Uniswap Price (UNI)
Uniswap to USD Chart
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UNI Price Live Data
The live Uniswap price today is $23.67 USD with a 24-hour trading volume of $345,516,793 USD. Uniswap is down 0.19% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $13,613,009,748 USD. It has a circulating supply of 575,161,186 UNI coins and a max. supply of 1,000,000,000 UNI coins.
If you would like to know where to buy Uniswap, the top exchanges for trading in Uniswap are currently Binance, Huobi Global, ZG.com, OKEx, and CoinTiger. You can find others listed on our crypto exchanges page.
What Is Uniswap (UNI)?
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.”
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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.
You can read more about how to enter the cryptocurrency market, no matter what token you plan to purchase, here.
Our most recent articles about Uniswap:
- Uniswap Dashboard Debrief #1: Total Liquidity Passes $1 Billion — Then Falls Back Down: Flipside Crypto
- Uniswap v3 Is Here — What’s New, and What Does It Mean for You?: Flipside Crypto
- What Are Automated Market Makers?
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- UNI Breaks Records as Uniswap V3 Unveiled — But Will Fees Finally Fall?
UNI Price Statistics
|24h Low / 24h High|
|Volume / Market Cap||0.02538|
|Total Value Locked (TVL)||$5,150,022,315|
|Fully Diluted Market Cap||$23,668,164,807.71|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighMay 03, 2021 (a month ago)
All Time LowSep 17, 2020 (9 months ago)
|Uniswap ROI||No Data|
|Circulating Supply||575,161,186 UNI|
|Total Supply||1,000,000,000 UNI|
|Max Supply||1,000,000,000 UNI|