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UNI

Uniswap (UNI) Price Index

$ 10.65 Ƀ 0.00020753
  • MarketCap
    $ 8,031,707,149
  • Volume
    $ 481,295,596
  • Change
    1.22%
uniswapUniswap
$ 10.65
$ 10.65
1.22%
9,83
UNI
Uniswap (UNI)
$ 10.65
UNI
Uniswap (UNI)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 02, 2023 | 3 min
Updated on Dec 11, 2023

Overview: What is Uniswap (UNI) Coin?

The Uniswap (UNI) coin is the native cryptocurrency and governance token of the Uniswap decentralized exchange. The Uniswap platform was created by former Siemens engineer Hayden Adams and launched in 2018; the UNI token followed in 2020. Uniswap is the largest decentralized exchange and one of the largest exchanges by trading volume.

What Makes Uniswap Unique?

The Uniswap exchange is an Ethereum-based decentralized exchange (DEX) that allows cryptocurrency owners and traders to swap tokens directly; there’s no middle or third party. A DEX uses smart contracts for trades and does not use custodial cryptocurrency wallets. On the Uniswap platform, users can earn rewards; for example, investors can add Ethereum (ETH) and UNI into a liquidity pool and earn a percentage of the trading fees for this “pair.” Investors can earn new Uniswap (UNI) as a reward for providing liquidity.

Uniswap (UNI) Price History

Uniswap price history has varied from its all-time low of $1.03 in 2020 to its all-time high of $44.92 in May 2021. Generally, the Uniswap price follows the volatility of Bitcoin and the rest of the cryptocurrency market. Still, it remains healthy due to the massive trading volume and success of the platform. Reviewing a Uniswap price chart will provide more information on Uniswap price history. Uniswap (UNI) price can increase when the platform releases innovative new features for crypto owners and traders.

How Does Uniswap (UNI) Work?

Uniswap (UNI) coin is the governance token of the Uniswap DEX. UNI token holders can power the decentralized model of the platform by proposing discussions and voting on upgrades, fee adjustments, and other governance matters. In this way, the network is not centrally controlled and is powered by the Uniswap (UNI) owning community. UNI token holders can also earn rewards by participating in liquidity pools on Uniswap and making fees generated by the platform. There are also staking and farming opportunities for UNI owners.

How Is the Uniswap Network Secured?

The Uniswap platform is built on the Ethereum blockchain network and shares the security properties of Ethereum. The platform describes itself as “one of crypto’s safest and most secure protocols,” having processed over $1.5 trillion in trading volume “without incident.” Professional security teams audit its smart contracts.

How to Buy Uniswap (UNI)?

Uniswap (UNI) coin can be bought using Ethereum or other tokens using your cryptocurrency wallet and directly with the Uniswap exchange, and there are comprehensive instructions for beginners on the Uniswap website. UNI is listed on major cryptocurrency exchanges, including Huobi, Binance, and Coinbase.

What is the Maximum Token Supply of UNI?

The maximum token supply of Uniswap (UNI) coins is capped at $1 billion; these coins were set to be released into circulation in four years after the governance coin’s launch in 2020. UNI holders who provide liquidity to the exchange are rewarded with new UNI.

What is the Uniswap (UNI) Price Prediction for 2025?

At the time of writing, the Uniswap price was $4.22. It is challenging to achieve an accurate Uniswap price prediction for 2025 due to the cryptocurrency market’s volatility. However, some analysts suggest the coin could reach a price of between $13 and $17 by 2025. Others suggest Uniswap price could be lower. A Uniswap price prediction for 2040 puts the coin upwards of $30 and others more; however, such long-term predictions for cryptocurrencies are highly speculative.

Most frequently asked questions about Uniswap

Is Uniswap risky?

All cryptocurrency transactions carry risk. Overall, the Uniswap platform is well-reviewed and highly successful as one of the top global exchanges. Individual users should always adopt the maximum security recommendations for their wallets, transfers, and choice of exchanges.

Is Uniswap a good investment?

All cryptocurrencies are high-risk investments, and buyers should complete extensive research and due diligence before investing in a new cryptocurrency. Generally, the Uniswap platform is well-reviewed and has processed over $1.5 trillion in trading volume without seeing any incidents that have plagued or even destroyed other exchanges.

How does Uniswap make money?

The Uniswap DEX makes money from both trading fees and the UNI token. Buyers and traders on the platform are charged a small transaction fee when they make a trade, part of which goes to the UNI holders, who provide liquidity as a reward. In addition, 20% of the UNI token supply is reserved for employees.

Does it cost to use Uniswap?

Yes, there are small fees on trades on Uniswap, usually between 0.01% and 1% per swap.

What is the disadvantage of Uniswap?

The major disadvantage of using a decentralized exchange like Uniswap is that you cannot buy crypto using fiat money like the dollar. On Uniswap, you can only trade cryptocurrencies from your crypto wallet. Uniswap also only supports Ethereum-compatible cryptocurrencies.

How do you use Uniswap for beginners?

Uniswap is a relatively easy platform if you are already familiar with your cryptocurrency wallet. The Uniswap website has a detailed guide that explains how to connect your wallet, choose the tokens you wish to trade, enter the amount, review your gas or transaction fees, and make your swap.

 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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