Uniswap (UNI) live price dashboard

Uniswap is the decentralized exchange that made the automated market maker normal on Ethereum. Hayden Adams launched it in November 2018, and its governance token, UNI, arrived in September 2020 with an airdrop of 400 UNI to every address that had used the protocol. It now runs on Ethereum, a long list of layer-2s and Unichain, the rollup Uniswap Labs launched in February 2025.

UNI started with 1 billion tokens: 60% for the community, the rest for the team, investors and advisors, vested over four years. Since September 2024 the contract has allowed governance to mint up to 2% more per year. Nobody has used it.

For five years UNI was a governance token and nothing else. Liquidity providers earned the trading fees and holders earned nothing. That changed in December 2025, when the UNIfication proposal passed with 99.9% of votes. On December 28, 100 million UNI were burned from the treasury, protocol fees were switched on for v2 and a set of v3 pools on Ethereum, and the Uniswap Labs interface fee went to zero. The fees now collected are used to burn more UNI.

So the number to watch has moved. Raw volume matters less than how much of it runs through pools with the fee switched on. Uniswap v4, live since January 31, 2025, adds hooks, small contracts that let a pool run its own logic such as dynamic fees. Since July 2026 v4 pools pay the protocol fee too, so their volume now feeds the burn.

• How much the fee switch earns and how much UNI it burns.
• Uniswap's share of DEX volume on Ethereum, Base and Unichain.
• Whether pools built on v4 hooks attract real liquidity.

Through its sequencer fees. Since the UNIfication vote in December 2025, Unichain's sequencer fees, after L1 data costs and a 15% share for Optimism, go to burning UNI. Unichain, the rollup Uniswap Labs launched in February 2025, has its own row on the L2 scoreboard, and the Fees column there is growthepie's gross figure (CC BY 4.0), so read it as an upper bound on what reaches the burn.

• Official siteapp.uniswap.org
• Official documentationdevelopers.uniswap.org
• Wikipediaen.wikipedia.org

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