How Many Uniswap (UNI) Coins Are There in Circulation?125

Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for a middleman. It is one of the most popular DEXs in the world, and its native token, UNI, is one of the most valuable cryptocurrencies on the market.

The total supply of UNI is 1 billion tokens. Of this amount, 60% (600 million tokens) was distributed to users of the Uniswap protocol during a liquidity mining event in September 2020. The remaining 40% (400 million tokens) is held by Uniswap Labs, the company that developed the protocol.

The circulating supply of UNI is the number of tokens that are currently available for trading. This number changes over time as new tokens are mined and old tokens are burned. As of July 2023, the circulating supply of UNI is approximately 635 million tokens.

The price of UNI has fluctuated significantly since it was launched in September 2020. The token reached its all-time high of $44.92 in May 2021, but it has since fallen to around $6.00 as of July 2023.

Despite the recent decline in price, UNI remains one of the most popular cryptocurrencies on the market. It is a key component of the Uniswap DEX, and it is likely to continue to be a valuable asset for investors in the years to come.

Factors Affecting the Supply of UNI

There are a number of factors that can affect the supply of UNI, including:* Liquidity mining: Uniswap distributes UNI tokens to users who provide liquidity to the protocol. This can increase the circulating supply of UNI.
* Token burns: Uniswap periodically burns a portion of its UNI tokens. This can decrease the circulating supply of UNI.
* New token issuance: Uniswap Labs can issue new UNI tokens to fund its operations. This can increase the total supply of UNI.

Conclusion

The supply of UNI is a dynamic factor that is constantly changing. The circulating supply of UNI is approximately 635 million tokens as of July 2023. The total supply of UNI is 1 billion tokens, and the remaining 40% (400 million tokens) is held by Uniswap Labs.

2024-12-01

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