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Uniswap Price
Uniswap price

Uniswap priceUNI

Listed
Buy
$6.33USD
+5.70%1D
The price of Uniswap (UNI) in United States Dollar is $6.33 USD.
Price chart
Uniswap price USD live chart (UNI/USD)
Last updated as of 2025-12-28 09:01:09(UTC+0)

Live Uniswap price today in USD

The live Uniswap price today is $6.33 USD, with a current market cap of $4.62B. The Uniswap price is up by 5.70% in the last 24 hours, and the 24-hour trading volume is $297.12M. The UNI/USD (Uniswap to USD) conversion rate is updated in real time.
How much is 1 Uniswap worth in United States Dollar?
As of now, the Uniswap (UNI) price in United States Dollar is valued at $6.33 USD. You can buy 1UNI for $6.33 now, you can buy 1.58 UNI for $10 now. In the last 24 hours, the highest UNI to USD price is $6.38 USD, and the lowest UNI to USD price is $5.89 USD.

Do you think the price of Uniswap will rise or fall today?

Total votes:
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Voting data updates every 24 hours. It reflects community predictions on Uniswap's price trend and should not be considered investment advice.

Uniswap market Info

Price performance (24h)
24h
24h low $5.8924h high $6.38
All-time high (ATH):
$44.97
Price change (24h):
+5.70%
Price change (7D):
-0.13%
Price change (1Y):
-51.72%
Market ranking:
#24
Market cap:
$4,622,513,344
Fully diluted market cap:
$4,622,513,344
Volume (24h):
$297,116,360.93
Circulating supply:
730.37M UNI
Max supply:
--

About Uniswap (UNI)

About Uniswap

Uniswap (UNI) is a leading decentralized exchange (DEX) that allows the trading of different digital assets on the Ethereum network. Established in 2018 by former Siemens mechanical engineer, Uniswap quickly became one of the most widely-used DEX in the crypto market and is now among the pioneers in decentralized finance (DeFi). Unlike traditional exchanges, which rely on order books to match buyers and sellers, Uniswap employs an automated market maker (AMM) protocol. This AMM model enables liquidity providers to pool their funds into smart contracts, which automatically execute trades based on predefined algorithms.

One of the standout features of Uniswap is its commitment to decentralization. Its smart contract-based infrastructure ensures that all transactions and liquidity provisions occur directly on the Ethereum blockchain, providing a transparent and censorship-resistant environment for users. Uniswap is governed by its community through its native utility token, UNI. UNI holders have voting rights, allowing them to propose and vote on various protocol upgrades, changes, and fee structures.

Resources

Whitepaper: https://uniswap.org/whitepaper-uniswapx.pdf

Official website: https://uniswap.org/

How Does Uniswap Work?

Uniswap's operation revolves around liquidity pools and automated liquidity provision, which eliminates the need for traditional order books. In a liquidity pool, users can contribute funds in two different tokens, effectively becoming liquidity providers. These pools create markets for various token pairs, enabling traders to easily swap between them.

The pricing mechanism on Uniswap is driven by a simple mathematical formula, known as the constant product formula. This formula ensures that the product of the number of tokens in each pool remains constant, even as trades are executed. As a result, the more a particular token is purchased, the higher its price becomes due to the reduced supply in the pool. Conversely, when selling a token, the price decreases as the pool's supply of that token increases.

For instance, if a user wishes to trade Token A for Token B, the Uniswap smart contract automatically calculates the number of tokens to be exchanged based on the current pool ratio. This process ensures that traders receive fair prices and liquidity providers earn fees for providing the trading pairs.

Liquidity providers are incentivized with trading fees to contribute to the pool, promoting a healthy ecosystem for Uniswap. These fees are distributed proportionally to liquidity providers based on their share in the pool. Moreover, liquidity providers receive UNI tokens as an additional reward, enhancing the attractiveness of participating in the Uniswap ecosystem.

