Uniswap Price UNI

#45

$3.48

-2.35%

Buy Now

Price Information

1 Year Change

-61.91%

All Time High

$45.01 -92.28%

Volume 24h

0.1 B $ -44.85%

Market Cap

2.1 B $ -2.35%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Uniswap

UNI Price Pulse: What’s Moving It?

Uniswap (UNI), currently priced at $3.52, has experienced a 1.38% decline over the past 24 hours with a market capitalization standing strong at approximately $2.11 billion. Several factors influence UNI’s price movements, both intrinsic and external. Key drivers include shifts in the decentralized finance (DeFi) sector, trading volume on the Uniswap platform, broader cryptocurrency market sentiment, and overall regulatory developments impacting decentralized exchanges.

As a leading decentralized exchange protocol, Uniswap’s price often reflects trends in DeFi adoption rates and investor confidence in decentralized autonomous organizations. Market-wide dips or rallies in cryptocurrencies like Ethereum (which powers Uniswap transactions) directly impact UNI’s valuation. Additionally, news about upgrades to the Uniswap protocol or increased liquidity offerings can spark sudden price changes either up or down.

UNI Price Catalysts: Bull Case & Bear Case

On the bullish side, Uniswap stands to benefit from growing interest in DeFi applications and increasing adoption of decentralized exchanges. Ongoing improvements in the protocol, such as scaling solutions and enhanced user experience, could attract more traders and liquidity providers, driving UNI demand higher. Furthermore, partnerships and integrations within the broader blockchain ecosystem may create new use cases for the token, bolstering its value.

Conversely, the bear case for UNI involves potential regulatory crackdowns on decentralized exchanges, which could restrict trading and reduce liquidity. Moreover, intense competition from other decentralized or centralized exchanges could siphon off users. A sustained downturn in the broader crypto market, particularly affecting Ethereum transaction fees or network congestion, may also negatively impact Uniswap usage, putting downward pressure on UNI’s price.

Frequently asked questions

Why is Uniswap going down right now?

Uniswap’s price decline can be attributed to broader market volatility affecting cryptocurrencies, including regulatory concerns, reduced trading activity, or a temporary drop in DeFi sector enthusiasm. External factors like Ethereum network congestion and overall investor sentiment also play a role.

What is Uniswap used for?

Uniswap is a decentralized exchange that allows users to trade cryptocurrencies directly from their wallets. UNI is its governance token, allowing holders to vote on protocol changes and improvements.

Is Uniswap a good long-term investment?

As with any investment, it depends on your risk tolerance and belief in the future of DeFi. Uniswap has a strong position in decentralized trading, but market conditions and competition should be carefully considered.

How does Uniswap’s market cap compare to other DeFi tokens?

With a market cap of around $2.11 billion, Uniswap remains one of the top DeFi tokens, reflecting its prominent role and widespread usage in the DeFi ecosystem.

Can changes in Ethereum affect UNI’s price?

Yes, since Uniswap operates on the Ethereum network, changes in Ethereum’s price, network performance, or gas fees can indirectly impact UNI’s trading volumes and value.

Where can I buy or trade UNI?

UNI tokens are available on Uniswap itself as well as on many centralized cryptocurrency exchanges such as Binance, Coinbase, and Kraken.

Popular Uniswap Exchanges

View All

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

KuCoin is one of the world's top ten largest cryptocurrency exchanges, allowing you to buy, sell, and trade 700+ crypto assets.

Figure Markets is a new crypto trading platform where users fully control their own funds, with low trading fees and up to 8% interest on stablecoins.

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

Rating:

4.9

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.8

Reviews:

Wirex is a digital payments platform that bridges crypto and traditional finance, letting users buy, hold, and spend both fiat and digital currencies with a single card.

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews: