Uniswap is a decentralized exchange that allows users to trade tokens directly from their wallets using smart contracts. It operates through liquidity pools funded by users rather than traditional order books. Prices are determined automatically using a mathematical formula based on token supply within each pool. This system enables continuous trading, open access, and permissionless market creation without relying on centralized intermediaries or market makers.

UNI is the governance token of the Uniswap protocol. It allows holders to propose and vote on changes such as protocol upgrades, fee switches, treasury allocations, and governance processes. UNI does not represent ownership of liquidity pools but gives holders influence over the long term direction of the protocol. Governance decisions are executed on chain through the Uniswap DAO once voting thresholds are met.

Uniswap was created by Ethereum developer Hayden Adams. The project was inspired by earlier ideas around automated market makers and guidance from Ethereum co founder Vitalik Buterin. Adams launched Uniswap to make decentralized trading more efficient and accessible. While Uniswap Labs continues to develop the protocol’s interfaces and tooling, governance of the protocol itself is managed by the Uniswap community through the UNI token.

Uniswap does not require user accounts, identity verification, or custody of funds. Trades are executed directly on chain through smart contracts, with users retaining control of their assets. Liquidity is provided by users rather than professional market makers. This structure reduces reliance on centralized entities and allows anyone to create trading pairs, making Uniswap more open but dependent on Ethereum network conditions.

An automated market maker is a system that uses algorithms instead of order books to price assets. In Uniswap, each liquidity pool holds two tokens, and prices adjust automatically based on trades using a constant product formula. This mechanism ensures liquidity is always available, though prices can shift with large trades. Liquidity providers earn fees for supplying assets to these pools.

Uniswap v2 introduced ERC 20 to ERC 20 trading, flash swaps, and improved price oracles. Uniswap v3 added concentrated liquidity, allowing liquidity providers to choose specific price ranges for their capital. This improves capital efficiency and fee generation but requires more active management. V3 also introduced multiple fee tiers to better match different asset volatility profiles.

Uniswap is secured by Ethereum, as all trading and liquidity operations are executed through Ethereum smart contracts. The protocol’s security depends on Ethereum’s consensus mechanism and the correctness of Uniswap’s smart contract code. While the protocol is decentralized, users remain exposed to risks such as smart contract vulnerabilities and network congestion, which can affect transaction costs and execution speed.

The total supply of UNI is capped at 1 billion tokens. These were distributed across community members, the team, investors, and advisors, with vesting schedules applied to non community allocations. After the initial four year distribution period, a perpetual annual inflation rate of 2 percent is designed to incentivize ongoing participation in governance and ecosystem activity.

The Uniswap DAO is the governance body responsible for managing the protocol’s development and treasury. UNI holders can submit proposals, participate in consensus checks, and vote on final governance decisions. The DAO controls a large on chain treasury used for grants, development funding, and ecosystem initiatives. Governance thresholds are designed to balance open participation with protection against spam proposals.

UNI is available on major centralized and decentralized exchanges. It can be traded against cryptocurrencies, stablecoins, and fiat pairs depending on the platform. UNI is also tradable directly on the Uniswap protocol itself through its liquidity pools. Availability may vary by region and exchange, but UNI remains one of the most widely listed DeFi governance tokens.

The current Uniswap price is $3.49. The Uniswap price has changed by 2.9235796881981084% in the last 24 hours.

The current market capitalization is $2,209,377,624. This represents the total value of all circulating tokens at the current price.

There are currently 388,984 unique addresses holding Uniswap. The top 10 holders control approximately 52% of the total supply.

The 24-hour trading volume is $125,185,543. This represents the total value of all trades executed in the last 24 hours across all exchanges.

Uniswap is available for trading on various centralized exchanges (CEX) like BVOX, Binance, KuCoin and decentralized exchanges (DEX) like Dex-Trade, Uniswap V4 (Ethereum), Uniswap V3 (Ethereum). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

The primary contract address is 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 on the ethereum blockchain. This is where the token's core functionality is implemented.

The all-time high for Uniswap was $45. This represents the highest price the token has ever reached.