Buy Uniswap (UNI)
What is Uniswap?
Uniswap is a decentralised protocol that acts as an automated market maker for peer-to-peer cryptocurrency transactions. It enables users to provide liquidity and swap cryptocurrencies on the Ethereum blockchain.
How does Uniswap work?
Uniswap operates on the Ethereum blockchain, leveraging smart contracts to execute decentralised token swaps. It uses a constant product formula (x * y = k) to maintain the balance of liquidity in its pools and ensure seamless trading. The protocol charges a fee for every transaction, which is collected and distributed to liquidity providers.
What are the potential use cases for Uniswap?
Uniswap facilitates decentralised trading, enabling users to perform peer-to-peer transactions without intermediaries. It allows users to create and provide liquidity to pools, participate in governance through UNI token voting, and engage in algorithmic trading. Additionally, it's used by various DeFi platforms for decentralised trading and liquidity provision and has partnerships to bring DeFi liquidity to institutional investors.
What is the history of Uniswap?
Uniswap was founded by Hayden Adams in 2018. The first version (v1) was launched in November 2018. Uniswap v2 introduced new features in May 2020, followed by v3 in May 2021, which featured concentrated liquidity and multiple fee tiers. It surpassed $2 trillion in trading volume as of April 2024. The expiration of the Business Source License (BSL) for v3 in April 2023 allowed for the emergence of forks like Maia V3. Uniswap has since expanded its presence across multiple blockchains.
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Frequently Asked Questions (FAQs)
What is the current price of Uniswap (UNI)?
The Uniswap price is $21.64 AUD, representing a +2.85% from the day prior.
Where is the best place to buy Uniswap (UNI) in Australia?
The best place to buy Uniswap (UNI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Uniswap (UNI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Uniswap (UNI)?
The trading volume of Uniswap (UNI) is $746.8M AUD in the last 24hrs, representing a +2.85% from the day prior.
How can I buy Uniswap (UNI)?
Uniswap (UNI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Uniswap (UNI)?
The current market cap of Uniswap (UNI) is $12.9B AUD.
Can I convert Uniswap (UNI) to cash?
Yes - With Coinstash you can convert your Uniswap (UNI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Uniswap (UNI) are there?
The current circulating supply of Uniswap (UNI) is 600.5M.
Is Coinstash a safe place to buy Uniswap (UNI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Uniswap (UNI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.