$78 287 072 748|
|4||BNB||Binance Coin predictions||71.2%||56||$428.81||-7.90%||-9.28%||$70 802 974 684|
|5||USDC||USD Coin predictions||95.2%||1||$1.000296||-0.04%||0.05%||$42 399 121 779|
|6||ADA||Cardano predictions||74.4%||49||$1.23||-8.69%||-1.46%||$41 378 123 412|
|7||SOL||Solana predictions||61.6%||87||$123.51||-9.84%||-13.96%||$38 846 684 963|
|8||XRP||XRP predictions||68.8%||59||$0.691874||-6.72%||-9.81%||$32 976 873 993|
|9||LUNA||Terra predictions||69.6%||58||$77.73||-5.70%||-0.40%||$27 703 412 550|
|10||DOT||Polkadot predictions||72.8%||48||$22.45||-8.55%||-14.69%||$22 171 004 822|
|11||DOGE||Dogecoin predictions||71.6%||50||$0.153961||-6.54%||-20.35%||$20 426 155 179|
|12||AVAX||Avalanche predictions||66%||77||$76.46||-9.87%||-13.92%||$18 683 659 839|
|13||BUSD||Binance USD predictions||90.8%||1||$0.999181||-0.15%||-0.05%||$14 221 363 997|
|14||SHIB||SHIBA INU predictions||66%||68||$0.000026||-7.57%||-15.60%||$14 165 186 561|
|15||MATIC||Polygon predictions||66%||64||$1.90||-8.89%||-14.69%||$14 121 576 857|
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...
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)...
Numbers don’t lie: Uniswap v3 gains traction with DeFi users despite May’s crypto market crash. Decentralized exchange Uniswap successfully launched version 3...
Uniswap is now planning layer-two deployments on both Arbitrum and Optimism. The Uniswap community has voted in favor of launching the leading decentralized...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 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.