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