Uniswap takes a small fee of 0.3% for every transaction made using readily available liquidity pools. Those who contribute liquidity to such pools receive a fraction of the fee as rewards.

Security and Challenges

Uniswap has not been without its challenges. The most significant concern is the risk of smart contract vulnerabilities. In fact, there have been instances of hacking incidents on DeFi platforms that have led to substantial losses. In this April 2023, hackers used the sandwich attack to successfully steal about US$25.2 million worth of crypto from Uniswap

Uniswap, like any other DeFi protocol, is susceptible to these risks. However, the community and the development team have consistently worked together to improve security measures and conduct regular audits to minimize these risks and strengthen the platform's overall resilience.

What Determines Uniswap's Price?

Determining the current price of Uniswap's native token, UNI, involves a multitude of factors deeply rooted in its decentralized financial (DeFi) architecture. As a dominant player operating on the Ethereum blockchain, Uniswap employs an Automated Market Maker (AMM) model, which replaces traditional order books with liquidity pools.

Uniswap Market Cap and Price Fluctuations

The overall Uniswap market cap plays a significant role in determining UNI token value. Arbitrage opportunities are crucial for balancing prices across platforms. When the UNI price on Uniswap diverges from that on other exchanges, arbitrageurs act swiftly to equalize the price, which in turn influences UNI price history.

How to Check Uniswap Price

For those seeking to understand how to check the current Uniswap price, various platforms offer real-time Uniswap price charts and live updates. Conducting technical analysis on these charts can provide valuable insights into the best time to buy UNI tokens.

Uniswap vs Competitors and Governance Updates

Uniswap's prominence in the DeFi space, especially when compared to competitors like PancakeSwap, often makes headlines in UNI crypto news. Updates on governance proposals and protocol upgrades can have immediate effects on UNI price predictions.

Therefore, keeping tabs on Uniswap token trading volume, market cap, and governance updates is crucial for anyone interested in understanding the Uniswap price today and making educated future investment decisions.

Conclusion

Uniswap has emerged as the leading decentralized exchanges, redefining how cryptocurrencies are traded and offering users a decentralized, efficient, and secure platform to exchange digital assets. Its automated market maker protocol, liquidity pools, and native governance token, UNI, have propelled Uniswap's growth and solidified its place as a pioneer in the decentralized finance (DeFi) sector.

It's important to note that like any other cryptocurrencies, Uniswap carries its own risks and it's always wise to do your own research and exercise caution while investing.

Related Articles about Uniswap

Real-World Use Cases for Blockchain and Crypto: Disrupting Traditional Finance and Redefining the Future

Show more

Uniswap Price history (USD)

The price of Uniswap is -51.72% over the last year. The highest price of UNI in USD in the last year was $15.63 and the lowest price of UNI in USD in the last year was $2.88.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+5.70%$5.89$6.38
7d-0.13%$5.6$6.38
30d+0.95%$4.87$6.44
90d-18.06%$2.88$10.05
1y-51.72%$2.88$15.63
All-time+482.27%$0.4190(2020-09-17, 5 years ago)$44.97(2021-05-03, 4 years ago)
Uniswap price historical data (all time)

What is the highest price of Uniswap?

The UNI all-time high (ATH) in USD was $44.97, recorded on 2021-05-03. Compared to the Uniswap ATH, the current Uniswap price is down by 85.93%.

What is the lowest price of Uniswap?

The UNI all-time low (ATL) in USD was $0.4190, recorded on 2020-09-17. Compared to the Uniswap ATL, the current Uniswap price is up 1410.52%.

Uniswap price prediction

When is a good time to buy UNI? Should I buy or sell UNI now?

When deciding whether to buy or sell UNI, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget UNI technical analysis can provide you with a reference for trading.
According to the UNI 4h technical analysis, the trading signal is Strong buy.
According to the UNI 1d technical analysis, the trading signal is Buy.
According to the UNI 1w technical analysis, the trading signal is Sell.

