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Uniswap price

$6.87

UNI icon

Uniswap price

UNI icon
$6.87
-4.19% past 24 hours
1H
24H
1W
1M
1Y
5Y
Market statsLast updated
$2.07B
3B
$187.17M
-$0.30
$7.17
$6.75

About Uniswap (UNI)

Uniswap (UNI) is a liquidity pool for exchanging ERC-20 tokens. Liquidity providers on the Uniswap network are rewarded a percentage of trading fees in exchange for contributing their ERC-20 tokens to liquidity pools. Traders then use these pools to profitably swap their tokens or take advantage of arbitrage opportunities. UNI is the token powering Uniswap - anyone holding the cryptocurrency can participate in the protocol's governance.
 

What is Uniswap (UNI)

A Deep Dive on Uniswap

Uniswap allows individuals to trade one cryptocurrency for another without using an order book managed by a centralized company. In this way, Uniswap operates like a vending machine for crypto — where users are able to automatically execute transactions without anyone's involvement based on clearly defined rules. Uniswap (UNI) is a decentralized exchange (DEX) built on Ethereum, allowing users to trade tokens directly via smart contracts. It uses an automated market maker (AMM) model, offering liquidity pools instead of traditional order books.

Overview and Purpose

Uniswap emerged as a solution to fundamental issues plaguing centralized cryptocurrency exchanges, particularly their security vulnerabilities and limitations in asset liquidity. As a decentralized exchange powered by automated market-making (AMM) technology, Uniswap eliminates intermediaries while providing a more secure, transparent, and accessible trading platform. The protocol specifically addresses the needs of users who might be underserved by or lack access to the traditional financial systems. In this way, Uniswap offers open access to financial services through its decentralized structure.

Network Architecture

As a protocol built on Ethereum, Uniswap inherits its underlying features, including the network's proof-of-stake consensus mechanism. The platform has expanded beyond its Ethereum roots to operate across multiple networks, including Avalanche, Arbitrum, Optimism, and Polygon to name a few. The protocol's core feature is its automated market maker system, which allows for automatic trading using liquidity pools instead of traditional order books. Flash swaps enable users to withdraw tokens without upfront capital, provided they return liquidity within the same transaction block.

UNI Token Fundamentals

The UNI token serves as the governance token and backbone of the Uniswap ecosystem. Token holders can vote on key protocol decisions that influence the platform's development and future direction. Beyond governance, UNI tokens enable holders to take part in the protocol's decision-making process and engage with the platform's ecosystem of decentralized applications.

Supply Characteristics

Uniswap launched with a fixed maximum supply of 1 billion UNI tokens, distributed through a carefully structured allocation plan:

  • 45% (450,000,000 UNI) allocated to governance
  • 21.51% (215,110,000 UNI) designated for the team
  • 17.8% (178,000,000 UNI) distributed to investors
  • 15% (150,000,000 UNI) reserved for community token distribution via airdrop
  • 0.69% (6,900,000 UNI) allocated to advisors

Project Development

Uniswap's journey began on November 2, 2018, when founder Hayden Adams launched the protocol. Adams, whose career started in engineering in 2016, was inspired by Ethereum co-founder Vitalik Buterin's work in on-chain trading and decided to create Uniswap in order to demonstrate the AMM concept. The project has received significant backing from notable investors, starting with a $100,000 grant from the Ethereum Foundation in August 2018. Subsequent funding rounds included a $1.8 million seed round from Paradigm in April 2019, an $11 million Series A led by Andreessen Horowitz in July 2020, and a substantial $165 million Series B round led by Polychain Capital in October 2022.

Relevant Links

Uniswap (UNI) Price Today

Uniswap price today is $6.87.

586,564 UNI was purchased today on Kraken worth $4,029,692. Check out the UNI chart above for more real time price data. Want to get updates on the latest crypto prices on-the-go? Sign up today to receive UNI price alerts. Kraken lets you buy and sell 434 cryptocurrencies, including UNI. There are some geographic restrictions which may affect the assets that are available in your verified country of residence. View all crypto prices.

Uniswap (UNI) Price History

Uniswap price is -30.29% over the last year. The highest price of UNI in the last year was $18.71 and the lowest price of Uniswap in the last year was $4.76.

24h
-4.19%
7d
-5.12%
1m
+7.64%
1y
-30.29%

Categories

Kraken classes Uniswap to be within the following categories: Decentralized Exchange, Exchange-based Tokens, DeFi, Avalanche Ecosystem, Polygon Ecosystem, Arbitrum Ecosystem.

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Uniswap FAQ

Can I trade Uniswap at a lower price?

Yes, you can choose what price you pay for Uniswap using Custom Orders on Kraken. If the price of Uniswap reaches to your desired price, the order will execute automatically.

Is now a good time to buy Uniswap?

Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Uniswap over time and not worry about whether or not now is the best time to buy.

What is the daily trading volume of Uniswap?

586,564 UNI worth $4,029,692 was traded on Kraken in the last 24 hours.

What affects the Uniswap price?

A variety of factors affect the price of Uniswap including market sentiment, technical developments, user adoption and macro economic events.

How do I read the Uniswap price chart?

To read the Uniswap price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.

How can I analyze prices with the Uniswap chart?

Analyzing price movement using the UNI chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.

Uniswap Dollar Cost Averaging Calculator

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Uniswap markets

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