| Current Rating | 21 |
|---|---|
| Symbol | UNI |
| Logo |  |
| Price change, 1h | 1.71% |
| Price change, 24h | 5.10% |
| Price change, 7d | 9.93% |
| UNI current price | $6.64 |
| UNI Market cap | $3 906 257 760 |
| Available supply | 588 187 016 UNI |
| Volume, 24h | $160 954 768 |
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.
Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams. Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg.
Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017.
Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere. One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap.
Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity.
By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens.
According to Uniswap, their governance token (UNI) was created in order to “officially enshrin[e] Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.”
The total supply of Uniswap’s governance token, UNI, is 1 billion units. These will become available over the course of four years, after which Uniswap will introduce a “perpetual inflation rate” of 2% to maintain network participation.
Token distribution currently consists of the following: 60% to Uniswap community members, i.e. users, 21.51% to team members, 17.8% to investors and 0.69% to advisors. The latter three distributions will occur according to a four-year vesting schedule.
Out of the majority set to go to users, 15% can be claimed by those who used Uniswap prior to Sep. 1, 2020. These even include users who submitted transactions which were never successful — they are eligible for 400 UNI.
Uniswap is a decentralized protocol for trading, and UNI is its in-house governance token. UNI is an ERC-20 token, meaning it requires Ethereum to function.
ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants.
Separately, smart contracts can cause security issues that could lead to DeFi traders losing funds; in fact, hackers have already succeeded in stealing millions of dollars in DeFi’s short lifetime as of fall 2020.
Uniswap’s UNI governance token is available for trading on major exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. These include Binance, OKEx and Coinbase Pro, along with, naturally, Uniswap’s protocol itself.
* Forex Rating accepts no liability for any errors in the Uniswap Price or UNI Information. For the most recent information please visit the Uniswap official site.
| # | Cryptocurrency | 7 days | |
| 1 |  |
Bitcoin | 14.15% |
|---|---|---|---|
| 2 |  |
Ethereum | 12.98% |
| 3 |  |
Tether USDt | -0.02% |
| 4 |  |
BNB | 5.51% |
| 5 |  |
XRP | 10.4% |
| 6 |  |
Solana | 23.02% |
| 7 |  |
USDC | 0% |
| 8 |  |
Cardano | 45.42% |
| 9 |  |
Dogecoin | 21.96% |
| 10 |  |
Avalanche | 44.12% |
| 11 |  |
Lido stETH | -3.32% |
| 12 |  |
Wrapped TRON | 3.86% |
| 13 |  |
TRON | 3.71% |
| 14 |  |
Chainlink | 12.84% |
| 15 |  |
Polkadot | 34.52% |
| 16 |  |
Polygon | 14.48% |
| 17 |  |
Toncoin | -3.57% |
| 18 |  |
Wrapped Bitcoin | 14.26% |
| 19 |  |
Shiba Inu | 22.64% |
| 20 |  |
Litecoin | 9.73% |
| # | Broker | Cryptos | |
| 1 |  |
HFM | |
|---|---|---|---|
| 2 |  |
Octa | |
| 3 |  |
FXCC | |
| 4 |  |
FxPro | |
| 5 |  |
Vantage | |
| 6 |  |
MultiBank Group | |
| 7 |  |
Efixxen | |
| 8 |  |
Exness | |
| 9 |  |
Just2Trade | |
| 10 |  |
Dukascopy | |
| 11 |  |
easyMarkets | |
| 12 |  |
eToro | |
| 13 |  |
Forex4you | |
| 14 |  |
FOREX.com | |
| 15 |  |
Kiexo |
Cryptocurrency market capitalisation changed little at the end of trading on Wednesday, remaining close to $1.59 trillion (-0.14% d/d). But this modest result is a show of strength...
7 Dec 2023
The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day...
6 Dec 2023
Bitcoin surpassed $42K on Monday, adding more than $2,000. The last time Bitcoin traded above $40K was in April 2022, before the collapse of the Terra ecosystem triggered a massive crypto market crash...
5 Dec 2023
Gold's historic highs and the surge in risk demand at the end of last week did not spare cryptocurrencies. Cryptos experienced impressive gains on Monday, but one cannot leave aside the weekend bull run as well...
4 Dec 2023
The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks...
1 Dec 2023
The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks...
30 Nov 2023
© 2006-2023 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.
