Market
Uniswap
Uniswap
UNI
$8.6827
-5.49%
Buy
Sell
One time
AUD
UNI
≈
1.1517
UNI
$50
$150
$500
Pay with
Google Pay
Apple Pay
USD Account
1-2 business days • No fees
Credit/debit card
Instant •
2.99%
0% fee first 30 days
Market
Uniswap
UNI
$8.6827
-5.49%
Buy
Sell
One time
AUD
UNI
≈
1.1517
UNI
$50
$150
$500
Pay with
Google Pay
Apple Pay
USD Account
1-2 business days • No fees
Credit/debit card
Instant •
2.99%
0% fee first 30 days
Uniswap FAQ
Explorers
View
Website
View
Markets
View
Uniswap latest news
CoinDesk 20 Performance Update: Uniswap (UNI) Surges 19% Over the Weekend
Youtube Video
21 hrs ago
More like Uniswap
DeFi
+116.5%
Ethereum
$4,420.87
-2.77% YTD
ChainLink
$18.532
-2.56% YTD
Invest in Uniswap
DeFi
2 Months
+4
Make investing stress-free
Trade with deep liquidity and low fees
Market data
Market cap
$5.47B
Rank
#27
24H volume
$572.97M
Circulating supply
630.33M UNI
63% of total
All-time high
$56.61
-552.02%
All-time low
$2.48
71.43%
Total supply
1B UNI
Max supply
1B UNI
About Uniswap
Uniswap Price Summaries
Uniswap's price today is $8.68, with a 24-hour trading volume of $572.97M. UNI is -5.49% in the last 24 hours. It is currently -10.80% from its 7-day all-time high of $9.73, and 17.59% from its 7-day all-time low of $7.38.UNI has a circulating supply of 630.33M UNI and a max supply of 1B UNI.The UNI token is the governance token for Uniswap, a protocol for exchanging ERC20 tokens in an automated liquidity provision manner on Ethereum. Uniswap v1 is an on-chain system of smart contracts on the Ethereum blockchain. It implements an automated liquidity protocol based on a ‘constant product formula’ traders pay a 30-basis-point fee on trades, which goes to liquidity providers. Uniswap v2 is a new implementation based on the same formula, with several new highly desirable features. UNI is now available on DeFi Swap. Users can swap UNI, be UNI Liquidity Providers to earn fees and boost their yield by up to 20x when staking CRO.
Uniswap is the largest decentralised exchange protocol operating on the Ethereum blockchain. It was created by Hayden Adams who, prior to the platform's deployment, had little to no coding or financial experience. Adams was introduced to his future project, an automated market maker (AMM), in 2017, after his friend and Ethereum Foundation employee Karl Floersch sent him a Reddit post that Ethereum creator Vitalik Buterin wrote in 2016.
Adams would spend the next year attending crypto conferences and coding Uniswap while unemployed. In July 2018, he was granted US$50,000 in funding from the Ethereum Foundation, which led to the first version of Uniswap being published on the Ethereum mainnet in November 2018. By July 2020, the exchange had completed over $1 billion in transactions, and by April 2021, it recorded more than $10 billion in weekly transaction volume for the first time.
In an effort to prevent users from defecting to rival DEX SushiSwap, Uniswap launched its governance token UNI in September 2020. A total of 1 billion UNI tokens were minted at launch, with 60% to be distributed to community members and the rest to team members, investors, and advisors.
Uniswap relies on an automated market maker (AMM), which uses a pricing algorithm to value assets. The formula is ‘x*y = k.’ X represents the amount of one token in the liquidity pool, y is the amount of the other asset, and k is a fixed constant. In Uniswap, the value of both assets constantly remains at a ratio of 50:50.
To participate, users just need an Ethereum wallet to immediately start swapping tokens directly without the need for an order book. This works using an automated market maker (AMM) where liquidity providers (LP) deposit tokens into the smart contract and this liquidity then provides a price quote to traders without relying on any professional market makers. Liquidity providers receive a 0.3% trading fee.
Uniswap first made the AMM model popular, with other crypto protocols following the model for its innovative and decentralised features. However, one of the biggest risks of the AMM model is impermanent loss. Impermanent loss is defined as the opportunity cost of contributing two crypto assets into a liquidity pool instead of holding the two crypto assets separately outside the liquidity pool. Impermanent loss occurs when the price of one token rises or falls relative to the other. The bigger the change, the larger the impermanent loss will be.
UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 in an airdrop to users who have interacted with the protocol by swapping tokens or providing liquidity.
The UNI token allows holders to participate in protocol governance. Usage of the treasury and future upgrades are examples of decisions made through a governance vote on Uniswap.