what's uniswap?
Uniswap is a leading decentralized exchange (DEX) protocol in the DeFi ecosystem that has processed over $2.5 trillion in all-time volume on Ethereum mainnet. The protocol operates across multiple versions including V3 and V4, with V4 being highlighted as a significant advancement. Uniswap features concentrated liquidity pools for capital efficiency and supports cross-chain functionality through its own blockchain called Unichain. The platform has a native token ($UNI) and is supported by the Uniswap Foundation, which focuses on advancing ecosystem growth and decentralization. Recent activities include participation in Korea Blockchain Week with community events, continued integration across multiple blockchain networks including Plasma and various Layer 2 solutions, and ongoing development of new features. The protocol maintains strong composability with other major DeFi protocols like Aave and Curve, and continues to be referenced as a benchmark for decentralized trading infrastructure.
Uniswap listed PIKZ, supports HuddlePad launches on Arbitrum, and holds $3-5B TVL.
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ethereum
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near-protocol
huobi-token
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binance-smart-chain
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Listed PIKZ token on January 13, 2026, providing a new trading pair for the AI-powered sports analytics platform.
CCA (Concentrated Capital Allocation) powers HuddlePad's native token launches on Arbitrum, enabling fair token launches directly on the network.
Has approximately $3–5 billion in TVL across Ethereum and its Layer 2 partners.
Listed as a spot trading asset on Lighter exchange.
Commentary suggests that any Optimism token buyback program should execute on Uniswap rather than OTC, stating that if Optimism cannot buy its own token on its own chain, it has failed as a DeFi-first chain.
Received mention in a top 10 projects list for 2025, with commentary that Aerodrome's success has prompted increased competitive awareness from Uniswap.
Launched V1 in 2019, marking growth of decentralized exchanges.
Has $78 million worth of UNI tokens remaining unclaimed in the original airdrop token distributor contract.
Galaxy Digital withdrew 292,000 UNI tokens (approximately $1.83M) from Binance and transferred 492,500 UNI tokens (approximately $3M) to Coinshares on 2026-01-06
Integrated into the Celo ecosystem alongside Aave and Velodrome as a major DeFi protocol.
Charges zero app fees on Uniswap Apps.
Fee collection system went live within the past few days and is currently operational.
Recorded 287 million transactions across all chains in 2025, making it the most-used app by transaction count.
A MON–USDC liquidity pool is available on Monad with an APY of 84.56%.
Generated approximately $40,000 in revenue on December 30, 2025, operating across 38 chains including its own chain.
Bitwise filed for a UNI ETF with regulatory authorities.
Announced a Growth Budget of 20 million UNI dedicated to supporting developers and ecosystem projects, separate from the burned tokens.
Included in a curated educational list of foundational DeFi protocols for beginners, highlighted for AMM, CLMM (v3), and v4 (Hooks) features.
earned net 1.03 ETH per day over the past month from transaction fees after subtracting Ethereum L1 costs and Optimism revenue share
Uses Brevis ZK to track v4 gas rebates with zero-knowledge proofs for trustless claiming.
Co-authored ERC-7683 with Across Protocol, with Hart Lambur speaking at ETHDenver 2026.
PIL rewards allocation toward Uniswap v4 increased BOLD/USDC pool liquidity concentration from 10% to 63%, reducing slippage on $2M swaps from 0.60% to 0.19%.
BOLD/USDC liquidity pool on Uniswap receives increased yield rewards paid in BOLD tokens from Liquity protocol revenue, allocated through LQTY staker votes.
Bunni (Uniswap v4-based) was hacked in September 2025, resulting in approximately $8.4M drained.
Reached new TVL records in 2025.
Paid $977,000 to Spearbit/Cantina for security audits on Uniswap V4 core and periphery repositories in 2024, with V4 experiencing zero security incidents following the audits.
Distributed $9,992,919 in grants in 2024 according to Uniswap Foundation filings.
Unichain active addresses grew by +9999% over the one-year period ending in 2025.
Strategically incentivizes pools where it has lost competition to other protocols, according to market commentary.
Released SDK update requiring upgrade to eip712 v0.3 with breaking API changes
Pays governance lead $540,000 annually
Received nomination for Crypto Project of the Year award.
Generated $700 million in protocol revenue during 2025.
Reached 232,308,687 unique addresses that have swapped on the protocol.
Has liquidity across Uniswap, Flaunch, and HydrexFi for the BETR token, with 200K in total liquidity.
Offers up to 73.71% APY on MUSD liquidity pools, with $9,500+ MUSD distributed weekly as incentives.
A new ZENT/stZENT liquidity pool went live on Uniswap on December 19, 2025.
Integrated with Soneium Score Season 05 as a participating protocol in the incentive program.
Integrated with Warden Protocol's bot for token swaps on EVM chains.
Mentioned alongside Aave in discussions about protocols independently improving their tokenomics without external governance mechanisms.
Binance removes UNI/FDUSD from cross-margin trading pairs effective December 23, 2025, at 09:00, while maintaining the pair for isolated margin trading.
Crypto VC a16z holds 64 million UNI tokens valued at $325 million as their main on-chain position, alongside 19.51 million OP tokens worth $5.71 million.
New yield opportunities for Uniswap pools launch Thursday with bonus incentive rewards distributed via Merkl.
UNI token reaches bear market all-time lows following announcement of fee switch implementation.
Ledger Wallet app now integrates Uniswap, allowing users to access and swap securely directly through the Ledger app.
