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Market

Market stats

Market cap

$18.7M

Volume (24h)

$2.1M

Circulating supply

47.4M UFT

All time high

$4.39

Price change (1h)

+0.16%

Price change (24h)

-1.39%

Price change (7d)

-7.34%

About UniLend

UniLend is a blockchain-based protocol.  UniLend aims to address the problem of gatekeeping in the DeFi space. According to the whitepaper of UniLend, there is a requirement for a decentralized protocol that can support more digital assets. UniLend developers aim to contribute to the DeFi space by allowing more tokens to be part of it. 

Despite a huge number of cryptocurrencies, only a handful are made to be a part of most DeFi platforms which hinders many assets from participating in and contributing to the blockchain space. On the other hand, lenders in this space cannot manage associated risks independently. Peer-to-peer networks are often not viable for users because of the added costs and friction. UniLend attempts to tackle this issue of liquidity on the blockchain using smart contracts. These contracts help to combine money markets with trading services. 

UniLend also implements protocols that enable the users to design unique risk management strategies. Thus, UniLend proposes to expand DeFi by enabling it to adopt a larger market. 

UniLend Finance Token (UFT) is the primary utility token for the UniLend platform. It can be understood as a transferable representation of the functions attributed to the protocol. The goal of UFT is to be used as a convenient mode of settlement between participants of the platform. The token also provides incentives to users who want to contribute to the ecosystem. 

UFT assists in the governance of the platform. Users who hold the token can vote regarding the functions of the protocols as well as any necessary changes to the same. The changes also encourage transparency by requiring majority consensus to accept a proposal. 

UniLend aims to create a niche market that is not given significant attention in the blockchain ecosystem. Fragmented protocols with limited functionality restrict the growth of DeFi. UniLend strives to create a space where functionalities of the DeFi system co-exist with trading capabilities.

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UniLend is on the decline this week.

The price of UniLend has increased by 0.16% in the last hour and decreased by 1.39% in the past 24 hours. UniLend’s price has also fallen by 7.34% in the past week. The current price is $0.39 per UFT with a 24-hour trading volume of $2.05M. Currently, UniLend is valued at 91.02% below its all time high of $4.39. This all-time high was the highest price paid for UniLend since its launch.

The current circulating supply of UniLend is 47,374,678.41 UFT which means that UniLend has as total market cap of 47,374,678.41.

FAQ

What is the current price of UniLend?

We update our UniLend to USD currency in real-time. Get the live price of UniLend on Coinbase.

What is the market cap of UniLend?

The current market cap of UniLend is $18.67M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of UniLend?

The all-time high of UniLend is $4.39. This all-time high is highest price paid for UniLend since it was launched.

What is the 24 hour trading volume of UniLend?

Over the last 24 hours, the trading volume of UniLend is $2.05M.

What other assets are similar to UniLend?

Assets that have a similar market cap to UniLend include HAPI Protocol, Sperax, Hermez Network, and many others. To see a full list, see our comparable market cap assets.

How many UniLend are there?

The current circulating supply of UniLend is 47 million.

Can I buy UniLend on Coinbase?

Yes, UniLend is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy UniLend guide.

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