What will the price of UNI be in 2026?

In 2026, based on a +5% annual growth rate forecast, the price of Uniswap(UNI) is expected to reach $6.42; based on the predicted price for this year, the cumulative return on investment of investing and holding Uniswap until the end of 2026 will reach +5%. For more details, check out the Uniswap price predictions for 2025, 2026, 2030-2050.

What will the price of UNI be in 2030?

In 2030, based on a +5% annual growth rate forecast, the price of Uniswap(UNI) is expected to reach $7.8; based on the predicted price for this year, the cumulative return on investment of investing and holding Uniswap until the end of 2030 will reach 27.63%. For more details, check out the Uniswap price predictions for 2025, 2026, 2030-2050.

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FAQ

How do I use Uniswap?

To use Uniswap, you'll need an Ethereum wallet like MetaMask and some Ethereum (ETH) to pay for gas fees. Connect your wallet to the Uniswap interface, then choose the tokens you wish to swap. Confirm the transaction details, including the exchange rate and any associated fees, then approve the transaction from your wallet. Once confirmed on the Ethereum network, the tokens will be swapped.

What are the fees on Uniswap?

Uniswap charges a 0.3% trading fee on each swap. This fee is distributed to liquidity providers for that particular trading pair. Note that users must also pay Ethereum network gas fees, which can vary based on network congestion.

What are the risks of using Uniswap?

The primary risks include smart contract vulnerabilities, impermanent loss for liquidity providers, and high gas fees during network congestion. Additionally, because anyone can list tokens on Uniswap, there's a risk of interacting with scam or low-quality tokens.

What determines the price of tokens on Uniswap?

Uniswap uses liquidity pools to enable trading. A liquidity pool is essentially a smart contract that holds pairs of tokens. Anyone can provide liquidity by depositing an equivalent value of each token in the pool. In return, they receive liquidity tokens, which can later be used to reclaim their share of the pool's assets. The pricing mechanism of Uniswap V2 uses a constant product formula: x∗y=k, where x and y are the amounts of the two tokens in the liquidity pool, and k is a constant value. According to this formula, the product of the amounts of the two tokens should remain constant, meaning that if the quantity of one token increases, the quantity of the other must decrease to maintain the constant The price of each token in a Uniswap pool is effectively determined by the ratio of the amounts of the two tokens in the pool. When you want to trade Token A for Token B, the quantity of Token A you provide is added to the pool, and you receive Token B from the pool. This changes the ratio of the two tokens in the pool, which subsequently changes the price according to the constant product formula. The price can also be influenced by external factors such as overall market conditions and demand for the tokens.

What affects the value of UNI Token?

The value of the UNI token, Uniswap's governance token, is influenced by a number of factors. These include overall trading volume on Uniswap, the success and adoption of governance proposals, the fees generated by the platform, and general sentiment in the crypto market. Additionally, utility cases like staking and governance participation can also impact its value.

How accurate is the price on Uniswap compared to centralized exchanges?

The price of assets on Uniswap can vary compared to centralized exchanges due to these main factors: - Market Orders Centralized Exchanges: Usually offer more types of orders, like limit orders, which can create a more "accurate" or balanced price. Uniswap: Primarily facilitates market orders, which are subject to the available liquidity, potentially causing more price variation. - Regulation and Trust Centralized Exchanges: Are usually regulated and are required to implement various compliance measures. This could potentially make pricing more reliable. Uniswap: Is not regulated in the same way and is more permissionless, which could potentially introduce more variability. - Transparency: Centralized Exchanges: May have some opaque operations, and there is a risk of manipulation. Uniswap: Being a decentralized and open-source protocol, it offers more transparency, though it's still susceptible to things like impermanent loss and other DeFi risks. - Time Delay: Centralized Exchanges: May offer faster trade execution, which could lead to more accurate prices. Uniswap: May suffer from delays due to Ethereum network congestion, leading to a temporal discrepancy in pricing.

