Uniswap (UNI)
| Market Cap | $58,404 |
|---|---|
| Trading Volume | $26.32 |
| Volume / Market Cap | 0.000451 |
| Total Supply | 9,800,000,000 UNI |
| Max Supply | – |
Uniswap is currently trading at $6.1108, after a price change of 3.51% in the last 24 hours.
Ranked as cryptocurrency #2189 by capitalization today, UNI market cap is valued at $58,404. UNI trading volume reached $26.32 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on UNI coin price prediction page.
UNI Coin Price PredictionWhat is Uniswap?
Uniswap is a blockchain-based financial protocol that can be utilized for decentrilized exchange of digital assets. It allows users to conduct automated trades using smart contracts on the Ethereum blockchain. In 2018, Hayden Adams, an ex-employee of Siemens, introduced this protocol. Functioning as a digital asset as well as a decentralized exchange, Uniswap lets you sponsor liquidity pools and earn gains.
There is no listing functionality for this decentralized environment. Provided there is enough cash flow, one can launch tokens as they like. You can deposit coins to become a market maker and receive liquidity tokens denoting your dividend. You have the option of redeeming the coins to obtain your share.
This cryptocurrency follows a proof-of-stake mechanism and holders gain incentives for staking their assets. Those who hold the native token UNI can decide on future developments. They also own a portion of the domain and receive a share of the trading costs paid on the protocol.
The protocol is supported by a hedge fund and apart from the market makers, nobody gets commissions from the traders. The commissions depend on the share you have in the pool.