Uniswap UNI

1. Summary

Ranks

Liquidity

100

Developer

44

Social

100

Momentum (beta)

4

Stack Rank™

30

Price

$7.20 -8.7%

Market Cap

$5.41B (#19)

Supply

753.77M / 1.00B

Tags

Binance Smart Chain Ecosystem Exchange-based Tokens Decentralized Exchange Token (DEX) Automated Market Maker (AMM) Yield Farming DeFi Governance Near Protocol Ecosystem Avalanche Ecosystem Polygon Ecosystem xDAI Ecosystem Harmony Ecosystem Arbitrum Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Decentralized Exchange (DEX) Gnosis Chain Ecosystem Optimism Ecosystem Токены бирж Экосистема Ethereum Arbitrum Ecosysteem Avalanche Ecosysteem Bestuur BNB Chain Ecosysteem Ethereum Ecosysteem Geautomatiseerde Market Maker (AMM) Gedecentraliseerde financiën (DeFi) Gedecentraliseerde uitwisseling (DEX) Gnosis Chain Ecosysteem Harmonie Ecosysteem Optimism Ecosysteem Op uitwisseling gebaseerde tokens Polygon Ecosysteem التمويل اللامركزي (DeFi) نظام Arbitrum نظام Avalanche نظام BNB Chain نظام Ethereum نظام Gnosis Chain نظام Harmony نظام Near Protocol نظام Optimism نظام Polygon Écosystème Avalanche Écosystème Chaîne BNB Écosystème Ethereum Écosystème Polygon Jetons basés sur les échanges BNB Chain Ekosistemi Ethereum Ekosistemi BNB Chainエコシステム Экосистема Avalanche Экосистема BNB Chain Экосистема Polygon ガバナンス イールドファーミング Arbitrumエコシステム Avalancheエコシステム Ethereumエコシステム Gnosis Chainエコシステム Harmonyエコシステム Optimismエコシステム Polygonエコシステム 分散型取引所 (DEX) 分散型金融 (DeFi) 取引所トークン 自動マーケットメーカー (AMM) Harmony Ekosistemi Polygon Ekosistemi Ekosystem BNB Chain Ethereum-Ökosystem Yönetişim Merkeziyetsiz Finans (DeFi) Ecosistema BNB Chain Ecosistema Ethereum Ecosistema Harmony Ecosistema Polygon Arbitrum Ekosistemi Avalanche Ekosistemi Gnosis Chain Ekosistemi Optimism Ekosistemi BNB Chain-Ökosystem Ecosistema Arbitrum Ecosistema Avalanche Ecosistema Gnosis Chain Ecosistema Optimism Finanzas descentralizadas (DeFi) Borsa Tabanlı Tokenlar Pengelolaan 이더리움 생태계 BNB Chain 생태계 Ekosystem Ethereum Ekosistem Avalanche Ekosistem Ethereum Ekosistem Polygon Eksosistem BNB Chain Token Berbasis Bursa Coinbase Ventures Portfolio Paradigm Portfolio Merkeziyetsiz Borsa (DEX) Otomatik Piyasa Yapıcı (AMM) Defi Pulse Index (DPI) Écosystème Harmony Ekosystem Harmony Ekosystem Polygon Harmony-Ökosystem Polygon-Ökosystem Децентрализованные финансы (DeFi) Экосистема Arbitrum Экосистема Gnosis Chain Экосистема Harmony Экосистема Near Protocol Экосистема Optimism Управление Gouvernance الإدارة Автоматизированный маркетмейкер (AMM) Децентрализованная биржа (DEX) Фарминг доходности Harmony 생태계 Polygon 생태계 거버넌스 Ekosistem Arbitrum Avalanche 생태계 Arbitrum 생태계 탈중앙화된 금융(DeFi) Gnosis Chain 생태계 Near Protocol 생태계 Optimism 생태계 Ekosystem Avalanche Tokeny giełd Échange Décentralisé (DEX) Écosystème Arbitrum Écosystème Chaîne Gnosis Écosystème Optimism Financement décentralisé (DeFi) Market Maker Automatisé (AMM) Gobernanza Agricultura de rendimiento Intercambio descentralizado (DEX) Maker de mercado automatizado (AMM) Tokens basados en intercambios Ekosystem Arbitrum Ekosystem Gnosis Chain Ekosystem Near Protocol Ekosystem Optimism Zdecentralizowane finanse (DeFi) Bursa Terdesentralisasi (DEX) Ekosistem Gnosis Chain Ekosistem Harmony Ekosistem Optimism Keuangan Terdesentralisasi (DeFi) Pembuat Pasar Otomatis (AMM) Avalanche-Ökosystem Börsenbasierte Tokens رموز معتمد على الصرف Automatiserad marknadsgarant (AMM) Decentraliserad finans (DeFi) Decentraliserad valutabörs (DEX) Ekosystemet Arbitrum Ekosystemet Avalanche Ekosystemet BNB Chain Ekosystemet Ethereum Ekosystemet Gnosis Chain Ekosystemet Harmony Ekosystemet Optimism Ekosystemet Polygon Förvaltning Valutabörsbaserade tokens Yield-farming استثمار العائد التبادل اللامركزي (DEX) صانع السوق الآلي (AMM) Arbitrum-Ökosystem Dezentrale Börse (DEX) Dezentralisiertes Finanzwesen (DeFi) Gnosis Chain-Ökosystem Optimism-Ökosystem Zarządzanie Automatyczny animator rynku (AMM) Giełda zdecentralizowana (DEX) 거래소 기반 토큰 이자 창출 자동 마켓 메이커(AMM) 탈중앙화 거래소(DEX)

