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Uniswap (UNI)

Uniswap - UNI Uniswap
63.9081 NOK
▲ 0.34 %
1h Change
▲ 0.34 %
UNI / NOK - 1h change
24h Change
▲ 1.14 %
UNI / NOK - 1d change
1w Change
▲ 18.67 %
UNI / NOK - 1w change
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Price of Uniswap Today - IT dynamic data

Price of Uniswap Today – IT dynamic data

UNI Historical Price

2020

Uniswap's protocol token launched in September 2020, just in time to benefit from the crypto market's bull run.

2021

On May 4, 2021, Uniswap's price hit an all-time high of $45.01. However, it then pulled back along with the broader crypto market. Throughout the summer of 2021, Uniswap's price fluctuated between $15 and $30.

2023

In 2023, Uniswap's price ranged from $3.67 to $8.23, with an average of $5.53. Its market cap was $3.8 billion, and its trading volume was $82.9 million. About 67% of the total supply, or 680.5 million tokens, were in circulation.

2024

In 2024, Uniswap's price improved, ranging from $4.73 to $16.79, with an average of $8.54. The market cap grew to $5.1 billion, and trading volume increased to $153.3 million. 88% of the total supply, or 595.1 million tokens, were circulating, reflecting stronger performance and market activity.

Currently, UNI has more than 1,300 tokens and more than 2,400 pairs.

UNI to Local Currency – IT dynamic data

About Uniswap

What is Uniswap (UNI)?

The Uniswap (UNI) coin is the governance token for the Uniswap decentralized exchange (DEX). UNI tokens play an important role in the Uniswap ecosystem by allowing holders to influence the protocol's development and direction. 

  • UNI holders can propose and vote on changes to the protocol, such as upgrades, fee structures, and the allocation of funds within the Uniswap treasury.
  • A portion of UNI tokens were distributed to users who had previously interacted with the Uniswap protocol, and additional tokens were allocated to the team, investors, and a community treasury.
  • Beyond governance, UNI tokens can be used within the Uniswap ecosystem, including staking and other decentralized finance (DeFi) activities.

Who Founded Uniswap?

The Uniswap coin was launched by the Uniswap team led by Hayden Adams. Adams is the founder of Uniswap and developed the platform in 2018. 

The launch of the UNI token took place in September 2020, as part of an effort to decentralize the protocol's control and engage the community more directly in its governance. 

Uniswap DAO

Uniswap DAO (Decentralized Autonomous Organization) is a community-led governance framework that allows UNI token holders to propose and vote on changes to the Uniswap protocol. 

The DAO ensures that the Uniswap protocol remains decentralized and evolves according to the community's interests.

  • Any UNI token holder can submit proposals for changes or improvements to the protocol. These proposals can cover a wide range of topics, including protocol upgrades, fee adjustments, and allocation of treasury funds.
  • UNI holders vote on proposals using their tokens. The more UNI tokens a holder has, the more weight their vote carries.
  • The governance process typically involves several stages, including discussion, formal proposal submission, and on-chain voting. The development team or relevant stakeholders implement proposals that receive sufficient support.

Uniswap NFT Aggregator

Uniswap NFT Aggregator is a feature that allows users to trade non-fungible tokens (NFTs) across various marketplaces through the Uniswap interface. 

This feature simplifies the NFT trading experience by providing a single platform where users can access multiple NFT marketplaces.

  • Users can view, trade, and manage NFTs from different marketplaces within the Uniswap app, making finding and trading NFTs easier.
  • By aggregating listings from multiple NFT marketplaces, Uniswap ensures that users can access a broader range of NFTs and find the best prices and deals.
  • The aggregator leverages Uniswap's user-friendly interface and DeFi integrations, providing a smooth trading experience for both novice and experienced users.

What Makes Uniswap Unique?

Automated Market Maker (AMM) Model

Unlike traditional exchanges that use order books to match buyers and sellers, Uniswap employs an AMM model where trades are executed against liquidity pools. This model ensures continuous liquidity and allows consistent trading without needing a centralized order book.

Decentralization

Uniswap operates without a central authority, making it highly resistant to censorship and control. This decentralization is achieved through smart contracts on the Ethereum blockchain, ensuring that the platform is open and accessible to anyone.

Permissionless

Anyone can create a new liquidity pool or add liquidity to an existing one without needing approval. This unrestricted quality encourages diversity and creativity within the ecosystem.

Liquidity Provider Incentives

Users who provide liquidity to Uniswap pools earn a share of the trading fees generated from the pool, incentivizing participation and enhancing liquidity.

Governance via UNI Token

Uniswap's governance is decentralized and controlled by UNI token holders, who can propose and vote on changes to the protocol. This ensures that the development and future direction of Uniswap are community-driven.

Interoperability and Composability

Uniswap integrates smoothly with other DeFi protocols, allowing for composable financial products. This interoperability has made Uniswap a foundational piece in the DeFi ecosystem.

Uniswap Network Security

Smart Contract Audits

Reputable third-party security firms regularly audit Uniswap’s smart contracts. These audits help identify and mitigate potential vulnerabilities in the code.

Bug Bounty Programs

Uniswap offers bug bounty programs that encourage security researchers to identify and report vulnerabilities. This community-driven approach improves security by using the expertise of external developers.

Immutable Smart Contracts

Once deployed, Uniswap’s smart contracts are immutable. This means that the contract code cannot be changed or tampered with, ensuring that the protocol operates as intended without interference.

Open-Source Code

Uniswap’s code is open-source, allowing developers and security experts worldwide to review it. This transparency fosters trust and allows for continuous improvement.

Community Governance

Through the UNI token, the community has a say in the protocol’s development and security practices. Decentralized governance ensures that no single entity can unilaterally make decisions that could compromise security.

How to Buy UNI?

Step 1: Select a reputable cryptocurrency exchange that supports UNI. Examples include Coinbase, Binance, Kraken.

Step 2: Sign up for an account on your chosen exchange. 

Step 3: Deposit funds into your exchange account. You can do this via bank transfer, credit/debit card, or by depositing other cryptocurrencies.

Step 4: Navigate to the trading section of the exchange. Select the UNI trading pair that matches your deposited funds (e.g., UNI/USD, UNI/BTC). Enter the amount of UNI you wish to purchase. Confirm the transaction.

Uniswap Investment Risks

  • Decentralized Exchanges (DEXs) are a growing field. New DEXs with innovative features could steal market share from Uniswap, impacting the value of UNI.
  • Like Uniswap, regulations targeting DeFi could affect UNI's price.
  • UNI's price might not directly correlate with Uniswap's overall success. The platform's dominance doesn't necessarily guarantee high token value.
  • While less prominent for UNI holders, vulnerabilities in Uniswap's smart contracts could still lead to security breaches and impact the overall DeFi ecosystem, including UNI.

FAQ About UNI Price

How do I earn UNI

You cannot directly earn UNI. However, you can buy it on exchanges, provide liquidity on Uniswap (but be aware of impermanent loss).

Is UNI a good investment?

Depends on your risk tolerance. Consider the risks mentioned earlier.

What are some other DeFi tokens?

AAVE, COMP, MKR – explore the DeFi market for options.

Where can I buy UNI?

Major crypto exchanges like Coinbase and Binance.

  • Updated 2025-01-31 09:36:59