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Uniswap Price

(UNI)

$3.5273
0.00%(5m)

1m5m15m1h8h1d1W
Uniswap (UNI) Live Price Chart

    Uniswap Live Price Data

    The live price of Uniswap is 3.5273, with a total trading volume of -- in the last 24 hours. The price of Uniswap changed by +0.24% in the past day, and its value has decreased by -2.46% over the last week. With a circulating supply of 625,367,561 UNI, the market cap of Uniswap is currently 0 , marking a +0.24% increase today. Uniswap currently ranks #35 in market cap.

    How do you feel about UNI today?

    Note: This data is for reference only.
    pk

    UNI(UNI) Profile

    altRank35
    rateAA
    Expand
    $3.4725
    $3.5754

    ATH
    $44.9740635
    Price Change (1h)
    -0.08%
    Price Change (24h)
    +0.24%
    Price Change (7d)
    -2.46%
    Market Cap
    24h Volume
    Circulating Supply
    625,367,561
    Max Supply
    1B

    About Uniswap

    • What is Uniswap (UNI) Crypto?

      Uniswap (UNI) is a popular decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is primarily known for facilitating the exchange of cryptocurrencies without the need for a traditional centralized exchange. Uniswap operates as an automated liquidity protocol, which means it relies on smart contracts to create liquidity pools that enable users to trade different tokens directly from their crypto wallets.

      Here's a breakdown of its key features:

      1. Decentralization: Unlike traditional exchanges operated by central authorities, Uniswap is fully decentralized. It's governed by its community of users through the UNI governance token.

      2. Automated Market Maker (AMM): Uniswap utilizes an AMM model instead of the traditional order book. This model allows assets to be traded automatically using liquidity pools rather than through a traditional market of buyers and sellers. Prices are determined according to a mathematical formula based on the supply and demand of the tokens in each pool.

      3. Liquidity Pools: Users can earn fees by providing liquidity to these pools. They deposit an equivalent value of two tokens, which others can then trade against. In return, liquidity providers earn trading fees from the trades that happen in their pool, proportional to their share of the total liquidity.

      4. UNI Token: The UNI token is Uniswap's native governance token. It was introduced to further decentralize the protocol's governance and allow token holders to vote on key protocol decisions, such as upgrades and the utilization of treasury funds.

      5. Ease of Use and Access: Uniswap allows users to easily swap between ERC-20 tokens without needing account creation or personal information. This fosters greater inclusivity and accessibility in the DeFi market.

      6. Permissionless: Anyone can create a new liquidity pool or supply liquidity to an existing one. There are no gatekeepers or permissions required, aligning with the ethos of decentralization and open access.

      Uniswap has played a significant role in the growth of the DeFi ecosystem by providing a user-friendly platform for trading and liquidity provision. It has inspired the creation of other decentralized exchanges and financial products within the blockchain space.

    • How Does Uniswap Protocol Work?

      Uniswap operates using a relatively straightforward yet innovative mechanism that has set the standard for many DeFi protocols. Here’s a detailed look at how it works:

      AMM System

      > AMM Basics: Unlike traditional exchanges that use order books to match buyers and sellers, Uniswap uses an AMM model. In this model, trades are made against a pool of tokens in a smart contract. The price of tokens is determined by a pricing algorithm rather than order book bids and asks.

      > Liquidity Pools: The core of Uniswap's operation lies in its liquidity pools. These are pools of tokens locked in a smart contract. Each pool contains two tokens, forming a trading pair. For example, an ETH/USDT pool would allow for the exchange between Ethereum and Tether.

      > Constant Product Formula: Uniswap uses the constant product formula x*y=k for pricing, where x and y represent the quantity of each token in the liquidity pool, and k is a constant. This formula ensures that the product of the quantities of the two tokens remains constant after every trade, which helps the platform maintain liquidity and determine prices based on the relative supply of the tokens in the pool.

      Trading on Uniswap

      > Swapping Tokens: When users want to swap one token for another, they interact with the corresponding liquidity pool through a smart contract. The user adds tokens to one side of the pool and withdraws an equivalent value of the other token, according to the current exchange rate provided by the AMM.

      > Price Impact: Large trades relative to the pool size can significantly change the price. This is known as "price impact." The AMM model ensures that the price adjusts as the ratio of tokens in the pool changes, discouraging large trades that could deplete the liquidity.

      Providing Liquidity

      > Becoming a Liquidity Provider (LP): Users can supply an equal value of both tokens in a liquidity pool to become liquidity providers. In return, they receive liquidity tokens, representing their share of the pool.

      > Earning Fees: Liquidity providers earn a portion of the trading fees generated by the pool. Fees are added to the pool and thus increase the value of the liquidity tokens, which can be redeemed by the provider.

      Security and Risks

      > Smart Contract Risk: As with any DeFi platform, users are exposed to risks associated with smart contracts, such as vulnerabilities or bugs.

