Uniswap (UNI) Price in USD with Live Chart & Market Cap

Uniswap (UNI) Price Live Statistics

Uniswap price today is $10.02 USD, which is down by -11.04% over the last 24 hours. There has been an hourly dip by -0.83%. Uniswap’s market cap currently sits at $6,284,230,000.00 USD, holding up for a market cap rank at #23. Uniswap ranks no 23 in the market capitalization of Uniswap is at $6,284,230,000.00 and its volume for 24 hours is $400,290,000. 627.32 M Uniswap are under circulation, with total supply of 1.00 B and the Maximum supply of 1.00 B.

Who are the founders of Uniswap (UNI)?

Uniswap was founded by the Ethereum developer Hayden Adams in November 2018 with their Uniswap V1 version on the concept of AMMs (Automated Market Makers), where any user can take part in the pool and earn some reward. Two more developers were involved in the development of the Uniswap platform named Dan Robinson and Noah Zinsmeister. 

In May 2020, the V2 version launched with better optimisations and features. In just one year, Uniswap has become the largest Decentralised exchange for ERC-20 tokens.

 

What is Uniswap token UNI?

UNI token introduced on Sept 17, 2020. UNI never runs any ICO or any other pool for a token sale. UNIswap offered 400 UNI tokens worth $1500 through airdrop for those certain users who previously used the services of Uniswap. On Uniswap exchange, users can earn UNI tokens through staking. It is called Yield Farming or liquidity farming.

60% of the tokens are allocated for the investors, and the remaining 40% are for team members and remaining advisors.

 

How does the Uniswap protocol work?

Liquidity means users who will provide their different pairs of tokens in equal amounts and hold for a limited time. It is called staking, and in return, they will get some reward in tokens. Means 'Liquidity provides' are rewarded with liquidity tokens, and it will be considered their share of the liquidity pool.

Let's understand with an example. We have ETH/BUSD and TRX/CAKE, individual pairs or liquidity tokens. Now let's consider one pair of token ETH/BUSD. Now the formula is A*B=C. Portion one is ETH=A, and portion two is BUSD=B. We will get some pairs of different tokens in partition C that we consider reword for that Liquidity provides. You can get the same tokens in the rewards you have provided in the liquidity pool for staking.

If you buy 1 ETH for 400 BUSD via the ETH/BUSD liquidity pool, you increase the BUSD portion and reduce ETH in the pool. So the price of the ETH will go up because K will remain steady. The price of ETH will depend on how much transaction/trade happens between A and B, and that will decide the pricing. On the other side, (C) will remain constant. This structure will handle the pricing of the exchanges. 

 

What makes Uniswap Unique?

The one fact about Uniswap is the company itself does not receive any revenue. The reason is a decentralised protocol and its users. Users are the liquidity providers in this platform so, fees directly go to the liquidity providers. This thing has been removed from the centralised exchanges to prevent fees received by the central authority of the individual exchange.

DEX exchanges like Uniswap provide low transaction fees per trade. The current transaction fee per trade paid to the network's liquidity provider is 0.3%, and it goes automatically sent to the liquidity pool, and they can restore it at any time.

Uniswap works on the V2 version, and the upcoming version, V3, is more efficient and upgraded than the V2.

 

How is the Uniswap Network Secured?

This UNI is a native governance ERC-20 token and developed to trade/swap. It is built on the Ethereum blockchain, which is very secure nowadays.

 

How many Uniswap(UNI) coins are in Circulation?

The Current supply of the Uniswap token is 578.95 Million Out of the 1 Billion tokens. Uniswap is currently ranking on the number #12 among the top 50 reputed tokens and coins. Currently, the Uniswap market cap is $26.73 Billion. To maintain network participation, Uniswap included a 2% inflation rate every year.

 

Where can I buy UNI?

UNI has lifted almost every top exchange, so we have numerous ways to find UNI tokens. However, it will be safe to buy it through a trusted global exchange like:

• Binance
• Huobi Global
• OKEx
• Gate.io
• Kraken
• KuCoin

These all given exchanges offer easy fiat on-ramps, low-transaction fees, and better security. You can purchase UNI in just four easy steps.

 

1. Complete the sign-up process with the Email and Password process in any account which has been given in the list above. It's your choice.
2. Please provide some legal documents of your identity and complete your KYC process, make it verified.
3. Deposit fiat currency, and if your fiat currency is not there, you should find those exchanges that support your fiat currency. 
4. Purchase UNI with your fiat currency pairs, and you can go for UNI/USDT, UNI/BUSD, UNI/BTC, UNI/ETH.

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