Uniswap is a decentralized exchange (DEX) that allows users to swap Ethereum-based tokens without needing to go through a centralized exchange. It works by utilizing automated liquidity pools, which are smart contracts that hold two tokens in equal proportions. When a user wants to swap tokens on Uniswap, they simply deposit the tokens they want to swap into the liquidity pool. The liquidity pool then automatically calculates the best exchange rate and executes the swap.
**Uniswap price and performance**
As of today, Uniswap's price is $6.22. It has a 24-hour trading volume of $519.59M, market cap of $3.59B, and market dominance of 0.30%. The UNI price has increased 3.13% in the last 24 hours.
Uniswap reached its all-time high of $44.93 on May 3, 2021. Its all-time low was $1.766920 on Nov 5, 2020. The lowest price since its ATH was $3.38, and the highest price since the last cycle low was $9.74. The Uniswap price prediction sentiment is currently bullish, while the Fear & Greed Index is showing 56 (Greed).
Uniswap's current circulating supply is 577.50M UNI out of a max supply of 1.00B UNI. The current yearly supply inflation rate is -21.34%, meaning -156.63M UNI were created in the last year.
**Highlights**
* Uniswap is trading above the 200-day simple moving average.
* It has had 16 green days in the last 30 days (53%).
* It has high liquidity based on its market cap.
* It is traded on Binance and with Indian Rupee.
* Its yearly inflation rate is negative, -21.34%.
**Risk analysis**
* The price of Uniswap has dropped over the past year, down -15%.
* It has been outperformed by 54% of the top 100 crypto assets in 1 year.
* It has been outperformed by Bitcoin and Ethereum.
* It is down -86% from its all-time high.
Overall, Uniswap is a decentralized exchange with a number of advantages over centralized exchanges. It is a popular platform with a large user base and high liquidity. However, it is important to be aware of the risks involved before using Uniswap.
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