What is the current price of Uniswap (UNI)?

The current price of Uniswap (UNI) can be found by checking the latest market data on platforms like Bitget Exchange.

What factors influence the price of Uniswap?

The price of Uniswap is influenced by factors such as market demand, trading volume, overall market sentiment, and developments in the DeFi sector.

Is Uniswap a good investment at its current price?

Determining if Uniswap is a good investment depends on individual financial goals and market analysis. It's advisable to conduct thorough research before investing.

How often does the price of Uniswap change?

The price of Uniswap can change frequently due to the volatility of cryptocurrencies, especially during high trading activity on exchanges like Bitget.

Where can I buy Uniswap (UNI) at the best price?

You can buy Uniswap (UNI) at competitive prices on Bitget Exchange, which often provides various trading pairs and liquidity.

What is the price prediction for Uniswap in the coming months?

Price predictions for Uniswap vary widely, and many analysts suggest researching market trends and statistics before forming opinions.

How does the liquidity of Uniswap affect its price?

The liquidity of Uniswap impacts its price by influencing how easily it can be bought or sold without significant price changes.

What are the trading fees for Uniswap on Bitget Exchange?

Trading fees for Uniswap on Bitget Exchange vary depending on the trading volume and specific pair but are competitive within the market.

Can I set price alerts for Uniswap on Bitget Exchange?

Yes, Bitget Exchange often provides features that allow users to set price alerts for cryptocurrencies, including Uniswap.

What should I do if Uniswap's price drops significantly?

If Uniswap's price drops significantly, it's essential to assess your investment strategy and market conditions. Consulting with a financial advisor may also be beneficial.

What is the current price of Uniswap?

The live price of Uniswap is $6.33 per (UNI/USD) with a current market cap of $4,622,513,344 USD. Uniswap's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Uniswap's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Uniswap?

Over the last 24 hours, the trading volume of Uniswap is $297.12M.

What is the all-time high of Uniswap?

The all-time high of Uniswap is $44.97. This all-time high is highest price for Uniswap since it was launched.

Can I buy Uniswap on Bitget?

Yes, Uniswap is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy uniswap guide.

Can I get a steady income from investing in Uniswap?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Uniswap with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Uniswap (UNI)?

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Cryptocurrency investments, including buying Uniswap online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Uniswap, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Uniswap purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

UNI/USD price calculator

UNI
USD
1 UNI = 6.33 USD. The current price of converting 1 Uniswap (UNI) to USD is 6.33. This rate is for reference only.
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UNI resources

Uniswap ratings
4.4
100 ratings
Contracts:
0xFa7F...2f1F7f0(Arbitrum)
Moremore
Links:

