Uniswap is a decentralized exchange (DEX) on the Ethereum blockchain, employing automated market-making (AMM) through smart contracts. Its native token is UNI... More
Fully Diluted Valuation | $9.31B |
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24H Trading Volume | $402.95M |
24H Low / High | $8.80 / $ 9.56 |
Circulating Supply | 600.48 M |
Total Supply | 1.00 B |
Max Supply | 1.00 B |
Contracts | 0x1f9....1f984 11 more |
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Categories | Decentralized Exchange (DEX) 12 more |
Explorer | block chain 9 more |
Founder | Hayden Adams |
Website | uniswap.org |
Socials | |
Chains | ethereum 11 more |
Exchange | Pair | OG Score | TBA | 24h Volume |
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Uniswap, a decentralized finance (DeFi) protocol founded by Ethereum developer Hayden Adams in 2018, has emerged as a force in the cryptocurrency space. At its core, Uniswap operates as an automated liquidity protocol on the Ethereum blockchain, enabling users worldwide to trade ERC-20 tokens without intermediaries. Let's delve into the key features, uniqueness, and the captivating journey of Uniswap.
The Uniswap Ecosystem
Uniswap's key innovation lies in its automated market-making (AMM) system, a departure from traditional centralized exchanges. Uniswap employs smart contracts that create liquidity pools, allowing users to trade against reserves of tokens. These smart contracts enable token exchanges or liquidity provision, where users earn fees as liquidity providers.
The AMM mechanism follows a Constant Product Market Maker Model (x*y=k), where smart contracts automatically rebalance reserves, ensuring tokens can be bought or sold without the need for a counterparty. This unique approach enhances efficiency and user experience compared to conventional exchanges.
Noteworthy Features
Uniswap's standout features include its decentralized nature, removing the need for order books and enabling permissionless trading. Liquidity providers earn passive income through trading fees, and the protocol allows users to lend their crypto to earn fees. Listing tokens on Uniswap is free, a departure from the norm in traditional exchanges.
UNI Governance Token
UNI, Uniswap's governance token, plays a pivotal role in the ecosystem. UNI holders can vote on protocol updates, changes, and participate in the governance of the platform. The total supply is set at 1 billion units, with a unique distribution strategy that includes airdropping 400 UNI to each Ethereum address that had interacted with Uniswap before September 1, 2020.
Evolution and Versions
Uniswap has seen several deployments, with the latest being V3, launched in May 2021. Each version brings improvements, with V3 enhancing capital efficiency for liquidity providers and refining the trading experience.
Security and Where to Buy UNI
Uniswap's security relies on the decentralized nature of the Ethereum blockchain and its ERC-20 token standards. UNI tokens are traded on major exchanges such as Binance, Huobi, and Coinbase Pro. Alternatively, users can directly trade on the Uniswap exchange by connecting their wallets to the Uniswap app.
Uniswap DAO: Empowering the Community
Uniswap's decentralized autonomous organization (DAO) boasts over 310,000 members who can vote on treasury, governance, and roadmap decisions. UNI holders can submit proposals, actively participating in shaping the platform's future.
In conclusion, Uniswap stands as a beacon of decentralized trading, providing a trustless and efficient platform for users globally. Its commitment to community governance, unique token distribution, and constant evolution make Uniswap a driving force in the ever-evolving landscape of decentralized finance.
Uniswap's decentralized autonomous organization (DAO) boasts over 310,000 members who actively participate in decisions regarding treasury, governance, and roadmap. UNI holders, acquired through a unique airdrop strategy, can submit proposals and vote on the platform's future.
Uniswap revolutionizes decentralized trading by employing an automated market-making (AMM) model, eliminating the need for order books. Its smart contract-driven liquidity pools and the UNI governance token empower users globally, offering a trustless and permissionless trading experience.
Uniswap was founded by Ethereum developer Hayden Adams in 2018. Adams, inspired by Ethereum creator Vitalik Buterin, introduced AMMs to a wider audience, creating a decentralized exchange that addresses liquidity challenges.
Uniswap's funding distribution includes 60% to community members, 21.51% to team members, 17.8% to investors, and 0.69% to advisors. The distribution occurs over a four-year vesting schedule, fostering long-term commitment and community involvement.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Uniswap UNI. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Uniswap (UNI) is ($600,483,073), max supply of Uniswap UNI is ($1,000,000,000) and the market cap of Uniswap UNI is ($5,593,422,118).
What is the Uniswap (UNI) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Uniswap (UNI) is $9. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Uniswap (UNI) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Uniswap UNI) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Uniswap (UNI) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Uniswap (UNI) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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