Coins
22,429
Market Cap
$2,335.64 B USD
24H Change

+1.53%

24H Volume
$39.98 B USD
Dominance
BTC: 49.56%, ETH: 16.30%
ETH Gas
2 Gwei

UNI

Uniswap

UNI

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$8.11 USD

N/A

(24H)

0.0001403 BTC

-1.66%

(24H)

Uniswap Price Chart (USD)

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Market Cap (USD)

$4.87 B

24H VOLUME (USD)

$91.87 M

Circulating Supply

600.03 M UNI

Max Supply

1 B UNI

Total Supply

1 B UNI

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General Information

Social Channels

Contract Address

  • icon

    Ethereum

    0x1f9840a85d5af5bf1d1762f925bdaddc4201f984


  • icon

    HECO

    0x22c54ce8321a4015740ee1109d9cbc25815c46e6


  • icon

    Polygon

    0xb33eaad8d922b1083446dc23f610c2567fb5180f


About Uniswap

Rank #23

Uniswap Price Summaries

Latest Data

Uniswap’s price today is US$8.11, with a 24-hour trading volume of $91.87 M. UNI is +0.00% in the last 24 hours.UNI has a circulating supply of 600.03 M UNI and a max supply of 1 B UNI.


What is Uniswap

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.

A brief history of Uniswap

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.

How Uniswap works

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.

What is UNI used for?

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.

Frequently asked questions about Uniswap

What is the difference between SushiSwap and Uniswap?


How do you buy Uniswap?


How do you use Uniswap?


How does Uniswap work?


What wallet can I store UNI in?


More about Uniswap


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UNI Price Statistics

Uniswap Price

$8.11

24h high / 24h low

N/A

7d high / 7d low

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30d high / 30d low

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Trending

Currency Converter

Amount

UNI

UNI

1 UNI = 8.11 USD

Rate is for reference only. Updated

General Information

Social Channels

Contract Address

  • icon

    Ethereum

    0x1f9840a85d5af5bf1d1762f925bdaddc4201f984


  • icon

    HECO

    0x22c54ce8321a4015740ee1109d9cbc25815c46e6


  • icon

    Polygon

    0xb33eaad8d922b1083446dc23f610c2567fb5180f


UNI Price Statistics

Uniswap Price

$8.11

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

N/A

90d high / 90d low

N/A

All-time high / All-time low

N/A

Trending

Company

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