What is Uniswap? Price, history, wallets [UPDATED Nov 2024]

UniswapUNI8.80$

100 Rank

UNI price live chart

8.80$-4.06%

Uniswap Price statistic

Uniswap price

8.80 $

Price change (24h)

4.06% -0.37 $

Trading volume (24h)

0.00 $

Market Dominance

0.00%

Market rank

#100

All Time High

May 1 2021 (3 years ago)

80.11% 44.00 $

Market Cap

0.00 $

Circulating Supply

1.00B UNI

Download Uniswap wallet app

Store & Transfer UNI safely

Cropty is a convenient mobile app to store, transfer and receive Uniswap safely. Cropty supports multiple networks and cryptocurrencies. Investing in UNI becomes easy with Cropty wallet.

Monitor your UNI balance in USD

You can track your Uniswap value in 11 fiat currencies: USD ($), RUB (₽), EUR (€), INR (₨), THB (฿), KRW (₩), UAH (₴), GEL (₾), TRY (₺), GBP (£), BRL (R$).

Receive UNI in ETH network

Cropty cryptocurrency wallet supports Bitcoin, Ethereum, BNB Chain, Polygon and Tron networks. To receive Uniswap in Ethereum (ERC-20) network, just download the app, sign up and share your public address or QR-code with th sender.

Send Uniswap by mobile phone number with 0% fee

No more confusion with crypto public addresses: in the Cropty cryptocurrency wallet you can send Uniswap just by mobile phone number, QR-code and even a nickname! Make instant zero-fee Uniswap transfers in your usual ways.

UNI wallet mobile app for iOS and Android

Get access to Uniswap right in your mobile phone or any browser. Cryptocurrency investments wallet is already available for Android and iOS. Download Cropty to invest in Uniswap online.

Uniswap basics

Name

UNI

Uniswap token type

Token name

UNI

Token type

ERC-20

Token uses

Vote

What is Uniswap used for in 2024?

UNI holders are responsible for governing the protocol. Their primary concern revolves around voting a set of protocol delegates that can help steer the future direction of Uniswap v2. UNI holders can also vote specific token pools for which can collect fees.

Other responsibilities include:

Managing the funds held in the UNI community treasury
Determine the tokens that belong on the Uniswap default token list (tokens.uniswap.eth)
Ownership of the Uniswap ENS domain name

Uniswap roadmap 2024

Launch

November 2018 ·

Mainnet launch

Uniswap technology explained

Uniswap is a protocol that facilitates the exchange of tokens on Ethereum. Unlike most other DEXs, there is no native token and every action occurs on-chain. Typically, exchanges function by using an order-book where market makers set the price at which they are willing to buy and sell an asset. The difference between these prices is how they get paid for this work. Uniswap does away entirely with the order book and instead opts to have market makers deposit assets into a pool that traders can then trade against. The price is determined algorithmically based on the proportion of the two assets being traded.

Price mechanism Uniswap uses what's known as a Constant Product Market Maker that is designed to always provide liquidity regardless of the order size or amount of funds in the pool. This is achieved by asymptotically increasing the price as the size of the buy order increases, leading to potentially significant slippage on large orders. Trading pools consist of an ERC-20 token and an equivalent amount of ETH, with the product between the two sums remaining constant. Any given transaction increases one sum while decreasing the other and the price changes based on the ratio between the two. Users can also swap between two ERC-20 tokens, however, Uniswap will perform two separate actions with each of their respective pools.

Providing liquidity When liquidity providers add to a pool, they receive newly minted liquidity tokens entitling them to their proportion of the total pool as well as the 0.3% fee generated off each trade. These tokens are not speculative and simply keep track of how much of the pool is owed. Liquidity providers need to supply both assets in the same proportion they are currently at, otherwise, they will change the ratio and thus price. This would result in the immediate loss of money as the price change should get arbitraged out by trading bots. Even if providers supply the correct ratio of each asset, large price changes can result in the loss of money. (Details on how this work can be found here). Therefore, providers are hoping for substantial volume of trading around the price they entered such that the fees generated account for any potential losses.

Uniswap core contributors

Individuals

Companies

Hayden Adams

Founder of Uniswap Exchange

Ethereum Foundation

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Who funds Uniswap core development?

a16z Crypto

a16z crypto is the blockchain and cryptoasset investment arm of Venture Capital firm Andreessen Horowitz. The fund was launched with $300 million to invest in crypto companies and protocols. a16z crypto is structured to hold investments for 10+ years and invest throughout various market cycles. Along with capital a16z Crypto provides support from the a16z team to assist startups with executive and technical recruiting, regulatory affairs, communications and marketing, and general startup management.

Andreessen Horowitz

Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen Horowitz invests in both early-stage start-ups, which may raise just $50,000, and established growth companies, which often raise tens of millions of dollars.[1] Its investments span the mobile, gaming, social, e-commerce, education and enterprise IT (including cloud computing, security, and software as a service) industries

Blockchain Capital

The pioneer venture capital firm focused exclusively on the blockchain technology sector and crypto ecosystem

Coinbase Ventures

Coinbase Ventures invests in companies building the open financial system. It provides financing to early-stage companies that have the teams and ideas that can move the cryptoasset industry forward.

Defiance Capital

Leading DeFi focused Cryptoasset Fund combining fundamental research and activist investment strategy.

Delphi Digital

Delphi Digital is an independent research and consulting boutique specializing in the digital asset market.

Pantera Capital

Pantera Capital is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.

Paradigm

ParaFi Capital

Three Arrows Capital

Three Arrows Capital Pte. Ltd. is a hedge fund manager established in 2012 and focused on providing superior risk-adjusted returns, founded by Su Zhu and Kyle Davies.

Union Square Ventures

USV is a small collegial partnership that manages over $1B across seven funds.

USD to UNI converter

USD

UNI

Uniswap governance

Onchain governance type

Delegated On-Chain Vote

What is Uniswap governance?

Uniswap does not have a mechanism to modify its existing contracts. If any significant upgrade needs to be made it will require liquidity providers to withdraw their funds and migrate them to a new set of contracts.

Uniswap official links

FAQ

1.What is the best app to store Uniswap?

Store Uniswap with Cropty cryptocurrency wallet by 3 simple steps:

Download the app from the Apple AppStore or Google Play, or open your browser wallet.
Create your Cropty wallet account with Face ID or Touch ID security options.
Transfer UNI from external wallet.

2. How can I receive Uniswap?

Receive Uniswap to your Cropty wallet by QR-code, phone number, e-mail and nickname:

Download the app from the Apple AppStore or Google Play, or open your browser wallet.
Create your Cropty wallet account, set up a nickname.
Click ‘Receive’ and follow the instructions.

3. How can I store Uniswap safely?

You can transfer your Uniswap holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Uniswap holding except you.

4. How to start investing in Uniswap easily and securely?

Start investing in Uniswap with Cropty cryptocurrency wallet by 3 simple steps:

Download the app from the Apple AppStore or Google Play, or open your browser wallet.
Create your Cropty wallet account, set your authentication settings.
Transfer UNI from external wallet.

5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Uniswap. Cropty targets to become one the best crypto wallets for Android and iOS in 2024. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Uniswap as payment?

You can receive Uniswap as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Uniswap UNI safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Uniswap holdings immediately.

7. How can I receive Uniswap donations?

You can receive Uniswap donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Uniswap without verification?

9. How can I send Uniswap without fee?

You can send Uniswap instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Uniswap?