- Market Cap
- $3.79B (#15)
- 753.77M / 1.00B
- Binance Smart Chain Ecosystem Exchange-based Tokens Decentralized Exchange Token (DEX) Automated Market Maker (AMM) Yield Farming DeFi Governance Avalanche Ecosystem Polygon Ecosystem xDAI Ecosystem Harmony Ecosystem Arbitrum Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Decentralized Exchange (DEX) Gnosis Chain Ecosystem Optimism Ecosystem
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.
|52W High price||$9.26|
|52W High date||29th Jul 2022 (10 months ago)|
|All Time High (ATH) Date||3rd May 2021 (2 years ago)|
|% From ATH||-88.81%|
|All Time Low (ATL) Date||17th Sep 2020 (2 years ago)|
|% From ATL||387.85%|
|Supply & Trading Volume|
|Trading Volume (24h)||$31.60M|
How does Uniswap's (UNI) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
Similar Market Cap
60 Day Return
Similar Market Cap
1 Year Return
Similar Market Cap
We're monitoring 107 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: 3 commits vs. an average of 1
- Past 12 weeks: 23 commits vs. an average of 9
- Past year: 101 commits vs. an average of 242
Most Active Repos
Top Developers 2023
In total, 966 developers have contributed to Uniswap over the past year. Who are the most active Uniswap developers, by commits, over the past year?
Developers working on Uniswap also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
|Active Reddit Users (past 24h)||549|
|Active Discord Users|
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