Uniswap
#39
UNI
$2,9
−5.25% (24h)
Market Cap
$1,8B
Volume 24d
$163,47M
Updated at
16:09 UTC
Price Chart
| Date | Price (USD) |
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What is Uniswap?
Uniswap (UNI) is the governance token for the Uniswap protocol, a decentralized exchange (DEX) built on the Ethereum blockchain. The token was launched in 2020 by its founder, Hayden Adams, to enable community-led growth and governance. As an ERC-20 token, UNI operates on Ethereum's Proof-of-Stake consensus mechanism, which secures its transactions. The primary function of UNI is to allow holders to vote on key protocol proposals, such as changes to the fee structure or allocations from the community treasury. It is a component of the decentralized finance (DeFi) ecosystem, providing a method for protocol governance.
How does Uniswap work?
As an ERC-20 token, Uniswap (UNI) operates on the Ethereum blockchain and does not have its own independent consensus mechanism. Instead, it relies entirely on Ethereum's Proof-of-Stake (PoS) system for security and transaction validation. All UNI transactions are processed and secured by the broader network of Ethereum validators.
The participants responsible for securing UNI transactions are Ethereum's validators, not a network specific to Uniswap. These validators stake their own ETH to gain the right to propose and confirm blocks of transactions. Their collective agreement on the state of the ledger ensures the integrity of every transaction, including those involving UNI tokens.
When a user sends UNI, the transaction is broadcast to the Ethereum network for processing. Validators pick up the transaction, verify its authenticity, and include it in a new block added to the blockchain. Once the block is finalized, the transfer of UNI is considered complete and irreversible, updating the balances in the respective wallets.
Uniswap use cases
The UNI token's primary purpose is to facilitate decentralized governance of the Uniswap protocol. It grants holders the ability to influence the direction and rules of one of the largest decentralized exchanges.
- Governance: Token holders can propose and vote on key protocol upgrades and changes, directly participating in the platform's evolution.
- DeFi participation: UNI is used within the decentralized finance ecosystem, often for activities related to liquidity provision and other financial strategies.
- Protocol voting: Owners use their UNI to vote on specific parameters, such as the distribution of treasury funds or adjustments to protocol fees.
Uniswap tokenomics
The Uniswap (UNI) token was introduced in 2020 with a distribution model aimed at its community of users and liquidity providers. The circulating supply is over 621 million UNI tokens. The tokenomics of UNI do not include a fixed maximum supply, which means the total number of tokens can increase over time based on a predetermined inflation rate or future governance decisions. This model is designed to support ongoing contributions and participation within the ecosystem. The issuance schedule and control over the community treasury are key aspects that can be influenced by UNI holders through the governance process, making its supply dynamics subject to community consensus.
Uniswap price history & milestones
Uniswap (UNI) was launched in 2020 and quickly became a notable asset within the decentralized finance sector. The token's market value has experienced significant fluctuations since its introduction. It reached its all-time high price of $44.97 on May 3, 2021, marking its peak valuation to date. Conversely, the token's all-time low was recorded on September 17, 2020, when its price was $0.419. These historical points represent the extremes of its price range. According to market capitalization data, Uniswap holds the rank of 38 in the cryptocurrency market, indicating its position relative to other digital assets. The price history reflects its journey through various market conditions.
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Frequently asked questions
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What is the current price of Uniswap?
As of 16:09 2026-06-23, Uniswap (UNI) is trading at $2,9. Prices update every 5 minutes on this page. -
Is Uniswap a good cryptocurrency to buy on Switchere?
Switchere does not provide investment advice. You can buy Uniswap on Switchere; whether it's right for you depends on your own research and risk tolerance. -
Who created Uniswap?
Uniswap was created by founder Hayden Adams and launched in 2020. The protocol was developed as a decentralized exchange on the Ethereum network. The UNI token itself was introduced later to give the community control over the protocol's governance, allowing users to vote on important decisions regarding its development and treasury management. -
What is the highest price Uniswap has reached?
The all-time high price for Uniswap (UNI) was $44.97, a milestone reached on May 3, 2021. This represents the peak market valuation the token has achieved since it began trading. Since its launch, the token's price has moved between this high and its all-time low of $0.419, recorded in September 2020. -
Where can I buy Uniswap?
You can buy Uniswap on Switchere using a wide range of payment methods including credit cards, debit cards, Apple Pay, Google Pay, SEPA bank transfers, and supported digital wallets. The process typically completes within a few minutes after identity verification. -
Can I buy Uniswap with a credit card?
Yes. Switchere supports Uniswap purchases with Visa and Mastercard credit and debit cards. Card payments are protected by 3D Secure authentication and typically settle to your Switchere wallet within a few minutes of approval.
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