Uniswap

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.

Uniswap was launched in November 2018 as a proof of concept for automated market makers (AMMs). Hayden Adams is the inventor of the Uniswap Protocol and CEO at Uniswap Labs. 

Uniswap is a decentralized exchange (DEX) built on Ethereum that uses an automated market-making infrastructure to let traders, developers, and liquidity providers participate in a secure marketplace. 

AMMs allow for automatic and permissionless trading that removes the need for the traditional broker-dealer model that matches individual buy and sell orders. This system enables users to pool together assets that participants trade against. 

AMMs aim to solve the challenge of illiquidity previously faced by decentralized exchanges by creating liquidity pools and incentivizing liquidity providers to supply their assets into the system. 

Uniswap's maximum supply is 1 billion UNI. More than 627 million UNI are in circulation as of December 2021.

Uniswap is the leading DEX by volume, with a nearly 80% market share of weekly DEX volume as of Nov. 29. 2021, according to Dune Analytics. The nearest rival is Sushiswap with its 11% share. 

Despite the gap in trading volume, there is a long list of competitors in the DeFi space. Notable rivals to watch include Curve, Sushiswap, Pancakeswap, and more. 

Internet Computer (ICP) was also an underperformer, down 2% from Monday.

CoinDesk 20 Performance Update: Uniswap Drops 3.7% as All Index Constituents Decline

Cronos (CRO) was also a top performer, rising 2.5%.

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 19% Over the Weekend

Your look at what's coming in the week starting Dec. 22.

Uniswap vote, U.S. GDP: Crypto Week Ahead

The protocol's “UNIfication” proposal has already crossed quorum, with more than 69 million UNI tokens voting in favor and virtually no opposition as of Monday.

Uniswap token burn moves closer to reality as 99% voters favor ‘fee switch' proposal

UNI jumped after voting began on a proposal to activate Uniswap protocol fees, while broader crypto markets traded quietly.

Uniswap's UNI Jumps 19% as governance vote to activate protocol fees opens

Ethereum (ETH) joined Uniswap (UNI) as a top performer, gaining 3.8% from Wednesday.

CoinDesk 20 Performance Update: Uniswap Surges 8.4% as All Index Constituents Rise

The proposal would also execute an immediate burn of 100 million UNI from the treasury, worth over $500 million at current rates.

Uniswap vote could soon tie UNI token value to its multibillion-dollar trading engine

The proposal would activate protocol fee switches, burn 100 million UNI, and formally align Uniswap Labs with governance.

‘Vote before Christmas or end up on Santa's naughty list': Uniswap founder submits UNIfication proposal for final governance decision

Aave (AAVE) was also among the underperformers, declining 1.2% from Monday.

CoinDesk 20 Performance Update: Uniswap (UNI) Falls 1.6% as Index Trades Lower

The incoming policy chief arrives as the crypto industry seeks to influence the market structure bill in Congress, including its heavy DeFi implications.

Uniswap's Lindsay Fraser to Run Policy Shop at Blockchain Association

Citadel Securities is pushing the SEC to apply full exchange and broker-dealer requirements to DeFi protocols, rejecting calls for lighter rules for tokenized trading platforms. Regulators Face Pressure To Treat DeFi As Traditional Market Intermediaries Citadel told the SEC that DeFi platforms involved in trading tokenized U.S. equities should not receive broad exemptions from federal exchange definitions.

Citadel Wants DeFi Regulated Like Wall Street, But Uniswap Founder Isn't Having Any Of It

Ethereum

Crypto's next era is accelerating as powerhouse networks move to radically boost value capture, igniting surging bullish sentiment across ETH, UNI, and XRP with redesigned economics poised to reshape investor expectations. Value Capture Momentum Builds Across Major Tokens Bullish expectations are rising as investors reassess how major crypto networks may rebuild their economic structures.

Bitwise CIO Spotlights XRP, ETH, UNI With Designs Getting Better at Value Capture

Uniswap has generated over $985 million in fees year-to-date, averaging close to $93 million per month from January to October.

Uniswap weighs protocol burns as its 2025 fee haul approaches $1 billion

Uniswap has unveiled its Continuous Clearing Auction protocol for onchain token auctions with automatic liquidity seeding and optional ZK-based privacy.

Uniswap launches ‘Continuous Clearing Auctions' to improve token price discovery and liquidity in DeFi

Uniswap's 'UNIfication' proposal by Uniswap Labs and Uniswap Foundation seems to be a game changer, as it could finally turn its massive but untapped trading volume into real value for UNI token holders.

What Uniswap's Latest Proposal Really Means for UNI Token Buyers

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

CoinDesk 20 Performance Update: Uniswap (UNI) Jumps 13.5% as Index Declines

Uniswap founder and CEO Hayden Adams unveiled the “UNIfication Proposal,” a sweeping governance initiative aimed at turning on protocol fees, burning UNI, and aligning incentives across the decentralized exchange's (DEX) growing ecosystem. Uniswap Moves Toward Unified Governance Uniswap is setting the stage for its next evolution.

New Uniswap Proposal Outlines Fee Activation, UNI Burns, and Governance Overhaul

Uniswap's token spike follows the protocol's unveiling of a sweeping overhaul, including fee activation and a perpetual token burn to boost liquidity.

Uniswap Token Soars Amid Fee Switch Proposal to ‘Align Incentives'

Uniswap founder Hayden Adams and key Uniswap Foundation leaders proposed a plan to burn UNI tokens and merge the organizations.

UNI token soars 30% as Uniswap Labs and Foundation propose fee switch activation

Uniswap Labs and Uniswap Foundation, two of the main firms that help steer the Uniswap protocol, are joining forces to propose a new sweeping governance proposal that would completely change the way the ecosystem works today.

Uniswap Proposes Sweeping ‘UNIfication' With UNI Burn and Protocol Fee Overhaul

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6% as Nearly All Assets Rise

You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.

CoinDesk 20 Performance Update: Uniswap (UNI) Drops 7% as All Constituents Decline

Solana

The Uniswap web application—the interface for the world's leading decentralized exchange—announced support for the Solana blockchain.

Uniswap Web App Integrates Solana, Boosting Multi-Chain DeFi Interoperability

This could simplify the user experience, removing the need to use complex bridges or switch between different wallets and applications

Ethereum-Based Uniswap Adds Solana Support in Win for Tackling DeFi Fragmentation

This aims to address fragmentation in DeFi especially between Solana and Ethereum ecosystems, Uniswap noted.

News for Uniswap Crypto (UNI)