Real-Time UNI Price Overview
Uniswap (UNI) is currently trading at $7.34**, with a 24-hour trading volume of **$233,483,771. Over the past day, the price has decreased by 4.03%, while it has increased by 6.67% over the last week. The current market capitalization stands at $4,617,939,472, with a circulating supply of 628,739,837 UNI tokens. Uniswap currently ranks #30 in the global cryptocurrency market.
Today's price is 83.67% below its all-time high but remains 1,652.93% above its historical low. All data and prices are updated in real-time to provide accurate information.
What Is Uniswap?
Uniswap is a leading decentralized cryptocurrency exchange operating on the Ethereum blockchain. It facilitates the trading of various ERC-20 tokens through automated liquidity pools. Unlike traditional exchanges, Uniswap employs an Automated Market Maker (AMM) system, which uses smart contracts to create liquidity pools and execute trades without order books.
Liquidity Providers (LPs) deposit tokens into these pools, enabling decentralized trading without intermediaries. LPs receive pool tokens representing their share of the liquidity pool, including 0.3% trading fees. These tokens can be traded, sold, or used in other decentralized applications (DApps). When liquidity is withdrawn, the tokens are burned.
Uniswap aims to enhance trading efficiency through automation, accessibility, and reduced costs. Its design mitigates common issues in decentralized exchanges, such as liquidity shortages, by encouraging widespread participation.
Founders of Uniswap
The concept of Uniswap originated from a 2016 proposal by Vitalik Buterin for a decentralized exchange using on-chain automated market makers. Hayden Adams, an Ethereum developer, began developing the protocol in 2017. Buterin provided guidance during the early stages. Initially named "Unipeg," the project was rebranded to Uniswap based on Buterin's suggestion.
The UNI Token
UNI is the governance token of the Uniswap ecosystem, launched in September 2020 via a retrospective airdrop. Early users received 400 UNI tokens each, distributing approximately 150 million tokens. UNI holders can participate in governance decisions, including proposals related to treasury management, protocol upgrades, and future development.
To submit a governance proposal, holders must undergo a three-phase process:
- Temperature Check: A preliminary vote requiring 25,000 UNI in favor within two days.
- Consensus Check: A refined proposal needing至少 50,000赞成 votes.
- Governance Proposal: Formal on-chain voting requiring 2.5 million UNI delegation and a seven-day voting period.
UNI tokens are ERC-20 compatible and can be stored in wallets like MetaMask or Ledger. While liquidity mining initially distributed tokens, no official free distribution methods exist today. Always verify market conditions using real-time charts before purchasing.
UNI Tokenomics
UNI has a maximum supply of 1 billion tokens. The circulating supply is expected to reach this cap by 2024, after which a 2% annual inflation rate will commence. Unlike Bitcoin, UNI is not inherently scarce, meaning its value depends heavily on demand.
Token distribution allocates 60% to the community, with the remainder distributed among team members, investors, and advisors over a four-year vesting period.
Frequently Asked Questions
What Was the Highest Price of Uniswap?
UNI reached its all-time high of $44.97 on May 3, 2021.
What Was the Lowest Price of Uniswap?
The all-time low of $0.4190 occurred on September 17, 2020.
How Can I Securely Store UNI Tokens?
Use reputable hardware or software wallets compatible with ERC-20 tokens. For advanced security options, explore recommended storage solutions.
What Factors Influence UNI's Price?
Market sentiment, Ethereum network activity, regulatory news, and overall cryptocurrency trends significantly impact UNI's value.
Is Uniswap Suitable for Beginners?
Yes, its user-friendly interface and automated processes make it accessible. However, understanding liquidity provision and impermanent loss is crucial.
How Does Uniswap Compare to Centralized Exchanges?
Uniswap offers greater privacy and decentralization but may have higher fees during network congestion. Compare trading platforms to find the best fit for your needs.