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uniswap  (UNI)

Uniswap (UNI)

$20.65 -0.1%
0.00057012 BTC 1.3%
0.00917197 ETH -0.2%
134,111 people like this
Market Cap
$10,728,490,422
24 Hour Trading Vol
$276,734,026
24h Low / 24h High
$19.70 / $21.10
Circulating Supply
519,857,388 / 1,000,000,000
Fully Diluted Valuation
$20,637,372,223
Max Supply
1,000,000,000
Total Value Locked (TVL)
$4,605,296,139
Market Cap / TVL Ratio
2.33
Fully Diluted Valuation / TVL Ratio
4.48

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1h
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Uniswap Price and Market Stats

Uniswap Price
UNI Price $20.64
Market Cap $10,728,490,422
Market Cap Dominance 0.69%
Trading Volume $276,819,441
Volume / Market Cap 0.0257
24h Low / 24h High $19.70 / $21.10
7d Low / 7d High $20.37 / $24.26
Market Cap Rank #11
All-Time High $44.92 -53.9%
May 03, 2021 (about 2 months)
All-Time Low $1.03 1912.0%
Sep 17, 2020 (9 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 UNI/USD
$20.55
20.554 USD
0.1% $1,326,674 $1,054,041
$519,947
25296.665 UNI
0.19% Recently
2 UNI/USD
$20.55
20.54806 USD
0.02% $2,021,719 $155,928
$67,198
3270.300 UNI
0.02% Recently
3 UNI/USDT
$20.69
20.597 USDT
0.03% $569,400 $656,856
$47,336,224
2288060.353 UNI
17.11% Recently
4 UNI/ETH 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984
$20.72
0.0092027870758289 ETH
0.6% $1,210,110 $1,206,474
$6,067,591
292896.430 0X1F9
2.19% Recently
5 UNI/BTC
$20.66
0.00057053 BTC
0.03% $1,283,157 $165,124
$259,879
12580.530 UNI
0.09% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Uniswap Coin Price & Market Data

Uniswap price today is $20.65 with a 24-hour trading volume of $276,734,026. UNI price is down -0.1% in the last 24 hours. It has a circulating supply of 520 Million UNI coins and a max supply of 1 Billion. If you are looking to buy or sell Uniswap, Bitfinex is currently the most active exchange.

What is UNI?

UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.

The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.

What is Uniswap?

Uniswap is a decentralized exchange (DEX) that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange. 

Users just need an Ethereum wallet like Metamask and they can immediately start swapping tokens. Users can then swap tokens directly without the need of an orderbook. 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 are compensated with a 0.3% trading fee for providing liquidity on the protocol.

uniswap v3 interface

When was Uniswap founded?

The protocol was founded by Hayden Adams in 2018. Hayden was mainly inspired by the technology that was first described by Ethereum co-founder, Vitalik Buterin.

What is an Automated Market Maker (AMM)?

An AMM uses a pricing algorithm to price assets. Uniswap uses the “x*y = k” formula to price its assets. Within the formula, 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.

Uniswap popularized the AMM model and other crypto protocols started utilizing the AMM due to its innovative and decentralized features. However, one of the biggest setbacks for the AMM model is impermanent loss.

Impermanent loss is 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 larger the change, the larger the impermanent loss will be.

How to obtain UNI?

UNI tokens are available for purchase in a few decentralized and centralized exchanges. In the past, one way to obtain free UNI would be through liquidity mining but the incentive ended on 17th November 2020. There are currently no known ways of obtaining free UNI tokens, hence any kind of airdrop promoted online would most likely be a scam.

What is UNI’s Price Prediction

Currently, the 0.3% trading fees do not accrue to UNI token holders - all trading fees currently only accrue to Liquidity Providers. With the protocol doing over $1 billion of daily trading volume, experts are speculating that the price of UNI will be based on the potential return made through fees, should at some point governance decide to enable that.

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