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Uniswap UNI

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
52W High price $40.23
52W High date 15th May 2021 (1 year ago)
All Time High (ATH) Date 3rd May 2021 (1 year ago)
ATH Price $44.92
% From ATH -88.66%
All Time Low (ATL) Date 17th Sep 2020 (1 year ago)
ATL Price $1.03
% From ATL 394.59%
Supply & Trading Volume
Trading Volume (24h) $106.27M
Total Supply 1.00B
Max Supply 1.00B
Circulating Supply 456.49M
Description

Uniswap is an Ethereum-based decentralized exchange (DEX) that allows for the swapping of ERC20 tokens. The beauty of it is the fact that, unlike other exchanges that are designed to make money out of fees, Uniswap is designed to function as a tool for the community to trade without platform fees or middlemen. Uniswap uses a math equation as well a...

Uniswap is an Ethereum-based decentralized exchange (DEX) that allows for the swapping of ERC20 tokens. The beauty of it is the fact that, unlike other exchanges that are designed to make money out of fees, Uniswap is designed to function as a tool for the community to trade without platform fees or middlemen. Uniswap uses a math equation as well as pools of tokens and ETH to determine prices and execute trades.

Uniswap originally launched in November of 2018 and gained popularity due to the rise of DeFi in popularity.

It aims to keep trading automated and completely open to just about anyone that holds a token while also improving the efficiency of trading when compared to that on traditional exchanges. Uniswap actually creates more efficiency through solving liquidity issues with automated solutions which leads to none of the problems that some of the first decentralized exchanges had to deal with.

The UNI Token Explained

In September of 2020, Uniswap launched the UNI governance token with an airdrop to anyone that had used the protocol before September the 1st.

Uni is the native token of the Uniswap protocol and it gives its owner’s governance rights. Any UNI holder can vote on changes to the protocol. 1 billion UNI tokens were minted at genesis, where 60% were given to Uniswap community members, and 40% to team members, investors, and advisors through the span of four years.

The distribution to the community works and occurs through liquidity mining.

Features of Uniswap

The way Uniswap differentiates itself is due to its usage of a pricing mechanism known as the Constant Product Market Maker Model. Any token can be added to Uniswap through funding it with an equivalent value of ETH and the ERC20 token that is traded.

Instead of connecting buyers to sellers to determine the price, Uniswap uses a constant equation that goes like this: x*y=k.

Any ERC20 token can be listed on Uniswap without any permission, and each token has its own smart contract as well as a liquidity pool. If a liquidity pool does not exist for the token in question, it can easily be created.

Once a token has its own exchange smart contract as well as liquidity poo, anyone has the ability to trade the token or contribute to the pool while earning a liquidity provider fee of 0.3%.

The important thing to note here is that in order to contribute to a liquidity pool, you will need an equal value of ETH and ERC20 tokens.

Founders of Uniswap (UNI)

Uniswap was created as an automated market maker (AMM) on Ethereum by Hayden Adams, who was also an Ethereum developer.

Adams worked on multiple projects as he worked n Uniswap, and his work was closely followed by the creator of Ethereum known as Vitalik Buterin. An interesting fact here is that Buterin actually gave Uniswap its name.

Now, Adams mentioned that the original inspiration for this platform came from the blog posts that Buterin was writing at the time.

1.1 Insights

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2. Price

UNI/USD

2.1. Market Performance

How does Uniswap's (UNI) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-47.3%

UNI

-50.4%

Similar Market Cap

60 Day Return

-39.9%

UNI

-47.2%

Similar Market Cap

1 Year Return

-86.4%

UNI

-80.4%

Similar Market Cap

3. Developer Activity

We're monitoring 84 Uniswap GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Uniswap Repos)

Commits vs. The Market

  • Past 4 weeks: 112 commits vs. an average of 2
  • Past 12 weeks: 931 commits vs. an average of 27
  • Past year: 6,404 commits vs. an average of 486

Most Active Repos

Past week 67
Past 12 weeks 270
Past year 1052
Past week 60
Past 12 weeks 457
Past year 1013
Past week 0
Past 12 weeks 25
Past year 572
Past week 0
Past 12 weeks 4
Past year 567
Past week 0
Past 12 weeks 1
Past year 548
Past week 1
Past 12 weeks 1
Past year 544

Top Developers 2022

In total, 685 developers have contributed to Uniswap over the past year. Who are the most active Uniswap developers, by commits, over the past year?

Related Projects

Developers working on Uniswap also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 62,351
Active Reddit Users (past 24h) 171
Discord users
Active Discord Users
Telegram Users
Twitter followers 876,967
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Uniswap?

Funding Rounds

Uniswap has raised $11.0M across 5 funding rounds, between April 2020 and January 2021.

Amount / Round Date Investors
- / - 1 year ago 1
- / - 1 year ago 1
- / ICO 1 year ago 1
$11.0M / Series A 1 year ago 8
- / Seed 2 years ago -
- / - 1 year ago 1
- / - 1 year ago 1
- / ICO 1 year ago 1
$11.0M / Series A 1 year ago 8
- / Seed 2 years ago -
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://uniswap.org/
Explorer https://etherscan.io/token/0x1f9840a85d5af5bf1d176...
Twitter @Uniswap
reddit /r/Uniswap
Whitepaper https://hackmd.io/C-DvwDSfSxuh-Gd4WKE_ig

What is the correct contract address for Uniswap?

0x665b3a802979ec24e076c80025bff33c18eb6007
Sora 0x009be848df92a400da2f217256c88d1a9b1a0304f9b3e90991a67418e1d3b08c
Xdai 0x4537e328bf7e4efa29d05caea260d7fe26af9d74
Ethereum 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984
Avalanche 0x8ebaf22b6f053dffeaf46f4dd9efa95d89ba8580
Huobi-token 0x22c54ce8321a4015740ee1109d9cbc25815c46e6
Polygon-pos 0xb33eaad8d922b1083446dc23f610c2567fb5180f
Arbitrum-one 0xfa7f8980b0f1e64a2062791cc3b0871572f1f7f0
Harmony-shard-0 0x90d81749da8867962c760414c1c25ec926e889b6
Binance-smart-chain 0xbf5140a22578168fd562dccf235e5d43a02ce9b1
Optimistic-ethereum 0x6fd9d7ad17242c41f7131d257212c54a0e816691

Has Uniswap been audited for security?

No security audits found for this project.

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