Uniswap
Current price
$6.88
−6.47%24h
LiveUpdated 23s ago
TodayUniswap drops 6.5%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.78%
- 24 hours−6.47%
- 7 days−11.33%
- 30 days+2.88%
- 1 year+5.97%
Uniswap's move in context
Lagging the market today
−6.47% today against −3.27% for the market as a whole, a gap of 3.2 points. A gap this wide suggests something specific to Uniswap may be moving it, not just the market mood.
Trend has turned
−11.3% over 7 days and +2.9% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Uniswap
Uniswap: The Pioneer of Decentralized Exchanges
Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain, revolutionizing the way users trade cryptocurrencies by enabling peer-to-peer trading without the need for intermediaries. Launched in 2018 by Hayden Adams, Uniswap introduced an automated market-making (AMM) model that allows users to trade directly from their wallets, providing liquidity and earning fees in the process. The platform has become one of the most popular and influential DeFi protocols, significantly contributing to the growth and adoption of decentralized finance.
Key Aspects of Uniswap
Automated Market Maker (AMM): Uniswap operates on an automated market maker model, which is a departure from traditional order book-based exchanges. Instead of matching buyers and sellers, Uniswap uses liquidity pools, where users can provide liquidity by depositing an equal value of two different tokens. The prices of tokens in the pools are determined algorithmically based on the ratio of the assets in the pool. This model ensures constant liquidity, allowing users to trade tokens instantly and without relying on centralized order books.
Liquidity Provision: Users on Uniswap can become liquidity providers by depositing tokens into liquidity pools. In return, they receive liquidity provider (LP) tokens, representing their share of the pool. Liquidity providers earn a portion of the trading fees generated by the pool, providing an incentive for users to contribute liquidity. This decentralized model allows anyone to participate in the market-making process, democratizing access to trading and liquidity provision.
Decentralization and Security: Uniswap is fully decentralized, meaning that it operates without a central authority. All trades and transactions are executed through smart contracts on the Ethereum blockchain, ensuring transparency and security. The platform's code is open source, allowing the community to audit and contribute to its development. This decentralization makes Uniswap resistant to censorship and manipulation, as users retain control over their assets at all times.
Wide Range of Tokens: Uniswap supports a vast array of ERC-20 tokens, making it a go-to platform for trading both popular and newly launched tokens. The platform's permissionless nature allows any token to be listed, provided there is enough liquidity in the corresponding pool. This has led to Uniswap becoming a launchpad for new projects and tokens, providing them with immediate access to liquidity and a global user base.
UNI Governance Token: In 2020, Uniswap launched its governance token, UNI, which allows holders to participate in the decision-making process of the platform. UNI holders can propose and vote on changes to the protocol, such as fee structures, token listings, and future developments. The introduction of the UNI token has further decentralized the governance of Uniswap, ensuring that the community has a direct say in the platform's evolution.
Challenges and Innovations: Despite its success, Uniswap faces challenges, including competition from other DEXs and the high gas fees on the Ethereum network. To address scalability issues, Uniswap has explored Layer 2 solutions and launched Uniswap V3, which introduces concentrated liquidity and multiple fee tiers. These innovations aim to improve capital efficiency and reduce trading costs, further solidifying Uniswap's position as a leading DeFi protocol.
Uniswap market
- Position by market cap among the coins we track.
- #25
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $4.3B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $6.82High $7.40
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $44.92
- Now 15% of itReached 3 May 2021 · Needs +553% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 624.83M UNI
- 62% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 887.08M UNI
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B UNI
- The most coins that can ever exist. Some coins have no limit.
Uniswap converter
1 Uniswap = $6.88