Bitget Insights

BlockBeats
BlockBeats
8h
1 billion UNI tokens were burned this morning, worth approximately $5.96 billion.
BlockBeats News, December 28, the 1 billion UNI tokens from the Uniswap treasury have been burned this morning, worth approximately $5.96 billion.
UNI+5.58%
Cryptonewsland
Cryptonewsland
9h
Altcoin Market at Make-or-Break Levels: 5 High-Risk Buys as Dominance Nears Potential +40% Move
Altcoin dominance is approaching levels historically linked to sharp volatility expansions. High-risk assets typically outperform first during dominance reversals. Confirmation remains essential, as failed breakouts could reinforce downside pressure. The altcoin market is approaching a critical inflection point as dominance metrics compress near historically decisive levels. Market data indicates that altcoin dominance has stabilized after a prolonged contraction, often associated with late-cycle redistribution phases. Analysts note that similar structural setups previously preceded sharp, volatility-driven expansions. While confirmation remains absent, positioning across select high-risk assets has increased. The current environment reflects a fragile balance between caution and speculative re-entry, shaped by declining momentum in Bitcoin dominance and improving relative strength across several altcoin sectors. Within this context, several tokens are being closely monitored due to their technical behavior, liquidity profiles, and historical responsiveness during dominance reversals. These assets are not considered low-risk exposures, but their structure places them among the more dynamic instruments should dominance expand toward the projected 40% range. Solana (SOL) Shows Exceptional Structural Resilience Solana continues to display an outstanding recovery structure relative to the broader market. Price action has remained technically intact despite recent volatility. Network usage metrics remain stable. Liquidity conditions are considered superior compared to many peers. However, resistance remains overhead, limiting immediate upside without confirmation. Tezos (XTZ) Maintains a Groundbreaking Base Formation Tezos has formed a prolonged accumulation range that technicians describe as remarkable. Volatility compression has persisted for several weeks. Such conditions historically precede expansion phases. The asset remains speculative, though structure remains intact above key historical levels. Uniswap (UNI) Holds Phenomenal DeFi Relative Strength Uniswap’s market behavior has remained comparatively resilient during recent drawdowns. The protocol’s token continues to reflect innovative positioning within decentralized exchange infrastructure. Price remains range-bound. A breakout would likely require broader sector participation. SPX6900 (SPX) Reflects Unmatched Speculative Momentum SPX6900 remains a high-risk instrument driven largely by narrative and liquidity flows. Its price structure has shown unmatched volatility. Such assets historically outperform during dominance expansions. Risk remains elevated due to thin market depth. Gigachad (GIGA) Retains a Dynamic High-Yield Profile Gigachad continues to attract speculative interest amid improving short-term structure. The asset is considered elite within its niche. Liquidity remains inconsistent. Price reactions tend to be abrupt during market rotations. Tags: Altcoin Crypto market cryptocurrency Solana Tezos (XTZ) Uniswap (UNI)
XTZ+1.09%
SOL-0.36%
Coinomedia
Coinomedia
16h
Best Crypto to Buy Now: TAO Next Rally Incoming, While DeepSnitch AI Pumped 100%
Uniswap ends 2025 with major upgrades, following the approval of Unification with 125 million votes in favor, making the UNI token now deflationary. Meanwhile, TAO appears to be preparing for its next upward leg, with a target of $700. Looking at new cryptocurrencies with great upside, DeepSnitch AI is considered the most promising for 2026. As an artificial intelligence project, it’s building an innovative platform that could be a game-changer in the industry. With a 100% bonus offer, it’s probably the best crypto to buy now with 100x potential. A Coinbase study reveals that young investors have tripled their cryptocurrency investments A study published by Coinbase in December revealed that young investors (those belonging to generation Z and millennials) have tripled their crypto investments, and now allocate 25% of their portfolios to cryptocurrencies and NFTs. This is three times more than older investors (generation X and baby boomers), who allocate only 8% (mostly in BTC or ETFs). This is due to the fact that many young people believe that cryptocurrencies are essential to their long-term wealth-building strategy. However, the anxiety of wanting to make quick money has caused many to lose money. This is because reports indicate that more than 84% of short-term crypto traders incur losses in their operations. Among the main reasons cited for losses are high leverage, lack of knowledge, and receiving incorrect