$4.61+3.18% 24hThe Uniswap price in context
The UNI price in USD in the top bar runs live from the Binance exchange; the chart and market statistics (cap, volume, supply) come from the CoinGecko aggregator. Chart ranges span from the last 24 hours to the full trading history — the period change is measured from the first point of the selected range.
The complete ranking lives on the crypto prices page.
About Uniswap
Uniswap is the largest decentralized exchange on Ethereum. Launched in 2018 by Hayden Adams, it introduced the model that nearly all of DeFi uses today: instead of an order book, liquidity sits in an automated market maker — a pool of two assets whose product stays constant. Anyone can supply liquidity and earn a share of the fees.
The UNI token arrived in September 2020 and was distributed retroactively — everyone who had used the exchange received 400 UNI. It was one of the first large airdrops and started the whole genre. UNI is not a claim on profit, though: it is used to vote on protocol development and on what happens to the community treasury.
That is the long-running dispute around the token. The protocol collects fees for liquidity providers, not for UNI holders — proposals to turn on a treasury share (the "fee switch") resurface year after year and run into, among other things, the worry that it would make the token look like a security.