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Uniswap

UNI

4.4

Price
$6.73
10/4/2022, 1:26:35 AM
diamondHands

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Market

Market stats

Market cap

$5.2B

Volume (24h)

$167.7M

Circulating supply

762.2M UNI

Typical hold time

38 days

Popularity

#13

All time high

$44.97

Price change (1h)

+0.18%

Price change (24h)

+8.55%

Price change (7d)

+11.81%

Trading activity

88% Buy0% Buy
12% Sell100% Sell

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Uniswap is on the rise this week.

The price of Uniswap has risen by 11.81% in the past 7 days. The price increased by 8.55% in the last 24 hours. In just the past hour, the price grew by 0.18%. The current price is $6.733 per UNI. Uniswap is 85.03% below the all time high of $44.97.

The current circulating supply is 762,209,326.535 UNI.

About

Uniswap (UNI) is an Ethereum token that powers Uniswap, an automated liquidity provider that’s designed to make it easy to exchange Ethereum (ERC-20) tokens. There is no orderbook or central facilitator on Uniswap. Instead, tokens are exchanged through liquidity pools that are defined by smart contracts.

What is Uniswap?

Uniswap is the largest decentralized exchange (or DEX) operating on the Ethereum blockchain. It allows users anywhere in the world to trade crypto without an intermediary. UNI, the governance token that allows users to vote on key protocol changes, is one of the largest cryptocurrencies by market cap on Coinbase.

Uniswap was one of the first decentralized finance (or DeFi) applications to gain significant traction on Ethereum — launching in November 2018. Since then, numerous other decentralized exchanges have launched (including Curve, SushiSwap, and Balancer), but Uniswap has historically remained the most popular. 

How does Uniswap work? 

Uniswap pioneered the Automated Market Maker model, in which users supply Ethereum tokens to Uniswap “liquidity pools” and algorithms set market prices based on supply and demand (as opposed to order books, which match bids and asks from users on a centralized exchange like Coinbase). 

By supplying tokens to Uniswap liquidity pools, users can earn rewards while enabling peer-to-peer trading. Users supply tokens to liquidity pools, trade tokens, or even create and list their own tokens (using Ethereum’s ERC-20 token protocol). There are currently hundreds of tokens available on Uniswap, and many popular trading pairs are stablecoins like USDC.

Some of the potential advantages of decentralized exchanges like Uniswap include:

  • Self-governing: Funds are never transferred to any third party or generally subject to counterparty risk (i.e. trusting your assets with a custodian) because both parties are trading directly from their own wallets.

  • Global and permissionless: There is no concept of borders, or restrictions on who can trade. Anyone with a smartphone and an internet connection can participate.

  • Ease-of-use and pseudonymity: No account signup or personal details are required.

What makes Uniswap unique? 

After years of successful operation, and on its path to complete decentralization, Uniswap introduced the UNI token to enable community ownership over the protocol, allowing stakeholders to vote on key protocol changes and development initiatives. When Uniswap released the token in September 2020, it used a unique form of distribution in which it “airdropped” 400 UNI tokens to each Ethereum address that had ever used the protocol. Over 250,000 Ethereum addresses received the airdrop, which was worth nearly $1,400 at the time. Airdrops have since become a popular way for DeFi apps to reward longtime users – Uniswap has said it plans to distribute a total of 1 billion UNI over four years.

How do you buy Uniswap? 

In order to use Uniswap, all you need is an Ethereum wallet and a bit of ETH (which you’ll need to pay for gas fees). Popular options include Coinbase Wallet or Metamask. Using the app or web browser built into Coinbase Wallet or Metamask you can access app.uniswap.org to start swapping tokens or supplying liquidity. 

One issue users of all Ethereum-based apps including Uniswap face are transaction fees (also called gas) that can vary widely in price and can make it expensive to use the network. Multiple solutions to this issue are in the works, from the long-planned transition to the ETH2 blockchain (scheduled for sometime in 2022) to the nearer-term rollout of a “Layer 2” scaling solution called Optimism later this year. Uniswap developers are confident that Optimism will allow for significantly cheaper Uniswap transactions.

Released: November 2018

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Social

Uniswap on social media.

Uniswap was mentioned in 21,663 out of 1,396,672 social media posts on Twitter and Reddit on Oct 02, 2022. 8,633 unique individuals are talking about Uniswap and it is ranked #11 in most mentions and activity from collected posts.

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Key indicators

Contributors

8,633 people

Posts

21,663 posts

Dominance

1.55%

Volume rank

#11

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FAQ

What is the current price of Uniswap?

The price of 1 Uniswap currently costs $6.73.

What is the market cap of Uniswap?

The current market cap of Uniswap is $5.15B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Uniswap?

The all-time high of Uniswap is $44.97. This all-time high is highest price paid for Uniswap since it was launched.

What is the 24 hour trading volume of Uniswap?

Over the last 24 hours, the trading volume of Uniswap is $167.71M.

What other assets are similar to Uniswap?

Assets that have a similar market cap to Uniswap include SHIBA INU, HEX, TRON, and many others. To see a full list, see our comparable market cap assets.

How many Uniswap are there?

The current circulating supply of Uniswap is 762 million.

What is the typical holding time of Uniswap?

The median time that Coinbase customers hold Uniswap before selling it or sending it to another account or address is 38 days.

What is the relative popularity of Uniswap?

Uniswap ranks 40 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Uniswap?

Currently, 88% of Coinbase users are buying Uniswap. In other words, 88% of Coinbase customers have increased their net position in Uniswap over the past 24 hours through trading.

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