information about markets or projects. Although cryptocurrencies are a fundamental part of the financial system in the future, it is also a very volatile market, and young people will need to study more if they want to achieve financial success. Why is DeepSnitch AI a potential next crypto to 100x? Studies like Coinbase’s are important for understanding what’s happening in the market. Young people are increasingly investing in cryptocurrencies, but they are also the most vulnerable to making bad trades and losing money. If 84% of short-term traders end up in a loss, projects like DeepSnitch AI are becoming increasingly necessary. This project could be a game-changer for the market, as it’s creating a platform with innovative tools where AI agents monitor several on-chain activities, whale movements, market news, and transform all this information into reports to send to users in real time. This is the type of tool that previously only investment funds or big investors had access to, due to the high cost. DeepSnitch AI aims to democratize the market and help traders improve their investment decisions based on real market information. It is this innovative approach that has led to this project being cited as the best crypto to buy now. DeepSnitch AI is still in presale, which means you can invest in an early project, but the best part is that there’s a New Year’s bonus offer: those who invest over $2,000 receive 50% more tokens, and over $5,000 receive 100% more tokens. They just need to add the coupon DSNTVIP50 to receive 50% more or DSNTVIP100 to receive 100% more. Uniswap is becoming deflationary, and that’s bullish! Uniswap has marked the beginning of its new phase with the approval of the “UNIfication” proposal, which will allow a portion of trading fees to be directed towards burning UNI tokens. In practice, this transforms the token from a purely governance asset to one directly linked to the economy of the largest DEX in the market. Now every person who makes a swap on Uniswap DEX will be indirectly helping to burn UNI tokens, making the project deflationary in the long term. The news was positive and pulled the token’s price back to the $6.00 range, accumulating a 10% increase in December. With a structural change in its token and tokenomics, now investors speculate that the price may finally rise again, and are placing UNI targets in the $20 and $30 range for 2026. This could represent a 300% upside for investing in the largest DEX on the market. A relatively safe investment, which makes UNI one of the best cryptos to buy now. TAO appears to be preparing for the next rally over $700 TAO could be one of the top cryptocurrencies to buy today because it has returned to a very important demand zone, between $200 and $250, which has acted as support for months. Whenever it falls below this lower zone, buyers quickly appear, making it a zone with an excellent risk/reward ratio at the moment. Bittensor has been accumulating in this region for months, and if volume returns, it could quickly rise again to the resistance zone at $700. This would represent a rise of almost 250% just to test the higher resistance. Despite falling 23% in December and ending the year down, the outlook is bullish for 2026. The project went through its first halving, cutting token emissions in half, and the AI ​​market is expanding, while interest in TAO ETPs is growing. Whether based on the chart or the arguments, TAO is currently one of the best cryptos to buy now. ConclusionUniswap took a giant step by making its token deflationary; however, it may take some time for this action to impact the price. TAO has been in an accumulation zone for months, but has shown a lack of volume to test its higher resistance. DeepSnitch AI is currently the project with the best upside potential for 2026. Because it’s still in presale, it offers the opportunity to invest early in an AI project, paying a low price (just $0.03020) and even taking advantage of a bonus offer that could double your investment. With so many benefits and so much potential, it’s the best crypto to buy now. Visit the official website for more information, and join X and Telegram for community updates. FAQs 1. Why is DeepSnitch AI considered a high-upside AI crypto project? DeepSnitch AI is an AI-powered analytics platform that tracks on-chain data, and market news in real time, turning complex data into actionable insights. Its early presale stage, combined with strong demand for AI-driven trading tools, gives it significant upside potential. 2. What are the trending coins this week? Trending coins this week include AI-focused projects like DeepSnitch AI, alongside established names such as TAO and UNI. Due to its early-stage AI use case, DeepSnitch AI is often mentioned as the best crypto to buy now by investors. 3. How does the long-term potential and upside of TAO compare to DeepSnitch AI? TAO offers a more mature AI ecosystem with lower risk but moderate upside, while DeepSnitch AI has higher long-term upside due to its early presale stage. Both benefit from AI growth, but DeepSnitch AI offers potentially higher rewards. Disclaimer: The information provided in this article is part of a sponsored post, press release, or paid content and is for promotional purposes only. Readers are encouraged to conduct their own research and exercise caution before making any decisions based on the content. Coinomedia does not endorse, guarantee, or take responsibility for the accuracy or reliability of the information, products, or services mentioned and will not be liable for any losses or damages incurred. Tags DeepSnitchAI PressRelease
