Uniswap
UNI Rank #23Price chart
What is Uniswap?
Protocol development
Hayden Adams deployed the first Uniswap version on Ethereum in November 2018. UNI followed in September 2020. Uniswap replaces a conventional order book with liquidity supplied to onchain pools. Traders exchange assets against those pools rather than matching directly with another trader. Liquidity providers receive fees according to the pool's rules.
Pool architecture
Uniswap v3 lets providers concentrate capital within selected price ranges. Positions become active when the market price lies inside their chosen interval. Version 4 manages pools through a common PoolManager contract. Its flash-accounting design nets balances during a sequence of operations. Hooks let developers customize actions around swaps and liquidity changes.
UNI supply and governance
One billion UNI were minted at genesis. Governance can authorize annual minting of up to 2%, but that authority has not been exercised. UNI voting covers treasury allocations and protocol-fee parameters. Since December 2025, collected protocol fees have supported UNI destruction through onchain fee-release mechanisms. These burns do not give individual holders a proportional claim on revenue.
Where to trade UNI
139 exchanges · top 10
Live spot quotes from connected exchanges
UNI funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.