Price
$10.82
24h% change
13.8%
Volume (24h)
$1.193B
Market Cap
$6.496B
Uniswap stands as a decentralized exchange (DEX), streamlining the process for users to exchange ERC-20 tokens without relying on a centralized intermediary. Through a DEX like Uniswap, traders bypass the necessity of depositing tokens onto an exchange, thereby mitigating the security vulnerabilities often associated with centralized platforms.
Utilizing an Ethereum wallet such as Metamask, users can promptly initiate token swaps without the requirement of an orderbook. This mechanism operates via an Automated Market Maker (AMM), where Liquidity Providers (LP) contribute tokens into the smart contract. This pool of liquidity then furnishes traders with price quotations, eliminating the dependence on professional market makers. In return for providing liquidity on the protocol, Liquidity Providers receive compensation in the form of a 0.3% trading fee.
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Uniswap’s historic highest price is $44.92, which was recorded on 3rd of May 2021. Currently, Uniswap’s price is %75.9 Lower than its historic high.
Uniswap’s historic lowest price is $1.03, which was recorded on 1st of January 1970. Currently, Uniswap’s price is %951.3 Higher than its historic low.
Let's take a look at the important factors that impact Uniswap's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.