Uniswap

Uniswap
UNI
Contract address
0x1f98...01f984
Copy UNI contract address
$7.56
-$0.0213(-0.28%)Today
Market cap
4.73B
Total volume (24h)
462.73M
Volume / Market cap
0.0979
Circulating supply
624.96M
Day range (24h)
$7.52$7.88
All-time low
$1.03
All-time high
$44.92

About Uniswap (UNI)

Uniswap is a decentralized exchange (DEX) for cryptocurrencies that was launched in November 2018 by Hayden Adams on Ethereum mainnet. A DEX lets you trade tokens directly via open-source smart contracts, eliminating the need for a centralized exchange (CEX) or intermediary, like a bank. In the case of Uniswap, you can trade (aka swap) tokens that are ERC-20, and therefore compatible with the Ethereum Virtual Machine (EVM). 

Uniswap uses an Automated Market Maker (AMM) in lieu of traditional finance (TradFi) order books. Users add tokens to liquidity pools on the platform. In return for being a liquidity provider, you can earn a share of trading fees. When you want to trade tokens, Uniswap smart contracts calculate the exchange rate based on relative amounts tokens in the liquidity pool.

The native cryptocurrency of Uniswap is UNI, a utility token that is largely used for governance purposes. Holders of UNI can vote on decisions about the development and management of Uniswap. You can’t pay transaction fees with UNI. When trading, transaction fees are paid in the tokens being swapped.

UNI token holders are typically active DeFi investors and crypto protocol participants.

Price history

Today (October 12, 2026)$7.56-0.28%
24 hours ago (October 11, 2026)$7.58-0.28%
1 week ago (October 5, 2026)$8.93-15.34%
1 month ago (September 12, 2026)$6.30+19.96%
1 year ago (October 12, 2025)$6.04+25.08%

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UNI market moves

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24h change: +0.48%. From $7.54 to $7.58.

  • Uniswap processed more tokenized stock volume than every other DEX combined over the last 30 days through its v4 infrastructure. The protocol also accounts for 47 percent of $161 billion in stablecoin DEX volume during the same period. Partnerships with Stove Finance bring U.S. and South Korean equities onchain via UniswapX while v4 hooks and permissioned pools support compliant real-world asset trading. These developments show Uniswap's growing role bridging traditional finance and decentralized markets.
  • Unichain is moving to OP Enterprise ahead of native interoperability across the OP Stack. Testnet migration begins October 13 2026 and mainnet follows in late October. Users will eventually transfer assets such as ETH between Unichain and other compatible chains without a bridge. Chain ID, contracts, balances and Uniswap deployments remain unchanged.
  • Uniswap v4 hooks enable dynamic fees, permissioned pools and specialized functionality for tokenized assets and launches. Recent examples include StablePair hooks that adjust fees in real time and launchpads on Robinhood Chain that graduate to locked v4 liquidity. SMBC Nikko is building a Japan-focused DeFi gateway on v4 targeted for 2027. These tools expand the protocol beyond simple swaps into compliant and programmable markets.

24h change: +2.28%. From $7.36 to $7.53.

  • Uniswap processed more tokenized stock volume in the last 30 days than every other DEX combined. The protocol's v4 hooks and integrations support trading of real-world assets and tokenized equities. This positions Uniswap as infrastructure for bringing traditional markets onchain. It demonstrates growing institutional and retail adoption of decentralized trading for traditional value.
  • Unichain is moving to OP Enterprise to enable native interoperability across the OP Stack. Users will be able to transfer assets such as ETH between Unichain and other compatible chains without a bridge. Testnet migration begins October 13 2026 and mainnet follows in late October. Existing contracts balances and Uniswap deployments remain unchanged.
  • The UNIfication changes have activated protocol fees that purchase and burn UNI tokens. Recent high activity particularly on chains like Robinhood has contributed millions in revenue some of which flows to burns. Daily burns vary with volume but represent a shift toward value accrual for the token. This builds on governance updates that also included a large one-time treasury burn.

