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What is Uniswap?

UNI

Uniswap is a decentralised exchange protocol where anyone can swap tokens against liquidity pools.

The tokenUNI is the governance token: holders vote on changes to the protocol and on how its treasury is used.

Supply and what is still to come

How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.

Circulating supply
886.1 million UNI
Total supply
1.000 billion UNIin existence, locked or not
Maximum supply
None fixedno fixed maximum
Issued or unlocked
70.4%outside the project's own wallets, of the tokens not burned
Held in the project's disclosed wallets
26.2%262.2 million UNI
Burned
113.9 million UNIsent to addresses that can never spend

A year in the market

Measured on the daily closes of our own US dollar price index.

Return, past year
+13.0%daily closes
Volatility, past year
95%annualised, daily log returns
Deepest fall from a peak, past year
−74.4%daily closes
Below its all-time high
−83.9%high of $43.11 on 4 May 2021
Correlation with bitcoin
0.62daily returns, past year; 1 is lockstep
Beta to bitcoin
1.33its usual move for a 1% move in bitcoin

Points to check

What our data shows that a holder should know. Each point is a measurement, not a rating.

  1. Held by the project

    26.2% of the total supply sits in wallets the project discloses as its own.

  2. Price swings

    Its daily moves were 2.2x as large as bitcoin's over the past year (volatility 95% against 44%).

  3. Distance from the high

    It trades 84% below its all-time high daily close of $43.11 (4 May 2021).

Questions

What is Uniswap?

Uniswap is a decentralised exchange protocol where anyone can swap tokens against liquidity pools.

What is UNI used for?

UNI is the governance token: holders vote on changes to the protocol and on how its treasury is used.

Is Uniswap's supply capped?

No fixed maximum (no fixed maximum); the total supply today is 1.000 billion UNI.

Where is Uniswap traded?

On 10 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 10 list perpetual futures. The token finder lists every pair.

Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update 9 Nov 2026, 01:00 UTC.