UNI+5.58%
TAO+0.71%
Crypto Ninjas
Crypto Ninjas
18h
UNIfication Greenlights 100M UNI Burn and Switches On Protocol Fees
Key Takeaways: The proposal of UNIfication has been passed by more than 125 million UNI votes by Uniswap governance, which was well above the expected quorum. This choice opens a one-time burn of 100 million UNI of the treasury and protocol-level trading fees following a brief timelock. The shift restructures the tokenomics of Uniswap, which previously relocated the value capture to the frontend fees, and it also alarms the liquidity providers. Uniswap has passed one of the key governance resolutions in its history. The UNIfication proposal is a game changer in terms of the manner the protocol frames value and aligns incentives throughout its ecosystem. Table of Contents Uni Governance Provides a Resounding Vote Which UNification Changes to the Core of Uniswap The Treasury will burn a 100 Million UNI Protocol Fee Switches are Put into Service Frontend Fees Are Turned Off The Reason This Vote is Important to UNI Tokenomics Liquidity Providers Wave Red Flags Uni Governance Provides a Resounding Vote The support of the UNIfication project is overwhelming among the community of Uniswap, the long-awaited project to revamp the economic model of the protocol. The vote ended on December 25, with 125,342,017 UNI. The outcome was a smash of the 40 million quorum of UNI, indicating general agreement between token owners. The proposal is currently in a two-day timelock following the normal governance procedure and once the approved changes undergo a timelock, they are executed on-chain. This is not only a vote that has a margin but has implications. UNIfication will change how Uniswap earns money on its huge trading volumes without charging interfaces and instead capturing value at the protocol layer. Read More: Uniswap Vote Nears 62M UNI as Fee Switch, 100M Token Burn and Revenue Model Overhaul Loom Which UNification Changes to the Core of Uniswap UNIfication fundamentally reinvents the flows of economic value through the Uniswap ecosystem. The Treasury will burn a 100 Million UNI The most seismic and the most newsworthy is a one-time burn of 100 million UNI tokens, which will be sourced directly out of the treasury of Uniswap. This burn permanently lowers the circulating supply of UNI, and is a retroactive fixing of all protocol fees that have never been raised in past years. Decreasing supply on this level, Uniswap may present a massive deflationary event that depends not on the market, but on governance action. Protocol Fee Switches are Put into Service Together with the burn, UniSwap will enable protocol fee switches on liquidity pools supported. As opposed to channeling all the swap fees directly to liquidity providers, some of them will now be accrued at the protocol level. More importantly, these fees are not charged in the interface of Uniswap, but rather in the protocol. This difference supports the purpose of Uniswap as an impartial infrastructure and not an application that charges fees. Frontend Fees Are Turned Off To accompany the same change, Uniswap Labs will turn off frontend charges, halting interface-based monetization. The protocol realigns development and revenue generation with the core mechanics of the protocol, and makes Uniswap more consistent with its decentralized ethos. The Reason This Vote is Important to UNI Tokenomics UNIfication is a structural change in the derivation of value in UNI. Rather than depending on the indirect demand or speculative story, the protocol is much closer to the economic activity of Uniswap by connecting UNI to it. The protocol-level fees become higher as the trading volume is rising. Governance can determine over time how such fees are spent such as additional burns or other value-accretive mechanisms. The 100 million UNI burn is also a powerful message. It does recognize that the protocol had years of operation without its fee switch going off and tries to amend that hindsight lapse. Very little DeFi protocols have made such an overt retroactive measure. This forms a more direct relationship between protocol usage and token economics to UNI holders, despite the fact that UNI itself does not automatically get fee distributions. Liquidity Providers Wave Red Flags Although this was almost unanimous, UNIfication has raised eyebrows