24h change: -3.09%. From $7.57 to $7.34.

  • The UNIfication governance proposal has enabled protocol fees on Uniswap v2 and v3 pools. A portion of swap fees is now used to purchase UNI on the open market for permanent burning, shifting the token from pure governance utility toward value accrual. Daily burns have reached tens of thousands of UNI though current rates remain below the 20 million UNI annual growth budget for ecosystem development. This change marks a structural update to the protocol's economics following high community support in governance votes.
  • Uniswap has captured significant market share in tokenized stock DEX trading with partnerships including OKX and the NYSE owner ICE for 24/7 venues using v4 permissioned pools. SMBC Nikko is also collaborating on a Japan-compliant DeFi gateway targeting launch in 2027. These moves align with broader tokenization trends and leverage v4 hooks for compliant onchain trading of real-world assets. Uniswap's infrastructure is positioned to benefit as institutions explore decentralized venues.
  • Pons, a token launchpad on Robinhood Chain, has surpassed $6 billion in cumulative trading volume through Uniswap v4 hook pools. The StablePair Hook provides dynamic fees for stablecoin pairs to improve liquidity provider returns and trading efficiency. These technical innovations demonstrate growing developer and user engagement with Uniswap v4's customizable architecture. Multi-chain deployments including Arc and Linea further expand access.

24h change: -4.50%. From $7.93 to $7.57.

  • The UNIfication proposal activated a protocol fee mechanism that diverts a share of trading fees to buy and burn UNI, alongside a one-time treasury burn of 100 million tokens. Robinhood Chain has emerged as a major revenue driver, contributing over half of recent protocol revenue in some periods and linking usage directly to token burns. This has begun to change UNI's economics from pure governance to one with value accrual through deflationary pressure during high activity. The development is supported by record protocol fees in recent months even as daily burns vary with volume.
  • Uniswap has captured a leading share of tokenized equities trading on decentralized exchanges, with volume in the sector surging over 10,000 percent year-over-year. Partnerships including with SMBC Nikko target Japan-compliant DeFi access by 2027, while OKX and ICE plan a 24/7 tokenized stock venue on Uniswap v4. These moves expand the protocol into real-world assets and traditional finance infrastructure. Activity remains concentrated outside regular U.S. market hours.
  • UNI has declined approximately 5.5 percent in 24 hours to around $7.75, underperforming Bitcoin and Ethereum amid a broader crypto selloff. Protocol metrics remain robust with high fees from Robinhood Chain and the fee-to-burn mechanism in effect. Technical levels show price testing support near recent lows while open interest remains elevated. The pullback follows a period of gains tied to fee switch activation and tokenized asset growth.

24h change: -10.71%. From $8.90 to $7.95.

  • Uniswap recorded approximately $14.7 million in protocol revenue for September 2026, with Robinhood Chain accounting for more than 50%. This revenue flows into buyback-and-burn mechanisms activated through governance, with annualized burn rates previously exceeding $250 million. The fee switch on v4 pools has significantly increased value accrual to UNI holders by tying usage directly to token supply reduction. These mechanics mark a shift from earlier versions where the governance token had limited direct economic exposure to DEX activity.
  • Uniswap leads tokenized stock trading with billions in volume, much occurring outside traditional U.S. market hours. OKX and ICE notified the SEC of plans for a 24/7 tokenized securities venue built on Uniswap v4 pools with permissioning for compliance. Permissioned pools and hooks allow regulated real-world assets to access AMM liquidity while enforcing issuer rules. Partnerships including SMBC Nikko for a Japan-focused DeFi gateway further integrate traditional finance infrastructure.
  • CME Group is scheduled to launch cash-settled Uniswap futures contracts on October 19, 2026, pending final regulatory approval. Contracts include standard size of 10,000 UNI and micro contracts. This follows UNI's strong performance in 2026 and aligns with growing institutional interest in DeFi primitives. Historical precedents with other assets suggest potential volatility around the listing event.

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