Uniswap UNI

What UNI actually is on-chain

Uniswap is an ERC-20 deployed on Ethereum, at contract address 0x1f9840a85d5af5bf1d1762f925bdaddc4201f984. That address, not the ticker UNI, is what uniquely identifies this asset: anyone can deploy a second token calling itself UNI, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, UNI is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in UNI itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker UNI: Uni (Sui, 0xaf9e…90cc::uni::UNI). The asset on this page is specifically the Ethereum deployment at 0x1f98…f984. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For UNI the project publishes a whitepaper, a public source repository and an active account as @Uniswap. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where UNI sits in the market

At #44, Uniswap sits in the middle of the large-cap band. This is the part of the table capital rotates through first: when the leaders stall, money moves down into names like UNI, and when risk comes off it leaves here before it leaves the top ten. Spot spreads stay tight through both legs of that cycle; derivative funding does not, and perp basis is usually the earlier signal.

CryptoPingAi is currently streaming 7 live UNI order books (Binance, Bitget, Gate.io, MEXC, HTX, Upbit…). That is coverage in line with a #44 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

UNI against its all-time high

UNI is 84.8% off its $44.92 high (on 2021-05-03). At this depth the arithmetic turns against a recovery narrative: getting back to the record takes 6.56x, not a rebound. The high is better read as the marker of a completed cycle than as a target — most of the holders above spot are underwater by enough that their behaviour on the way up is supply, not demand. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

UNI across its historical range

The recorded range runs 43.6x, from $1.03 to $44.92 — wide by the standards of traditional assets, moderate for this one's class.

UNI trades roughly 6.65x above its record low of $1.03 (on 2020-09-17). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

UNI supply structure

UNI is capped at 1.00 billion UNI, of which only 633.6 million is circulating — 63.4% issued, leaving 366.4 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset UNI is

Uniswap is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files UNI under 10 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming, Automated Market Maker (AMM). CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Avalanche (256 tracked tokens), Polygon (531 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Uniswap alert that is worth receiving

Uniswap is the ERC-20 at 0x1f98…f984 on Ethereum — quoted on 7 venues we stream — high dated 2021-05-03 — rank #44. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →