Uniswap Price Today

The current real-time Uniswap price is $7.95 . UNI price has plummeted by 5.98% in the last day and decreased by 3.7% in the last seven days. It’s important to note that the current Uniswap market capitalization is $4,771,412,935. The maximum supply is coins, with a circulating supply of 600,034,294.71. UNI is ranked #22 in terms of market cap.

The Basics of Uniswap

Uniswap (UNI) is a decentralized crypto-trading protocol commonly used to buy and sell Decentralized Finance (DeFi) assets. The project is built on the Ethereum network and benefits from its security features and lack of centralization. The Uniswap ecosystem comprises a governance token and a multi-chain Automated Market Maker (AMM) platform.

People commonly buy UNI as a speculative investment tied to the performance of and adoption of Uniswap’s services, which include a crypto swaps platform, liquidity pools, a system for purchasing cryptocurrencies, and a tool for sending assets to other users without an external wallet.

Hayden Adams, a well-known Ethereum developer, created Uniswap in 2018. Today, Adams is still involved with the Uniswap protocol and serves as the CEO at Uniswap Labs. The company builds products for the Uniswap ecosystem and is responsible for much of Uniswap’s development. 

Despite being realized by Adams, the concept of Uniswap and the project’s name were initially conceptualized by Ethereum founder Vitalik Buterin, who envisioned a Decentralized Crypto Exchange (DEX) reliant on no central authority and powered by AMM technology.  

How Uniswap Works

Uniswap is built on the Ethereum network, so the project utilizes its underlying technology and approach to creating a functional cryptocurrency. While Uniswap commonly refers to the trading platform, UNI is an ERC-20 token that can be used for governance. All UNI transactions require ETH to pay gas fees for transaction validation. 

In contrast to traditional crypto exchanges like Binance or Bybit, which pair buyers and sellers using an order book system, Uniswap follows the Automated Market Maker (AMM) model. This model enables buyers and sellers to interact with a liquidity pool that is permissionless, decentralized, and funded by AMM users. 

Traders must interact with Liquidity Pools (LPs) to acquire tokens on Uniswap. These LPs are funded by users who pledge a crypto asset to provide liquidity in order to earn rewards generated by buyer transaction fees their pledge generates. Liquidity providers can dictate the fee rate and price at which they want their liquidity accessible. 

Uniswap utilizes Ethereum’s Proof-of-Stake (PoS) consensus mechanism for transaction validation. However, although several platforms offer UNI staking, the asset cannot be staked in Uniswap directly to secure the network or validate transactions. 

Unique Aspects of Uniswap 

Uniswap is a popular DEX enabling traders to buy, transfer, and swap crypto assets. However, the UNI token is used almost exclusively for governance. Token holders can vote on new proposals or updates to the Uniswap ecosystem. People who hold more UNI receive a larger share of voting power. 

Uniswap releases semi-regular updates to its ecosystem that improve efficiency and lead to a better overall user experience. Uniswap V2 launched in 2018 and brought ERC-20 token and flash swap support to the platform. V3 launched in 2021 and introduced new infrastructure, superior order execution, and better efficiency for liquidity providers. 

Uniswap DAO

Following the launch of the UNI token, Uniswap became a Decentralized Autonomous Organization (DAO), meaning control over the project is in the community’s hands. Previously, the development team had control over Uniswap. As UNI holders vote on new proposals, Uniswap’s development should always align with the community’s wishes. 

Uniswap Price History

Uniswap officially released its token in September 2020, initially sold for around $2.75, UNI surged to around $5.24 within 24 hours. An airdrop of 400 UNI, worth around $2,096, was distributed to some community members. 

Following its launch, the UNI price dropped to roughly $3.30 by December. As the 2021 bull run caused the crypto market to surge and hype surrounding the Uniswap V3 update began to build, UNI went parabolic, rising from $4.73 at the start of the year to an all-time high of $43.08 by May. 

As the market lost momentum and the V3 update hype passed, UNI fell to $14.57 in July 2021. Although it surged to $30.27 in August, UNI steadily fell afterward, slowly bleeding value until October 2023, when it hit $3.99. 

The market performed well at the start of 2024, leading UNI to hit $15.39 in March. However, the asset hasn’t been able to maintain its momentum and now trades at $7.95 .