What Is Uniswap (UNI), and Should You Buy It? – The Motley Fool

What Is Uniswap (UNI), and Should You Buy It? – The Motley Fool

Uniswap is the governance token for the Uniswap decentralized cryptocurrency exchange. To understand how it works and whether the token is worth buying, we first need to understand decentralized exchanges or DEXs.

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Uniswap basics

  • What it does: UNI is the token for the Ethereum-based decentralized exchange called Uniswap. It’s a governance token, so owners can participate in decisions on how the platform is run.
  • Management team: Uniswap was founded by Hayden Adams, a former engineer at Siemens.
  • Date launched: The exchange began trading in 2018 and Uniswap launched its token in September 2020.
  • Market cap: $11.3 billion (CoinMarketCap, July 2021).
  • Availability: Most major U.S. cryptocurrency exchanges.

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