      > Impermanent Loss: Liquidity providers may experience impermanent loss, which occurs when the price of tokens in a pool changes compared to when they were deposited. This can lead to a situation where the dollar value of the tokens withdrawn is less than if the LP had just held the tokens outside the pool despite earning trading fees.

      Uniswap's design principles have made it a foundational component of the DeFi ecosystem, promoting liquidity and enabling decentralized token trading without the need for traditional market makers or order books.

    • History of Uniswap Ecosystem and UNI Coin

      Uniswap was launched in November 2018. It was created by Hayden Adams, a former mechanical engineer who transitioned into the field of blockchain and cryptocurrency. Inspired by a concept proposed by Ethereum co-founder Vitalik Buterin, Adams developed Uniswap as one of the first DeFi protocols on the Ethereum blockchain that utilizes an automated liquidity protocol.

      Since its launch, Uniswap has seen several key developments and milestones that have significantly contributed to its growth and the broader DeFi ecosystem. Here's an overview of some of the major milestones in Uniswap's history:

      1. Launch of Uniswap V1 (November 2018)

      The initial version of Uniswap was deployed on the Ethereum mainnet, introducing the innovative AMM model to the DeFi space.

      2. Introduction of Uniswap V2 (May 2020)

      Uniswap V2 brought several improvements over its predecessor, including direct ERC20 to ERC20 swaps, flash swaps, and a more resilient oracle system. This version solidified Uniswap's position as a leading DeFi exchange.

      3. Launch of UNI Governance Token (September 2020)

      The UNI token was introduced to decentralize the governance of the protocol. It allowed the community to participate in decision-making processes, including protocol upgrades and treasury management.

      4. Uniswap V3 Launch (May 2021)

      Uniswap V3 introduced concentrated liquidity and multiple fee tiers, offering liquidity providers greater capital efficiency and flexibility. This version significantly improved the user and liquidity provider experience.

      5. Licensing for Uniswap V3 Core Software (May 2021)

      Alongside the launch of V3, Uniswap introduced a Business Source License for its V3 core software, restricting the use of its code for commercial purposes for up to two years, a move aimed at protecting its intellectual property while still supporting open-source development.

      6. Deployment on Layer 2 and Other Blockchains

      To address Ethereum's high gas fees and network congestion, Uniswap began exploring and deploying on Layer 2 solutions like Optimism, Arbitrum, and other blockchains. These deployments aimed to offer users lower transaction fees and faster settlements.

      7. Uniswap's Grants Program and Community Growth

      Uniswap has actively supported the ecosystem's growth through its grants program, funding a wide range of projects that contribute to the Uniswap ecosystem, including educational resources, tooling, and community events.

      8. Ongoing Governance Proposals and Updates

      The Uniswap community has been active in governance, with various proposals to improve the protocol, such as fee structures, token distribution, and integration with other protocols and infrastructure projects within the DeFi space.

      9. Continued Expansion and Integrations

      Uniswap has continued to expand its footprint by integrating with various wallets, platforms, and blockchain networks, aiming to increase its accessibility and usability across the DeFi ecosystem.

    • What Is UNI Token Used for?

      The UNI token is the native governance token of the Uniswap protocol, serving several key purposes within its ecosystem. Here's a breakdown of its primary uses:

      1. Governance

      > Protocol Governance: UNI token holders can participate in the governance of the Uniswap protocol. They can propose, vote on, and implement changes to the protocol. This decentralized governance model allows for community-driven development and decision-making, ensuring that the protocol evolves in a way that benefits its users.

      > Treasury Oversight: The Uniswap treasury, funded by protocol fees and other sources, is under the control of UNI token holders. Governance can decide on how to allocate these funds, whether for further development of the protocol, grants to projects within the ecosystem, or other initiatives to support the growth of Uniswap.

      > Fee Switch: A significant potential use of governance power is the activation of the protocol fee switch. If enabled, a portion of the trading fees could be directed to UNI holders, creating a direct financial incentive for token ownership and participation in governance.

      2. Liquidity Mining and Incentives

      In certain periods, Uniswap has used UNI tokens to incentivize liquidity provision to selected pools. By distributing UNI tokens to liquidity providers, the protocol can encourage more users to supply liquidity, enhancing the depth and efficiency of the markets.

      3. Community and Ecosystem Development

      UNI tokens can be used to fund grants, partnerships, and community-led initiatives aimed at improving the Uniswap ecosystem. This includes development grants for projects building on or integrating with Uniswap, educational programs, and other community activities.

      4. Trade UNI on KuCoin

      Trade Uniswap crypto against other crypto assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell $UNI or HODL if you believe in the future of the Uniswap platform and the overall DeFi market. Remember to undertake trades in the crypto market only after you DYOR.

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