More Metrics

Price
52W High price	$15.40
52W High date	7th Mar 2024 (1 month ago)
All Time High (ATH) Date	3rd May 2021 (2 years ago)
ATH Price	$44.92
% From ATH	-83.9%
All Time Low (ATL) Date	17th Sep 2020 (3 years ago)
ATL Price	$1.03
% From ATL	601.79%

Supply & Trading Volume
Trading Volume (24h)	$259.19M
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	753.77M

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Description

Uniswap is an Ethereum-based decentralized exchange (DEX) that allows for the swapping of ERC20 tokens. The beauty of it is the fact that, unlike other exchanges that are designed to make money out of fees, Uniswap is designed to function as a tool for the community to trade without platform fees or middlemen. Uniswap uses a math equation as well a...

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Uniswap is an Ethereum-based decentralized exchange (DEX) that allows for the swapping of ERC20 tokens. The beauty of it is the fact that, unlike other exchanges that are designed to make money out of fees, Uniswap is designed to function as a tool for the community to trade without platform fees or middlemen. Uniswap uses a math equation as well as pools of tokens and ETH to determine prices and execute trades.

Uniswap originally launched in November of 2018 and gained popularity due to the rise of DeFi in popularity.

It aims to keep trading automated and completely open to just about anyone that holds a token while also improving the efficiency of trading when compared to that on traditional exchanges. Uniswap actually creates more efficiency through solving liquidity issues with automated solutions which leads to none of the problems that some of the first decentralized exchanges had to deal with.

The UNI Token Explained

In September of 2020, Uniswap launched the UNI governance token with an airdrop to anyone that had used the protocol before September the 1st.

Uni is the native token of the Uniswap protocol and it gives its owner’s governance rights. Any UNI holder can vote on changes to the protocol. 1 billion UNI tokens were minted at genesis, where 60% were given to Uniswap community members, and 40% to team members, investors, and advisors through the span of four years.

The distribution to the community works and occurs through liquidity mining.

Features of Uniswap

The way Uniswap differentiates itself is due to its usage of a pricing mechanism known as the Constant Product Market Maker Model. Any token can be added to Uniswap through funding it with an equivalent value of ETH and the ERC20 token that is traded.

Instead of connecting buyers to sellers to determine the price, Uniswap uses a constant equation that goes like this: x*y=k.

Any ERC20 token can be listed on Uniswap without any permission, and each token has its own smart contract as well as a liquidity pool. If a liquidity pool does not exist for the token in question, it can easily be created.

Once a token has its own exchange smart contract as well as liquidity poo, anyone has the ability to trade the token or contribute to the pool while earning a liquidity provider fee of 0.3%.

The important thing to note here is that in order to contribute to a liquidity pool, you will need an equal value of ETH and ERC20 tokens.

Founders of Uniswap (UNI)

Uniswap was created as an automated market maker (AMM) on Ethereum by Hayden Adams, who was also an Ethereum developer.

Adams worked on multiple projects as he worked n Uniswap, and his work was closely followed by the creator of Ethereum known as Vitalik Buterin. An interesting fact here is that Buterin actually gave Uniswap its name.

Now, Adams mentioned that the original inspiration for this platform came from the blog posts that Buterin was writing at the time.

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