DeFi
Uniswap (UNI)
UNIData: Coinbase · updated 9/6/2026, 1:02:17 PM
What Uniswap does
- Lets users swap crypto tokens directly through liquidity pools instead of a centralized order book
- UNI holders can vote on protocol upgrades and how the Uniswap treasury is used
- Is one of the most-used decentralized exchange protocols by trading volume
- Has expanded across multiple blockchains beyond its original Ethereum deployment
Risks to know
- UNI's token value has not historically been directly tied to a consistent share of protocol trading fee revenue
- Faces competition from many other decentralized and centralized exchanges
- Regulatory treatment of DeFi protocols and governance tokens remains uncertain in several jurisdictions
- Smart contract risk applies to funds deposited into Uniswap's liquidity pools
Where to trade UNI
Top-rated exchanges by CompareCEX Score. Check the exchange's market list for UNI availability before depositing.
Frequently asked questions
What does Uniswap do?
Uniswap is a decentralized exchange protocol that lets users trade tokens automatically through liquidity pools, using an automated market maker model, rather than matching buy and sell orders on a traditional order book.
What is UNI used for?
UNI is Uniswap's governance token. Holders can propose and vote on changes to the protocol, including how funds in the Uniswap treasury are used.
Is there a maximum supply of UNI?
Yes. UNI's total supply is capped at 1 billion tokens, released on a set distribution schedule since its 2020 launch.
Related coins
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