Uniswap is a decentralized finance (DeFi) protocol for the exchange of cryptocurrencies and tokens.
Built atop Ethereum, the platform allows users to swap, earn, and build on different cryptocurrencies.
Being one of the largest decentralized exchanges out there, in terms of trading volume, Uniswap also provides automated trading. The ecosystem is community-governed using the native UNI token.
This article is the last guide you need to understand the Uniswap platform and its native utility token UNI.
We will discuss the major features of the platform, the economics of the token, its market performance and finally tell you where and how you can buy them.
Uniswap Key Features
| Decentralization | On Uniswap, the users have full control over their assets and trades without relying on a centralized authority. |
| Non-custodial | The platform allows users to retain ownership and control of their assets throughout the trading process. This will eliminate the risk of hacks and frozen accounts. |
| Liquidity | Uniswap incentivizes users to create liquidity pools, to allow seamless trading activity. |
| Accessibility | Users can trade directly from their wallets, eliminating the need for boring account setups and KYC hurdles. |
| Low Fees | The automated market-making approach eliminates the need for intermediaries, resulting in reduced fees compared to centralized exchanges. |
| Open-Source | Uniswap is open-source, meaning that the code can be publicly viewed by anyone, making the platform more secure. |
| Cross-Chain Compatibility | Uniswap protocol can be deployed on blockchain. It is already on Ethereum, Polygon, Arbitrum, Optimism, Binance Smart Chain, and Celo, to name a few. |
Uniswap (UNI) Tokenomics
The supply of UNI is capped at 1 billion tokens, which is also equal to the total supply. Out of these, 598,736,140 UNI are in circulation.
Uniswap (UNI) Past Performance
Since its launch in September 2020, the token has moved very slowly until the prices skyrocketed during the crypto bull run in 2021.
At one point in May, UNI was trading at $44.97. It was followed by a gradual correction and has been mostly trading below the $10 mark from mid-2022.
However, thanks to the recent crypto boom, the prices have started to catch up starting from February 2024.
As of now, UNI is traded at $10.85, which is close to 2 percent down from yesterday’s prices. The market capitalization is close to $6.5 billion and the 24-hour trading volume is $364 million.
Uniswap (UNI) Price Forecast 2024
According to our quants, the current sentiment of UNI is bullish and the Fear & Greed Index scores 82 indicating extreme greed.
The UNI token stayed 16 (53%) of the last 30 days in the green territory with a high 21.58% price volatility.
Based on the technical analysis, the UNI price is expected to drop by 6.29% and reach $ 10.19 by the end of next week.
Uniswap (UNI) Price Forecast 2025
Talking about 2025, the Uniswap token is expected to trade between $ 9.65 on the lower side and $ 23.10 on the higher side.
If we compare that to the current price, this will be a gain of 113.11% by 2025, provided UNI hits the upper price target.
Uniswap (UNI) Price Forecast 2030
Fast forward to 2030, our half-speculative, half-educated guess price forecast of UNI is that it will fall anywhere from $ 51.85 to $ 97.72.
If the token could hit the latter figure, this would be a massive return of 803.33%.
Where to Buy Uniswap (UNI)?
It’s ironic that you can buy the Uniswap token from all the popular centralized exchanges like Binance, Binance, HTX, Coinbase, Bybit, KuCoin, Gate.io, and Kraken. And, of course, you can buy it from Uniswap itself.
How to Buy Uniswap (UNI)?
I assume that you are new to crypto. Thus I will list down the steps to buy UNI from Binance. It checks all the right boxes for a beginner.
- Go to the Binance mobile app and sign up for a new account. Give your personal information, and complete the KYC.
- Load your Binance wallet with any stablecoin. We will use Tether here.
- Navigate to the trading section, tap the search bar, and enter UNI/USDT. Select the option shown.
- Choose ‘limit order’, and write the number of tokens you want to purchase.
- Hit ‘buy’, and verify the details. Hit ‘confirm’.
- Your tokens will appear on your Binance wallet.
Conclusion
Uniswap fully embraces the decentralization philosophy envisioned by Satoshi Nakamoto. It offers a secure solution against hacks and government interference in the economy.
The platform continues to attract new users and lead the DEX space. After being under the weather for a while, the market price of UNI is finally showing signs of recovery starting from this year. Our technical indicators are bullish on the token.
Leaving all the optimism behind, we want to remind the reader that investing in crypto assets carries large risks.
Owing to its still novel nature, market conditions can cause large price fluctuations, to the degree of wiping out one’s personal fortune. Thus we recommend doing one’s independent research before investing in such financial instruments.
