UNI — Uniswap
UNI is the native token of Uniswap, currently ranked #43 by market capitalisation in the DeFi DEX category with an approximate circulating market cap of 5B. This page provides live price data, tokenomics, recent news flow, and peer comparison drawn from the DeFi Intel research database.
Governance update: In late December 2025 UNI holders approved the "UNIfication" proposal (introduced by Uniswap Labs and the Uniswap Foundation in November 2025) with near-unanimous support. It activates the long-dormant protocol fee switch, directing a share of Uniswap trading fees and Unichain sequencer fees toward burning UNI, and includes a retroactive burn of 100 million UNI from the treasury. This introduces a fee-driven burn mechanism that offsets the token's previously fixed supply.
Live price & chart
Tokenomics
Issuer
uniswap labs is the principal issuing or sponsoring entity for UNI.
Chains
UNI is live on the following chains:
- Ethereum
- Arbitrum
- Base
- Optimism
- Polygon
- BSC
- Unichain
Recent news
- Loading recent UNI headlines from DeFi Intel news graph…
Comparison to peers
The closest peers of UNI in the DeFi DEX category by market-cap rank:
- Curve DAO (CRV) — rank #42; compare UNI vs CRV
Audit history
UNI smart contracts have been audited by recognised firms; the DeFi Intel /audits/ index lists the latest engagements. As with any DeFi asset, audits reduce but do not eliminate residual risk.
Risk factors
Key risk factors for UNI: smart-contract risk, oracle manipulation, and governance attack vectors. Sizing should reflect the principal's tolerance for these risks; the DeFi Intel research desk views UNI risk as commensurate with its category mean.
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