Uniswap (UNI) is the governance token for Uniswap, a leading decentralized exchange (DEX) on Ethereum. Launched in September 2020 by Hayden Adams, it lets users swap crypto tokens directly without a middleman. Here’s all about UNI in simple words:

What is UNI Used For?

Governance: Vote on updates, fees, and proposals for the Uniswap platform.

Liquidity Provision: Add UNI to liquidity pools to earn trading fees.

Staking: Lock UNI in some DeFi setups to earn rewards.

Trading: Buy, sell, or trade UNI on Binance for profit.

Key Features:

Decentralized Trading: No central authority; users control swaps via smart contracts.

Automated Market Maker (AMM): Uses liquidity pools instead of traditional order books.

Ethereum-Based: Runs on Ethereum, ensuring wide compatibility with dApps.

Open Source: Anyone can use or build on its code.

Token Details:

Total Supply: 1 billion UNI.

Circulating Supply: ~753 million (as of June 2025).

Market Cap: ~$6.5 billion, ranking ~#30 globally.

Price: ~$8.63 (check Binance for live prices).

Fun Facts:

Gave away 400 UNI to early users in 2020, worth thousands today!

Handles over $1 billion in daily trading volume at times.

Listed on Binance, Coinbase, and many other exchanges.

Supports thousands of token pairs across DeFi.

UNI powers a top DeFi exchange, giving users control and rewards. It’s a solid pick for DeFi enthusiasts!

#Uniswap #UNI #DeFi #BinanceSquare

@sallu with crypto @Binance Square Official

@Binance Academy