What is Uniswap?
Uniswap (UNI) is the largest decentralized exchange in crypto by cumulative trading volume. Launched in 2018 by Hayden Adams, it introduced the Automated Market Maker model that now underlies the vast majority of on-chain trading. Uniswap does not use an order book - trades happen against on-chain liquidity pools where prices are determined by a constant-product formula.
The UNI token was airdropped to early users and liquidity providers in 2020 and serves as the governance asset for the protocol. Uniswap Labs, the company, and the Uniswap DAO, the token holders, together shape protocol upgrades, fee switches and grant programs.
How does Uniswap work?
Uniswap's current major release is V4, which introduces 'hooks' - customisable logic that liquidity pools can attach at key lifecycle events. V3 remains widely used and introduced concentrated liquidity, letting LPs focus capital inside a chosen price range rather than across the entire curve.
Trades route through a Universal Router that finds optimal paths across pools. Liquidity providers earn swap fees proportional to their share of each pool. Uniswap is deployed on Ethereum and most major L2s, with cross-chain routing coordinated by the protocol's front-end and through UniswapX, an intent-based order flow system.
What is Uniswap used for?
Uniswap is used to swap any two ERC-20 tokens permissionlessly. It is the source of on-chain liquidity for thousands of tokens, the price reference for Chainlink and other oracles, and the execution venue for a large share of DeFi trading - from retail swaps to institutional rebalancing.
UNI holders vote on protocol parameters, treasury allocations and potential fee switches that would direct protocol revenue to the token. Uniswap's governance is one of the most closely watched in DeFi and is often a leading indicator for broader DAO-native economic activity.
Where can you buy Uniswap?
Uniswap (UNI) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for UNI sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting UNI, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Uniswap (UNI)?
The reported 24-hour trading volume of Uniswap is $11.14M. Volume is a live reading of how much UNI changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Uniswap (UNI)?
Uniswap reached an all-time high of $44.92 on its all-time high, and an all-time low of $1.03 on its all-time low. It is currently trading - from its peak and - from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where UNI sits in its long-run price range.
What is the market cap of Uniswap (UNI)?
Uniswap's market capitalization is currently $2.20B, and it is ranked #43 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (633.56 million UNI are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Uniswap (UNI)?
The fully diluted valuation (FDV) of Uniswap is $3.11B. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Uniswap compare against its peers?
Over the past 24 hours, Uniswap has moved -5.34%. Over the past seven days, the change is +7.99%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether UNI is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Uniswap against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Uniswap?
Like any crypto asset, the right way to store UNI depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