among veteran liquidity providers (LPs). Other arguments lobbed by some LPs are that protocol fees will squeeze already small margins, particularly on Uniswap v3 pools where capital efficiency is high but returns are very price-elastic to fees. A minor protocol take can have a material impact on profitability. Two broad paths of risk have been presented by critics. In the former, there is no aggressive intervention as a form of governance. The decreasing net LP returns are a gradual withdrawal of liquidity which causes a decrease in depth and poor fee generation. In the second, the governing body has a high dependence on UNI incentives to retain liquidity in place. Although this could stabilize pools, it can also cause a systemic effect of a circular economy of token emissions compensating protocol fees at the expense of long-term UNI holders. Read More: $100B Milestone Reached: Polygon Sets New Record on Uniswap, Signals DeFi Momentum
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What Is Uniswap’s UNIfication Proposal? Fee Switch, UNI Burns Explained
Story Highlights Uniswap activates its long-awaited fee switch, routing protocol fees to burn UNI tokens and directly tying network growth to token value for the first time. UNIfication restructures Uniswap under one roof, removes user-facing fees, and tests whether DeFi giants can finally convert usage into token value. Uniswap has entered a new chapter after its community overwhelmingly approved the long-awaited UNIfication proposal. The vote passed with near-unanimous backing, showing strong confidence in reshaping how value flows through the protocol. More than a governance tweak, the decision marks a shift toward tying Uniswap’s growth more directly to the UNI token itself. Advertisement --> At its core, the proposal reflects a belief that Uniswap has matured enough to move beyond experimentation and into a more sustainable, value-driven phase. Fee Switch Goes Live, UNI Burn Begins The biggest change under UNIfication is the activation of Uniswap’s long-discussed protocol fee switch. Until now, trading fees on Uniswap flowed entirely to liquidity providers. Going forward, a portion of those fees will be routed to the protocol and used to burn UNI tokens. This means Uniswap activity will now directly reduce UNI supply. As trading volume grows, more tokens are removed from circulation, reinforcing a long-term scarcity model. Net sequencer fees from Unichain will also be added to this burn mechanism, strengthening the link between protocol usage and token economics. After a mandatory two-day timelock, Uniswap will execute a one-time burn of 100 million UNI, an estimate of what could have been burned if the fee switch had existed from the start. Also Read : Cardano Founder Signals Major Midnight Push, Says 2026 “Is Not Ready” , Internal Restructuring Under Uniswap Labs Beyond token economics, UNIfication also simplifies Uniswap’s operations. Responsibilities previously split between the Uniswap Foundation and Uniswap Labs will now sit under a single roof. As part of the shift, Uniswap Labs will remove interface, wallet, and API fees, aiming to reduce friction for users and developers. A recurring UNI-funded growth budget has also been created to support long-term development rather than short-term incentives, signaling a more structured approach to protocol expansion. Community Reactions Are Split but Engaged Reaction across crypto has been lively. Crypto user Alexander described the move as a major moment for DeFi, arguing it creates a more level playing field. He noted that liquidity providers unwilling to share a portion of yields now have alternatives like Velodrome and Aerodrome, increasing competition across DeFi. Others were more skeptical. Another user pushed back on the excitement around token burns, arguing that uncirculated tokens have no real market value and burning them doesn’t meaningfully reduce dilution. In his view, the fee switch is the real story, not the burn headline. Meanwhile, guto.eth welcomed the change, calling it a defining test for DeFi. He argued that if protocols like Uniswap and Aave can’t turn major upgrades into real value reflected in token prices, the sector risks losing credibility. Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Subscribe to News FAQs What is the UNIfication proposal on Uniswap? UNIfication is a governance upgrade that activates Uniswap’s fee switch, links protocol revenue to UNI burns, and aligns growth more closely with the UNI token. How does Uniswap’s new fee switch work? A portion of trading fees now goes to the protocol instead of solely to liquidity providers, and those funds are used to permanently burn and reduce the circulating supply of UNI tokens. Why is UNIfication important for DeFi overall? It tests whether major DeFi protocols can convert real usage into sustainable token value, a key step for long-term credibility and growth. Tags Crypto news
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