Uniswap UNI
Uniswap (UNI) is the governance token for the Uniswap protocol, one of the largest decentralised exchange systems in crypto.
Affiliate disclosure: we may earn a commission. Offers do not affect rankings. T&Cs apply.
Market data
Key metrics
Price chart
Uniswap price chart
Converter
UNI to USD calculator
Convert any amount of UNI to USD (or USD to UNI) at the live mid-market rate.
Rate: 1 UNI = 3.25 USD. Live mid-market price refreshed every 5 minutes. Exchanges may quote slightly different rates including spread and fees.
Where to buy
Compare verified UNI exchanges
A broader comparison of up to five exchange partners with UNI support and a region-routed sign-up link, ranked by HodlChecker score rather than bonus size.
We may earn a commission when you sign up via our links — this never affects price or our rankings. Crypto is volatile and you can lose money. Availability varies by country.
UNI market prices
Uniswap markets
Native UNI spot pairs on centralized exchanges, ranked by reported 24h USD volume. Prices can differ by spread, liquidity, fees, and region.
Market data is filtered to remove stale or anomalous pairs. Use it as a liquidity and price reference, not a guarantee of executable pricing.
What Uniswap represents
UNI is the governance token for Uniswap, a decentralised exchange protocol. Protocol token pages focus on protocol usage, governance power, token economics, and value-accrual risk rather than mining, staking, or peg mechanics.
UNI governs the Uniswap protocol
UNI is primarily a governance token. Holders can delegate voting power and participate in decisions around protocol parameters, treasury spending, fee settings, deployments, and ecosystem incentives. Owning UNI does not automatically make a holder a liquidity provider or guarantee fee income.
Treasury allocation
Governance can approve grants, incentives, service-provider budgets, and other spending from the Uniswap treasury.
Protocol fees
Governance can configure protocol fees, which are separate from LP swap fees and can route value into protocol-controlled contracts.
Protocol direction
Governance steers deployments, ecosystem initiatives, upgrades, and parameter changes that shape how Uniswap competes across chains.
Protocol metrics to watch
The live market cap tells you what the token is worth today. These protocol metrics help explain whether the underlying protocol is becoming more useful, more profitable, or more strategically important.
DEX volume
Primary demand signalSwap volume shows whether traders and aggregators are routing meaningful activity through Uniswap pools.
Check metricTVL / liquidity
Execution qualityDeep liquidity helps Uniswap offer better pricing and lower slippage, which protects market share against competing DEXs.
Check metricProtocol fees
Value-accrual variableProtocol-fee activation and release mechanics are governance-sensitive, so fee policy matters more than headline swap volume alone.
Check metricGovernance participation
Control qualityDelegation, quorum, voter concentration, and proposal quality determine whether token governance is active or merely symbolic.
Check metricUNI token economics
Governance value, not gas value
UNI is not the gas token for Uniswap trades. Users pay network gas in ETH or the relevant chain asset, while UNI is used for governance and delegation.
Fees are not automatic dividends
Uniswap protocol fees and fee-release mechanics depend on governance and contract design. Treat any token-holder value accrual as policy-dependent, not guaranteed income.
Token demand follows protocol relevance
If Uniswap keeps deep liquidity, high routing share, and credible governance, UNI can retain strategic value. If volume migrates elsewhere or governance fails to create value, token demand can weaken even if the protocol remains known.
Uniswap protocol-token risks
Protocol tokens can look attractive because the underlying apps are widely used. The token still has separate risks around governance, fee policy, competition, regulation, and whether usage creates value for holders.
Value-accrual uncertainty
A protocol can be heavily used without sending direct value to token holders. UNI valuation depends partly on future governance choices and fee mechanics.
Governance concentration
Large delegates, foundations, investors, and inactive voters can shape outcomes. Token-weighted governance is not one-person-one-vote.
Smart-contract and integration risk
Uniswap contracts are widely used, but DeFi integrations, hooks, routers, bridges, and front ends can introduce separate risks.
Competitive pressure
DEX aggregators, competing AMMs, CEXs, intent protocols, and chain-specific incentives can pull volume and liquidity away.
Regulatory risk
Decentralised trading protocols and their interfaces can attract regulatory scrutiny, especially around front-end access, token listings, fees, and governance responsibility.
Treasury and incentive risk
Grants and liquidity incentives can support growth, but weak spending discipline can dilute the strategic value of the treasury.
About the asset
About Uniswap
UNI is the governance token for Uniswap, an Automated Market Marker DEX on the Ethereum blockchain. The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
What drives the Uniswap price
The structural forces behind UNI's price moves — without forecasting where it goes next.
Protocol usage
UNI is tied to the Uniswap protocol narrative, so traders watch swap volume, liquidity depth, active pools, chain deployments, UniswapX adoption, Unichain activity, and whether Uniswap keeps share against other DEX aggregators and AMMs.
Governance and fee decisions
UNI holders govern protocol parameters, treasury spending, and protocol-fee activation. The token does not automatically receive all Uniswap trading fees; the market prices expectations around governance decisions, fee collection, buyback or burn mechanics, and future value-accrual proposals.
Regulation and competition
Uniswap sits at the center of DeFi trading, so regulatory pressure, front-end rules, MEV, competing DEXs, aggregator routing, and liquidity incentives can all affect UNI demand even when the smart contracts continue operating.
Uniswap milestones
- Nov 2018Uniswap v1 launches on Ethereum
- Sep 2020UNI token launches and Uniswap governance begins
- May 2021Uniswap v3 introduces concentrated liquidity
- Oct 2023UniswapX begins expanding intent-based routing
- 2024Uniswap v4 and Unichain become major protocol roadmap items
This is context, not a forecast. Uniswap prices can move sharply in either direction; nothing on this page is financial advice.
Uniswap FAQ
What is the current price of Uniswap?
How do I buy Uniswap?
Is Uniswap a good investment in 2026?
How is the Uniswap price determined?
What is the maximum supply of UNI?
Can I buy Uniswap on a decentralised exchange (DEX)?
What is the official Uniswap contract address?
Informational only. Cryptocurrency is volatile and not suitable for everyone — nothing on this page is financial advice.