Ripple's $1.3B stablecoin RLUSD expands to Unichain using Wormhole's NTT standard, becoming the first U.S.-based trust-regulated stablecoin on the chain with wXRP liquidity pairs.
Uniswap Foundation joins Andreessen Horowitz, DeFi Education Fund, and Digital Chamber in sending a letter to the SEC opposing Citadel Securities' attempt to extend SEC registration requirements to entities with connections to DeFi transactions, calling Citadel's stance "flawed."
Pendle Finance enables bridging of Principal Tokens to Unichain, with Solana integration coming soon.
Vitalik Buterin sold 1,400 UNI tokens worth $7.48K for USDC 5 hours ago.
Critics question the DAO + Labs structure, describing it as a 'governance circus with no real ownership' where the relationship no longer functions properly.
Fee switch and token burn proposal missed its early December timeline with no updates provided since the announcement approximately one month prior.
Permissioned Pools achieve $50B weekly volume milestone, flipping permissionless counterparts in stablecoin swaps for the first time.
The DAO converts into a legal entity structure using a DUNA (Decentralized Unincorporated Nonprofit Association) while maintaining Uniswap Labs with BORG features for accountability mechanisms.
cUSD Principal Tokens launch on Unichain.
Arrakis Pro now manages $IXS liquidity on Uniswap, bringing deep and efficient markets for the IXS Finance ecosystem on Ethereum.
New LP rewards launch and become available through the Uniswap Web App. (ID: 1999507913405046839)
Uniswap founder publicly calls for competitor Hyperliquid to open source its code.
Morpho integration enables borrowing against Pendle Finance PTs of $USDai and $CUSD as collateral, unlocking additional liquidity.
Pendle launches Principal Tokens on Unichain with USDai and CUSD available for trading and use as collateral. Aztec Network launches the first ICO on Uniswap platform.
The Uniswap Arbitrum Grant Program concludes after distributing over 1M ARB across six months to teams building in the Uniswap Arbitrum ecosystem with individual grants between 50K-250K ARB focused on liquidity, tooling, and integrations.
The UNIfication governance vote launches onchain later this month, addressing the fee switch for the protocol.
Aave's recent asset deprecations include UNI token, prompting migration of UNI strategies to alternative platforms like Dolomite on Arbitrum.
Recent regulatory testimony shows officials did not understand Uniswap's decentralized upgrade mechanism where each deployment is an entirely new codebase and admitted they did not hire developers to analyze the protocol despite employing thousands of lawyers for enforcement actions. References made to disappeared Gensler texts during preservation notice period and statements about "come in and register" being offered in good faith.
Elytro implements EIP-5792 support enabling one-click swaps on Uniswap without separate approval transactions. Spark uses Uniswap for market making with USDS to access $4.3B USDC liquidity as part of its Stablecoin-Liquidity-as-a-Service offering.
Uniswap drops 4 positions in DeFi TVL rankings from #7 in December 2024 to #11 in December 2025, classified as one of the biggest decliners among top-20 protocols according to DefiLlama data.
An institutional wallet withdraws 823,368 UNI ($4.72M) from Binance and Bybit over the past 5 hours at $5.7 price, accumulating after previously depositing 2.818M UNI to exchanges at $9.6 one month ago.
Uniswap liquidity pools on SagaEVM offer 122%-236% APR for stablecoin farming across MUST-D, MUST-USDC, and D-USDC pairs, powered by Steer Protocol with single-side deposits and rewards via Merkl.
A UNI App Campaign runs until December 17, rewarding the top 2,000 users who buy, deposit or transfer $50+ of UNI with $10 of ETH.
Orderflow Explorer analytics tool launches with Uniswap Foundation grant funding to trace the exact path of every DEX swap across Ethereum, Arbitrum, Base, and Unichain, enabling analysts to track trade origins, routing mechanisms, and liquidity sources.
Portfolio view feature goes live on the Web App, enabling users to view assets, LP positions, and onchain activity in one interface.
Velodrome's top pool on Unichain generates $15.72 in volume per $1 of liquidity in the last 24 hours, compared to $0.57 for competitors, demonstrating 27x greater efficiency.
Uniswap adds Revolut fiat onramp integration directly inside its app, expanding user access options for converting fiat to crypto.
A new token sale platform launches on Uniswap for hosting token offerings.
Citadel pushes SEC to classify open-source developers as unregistered stockbrokers, and Uniswap responds with pushback against this regulatory action.
Aztec Network completes the first CCA (Constant Competitive Auction) for the platform, generating $59 million in bids at a clearing price 59% above floor, with auction proceeds designated to seed a major Uniswap v4 secondary market liquidity pool.
Cumulative trading volume surpasses $4 trillion, marking a major platform milestone.
The same whale from the previous $13.9M DeFi purchase adds another $13.9M to their altcoin positions, including additional UNI tokens.
Ten hooks receive official approval on Uniswap, with fey among the approved projects.
A whale buys 74,217 UNI tokens worth $413K during market dip, part of a broader $13.9M purchase across 10 DeFi assets.
BOB Gateway SDK goes live with support for 1-click Bitcoin deposits into Uniswap on Unichain as one of 11 LayerZero-supported chains, enabling native BTC to flow into dapps.
A CCA implementation creates a Uniswap V4 pool with over $21M TVL at TGE, making it the third largest V4 pool in existence.
IBC interoperability goes live on Unichain via Toki Finance, enabling cross-chain asset transfers.
Citadel pushes SEC to regulate DeFi as exchanges and brokers, sparking opposition from Uniswap and industry groups who call the proposal unworkable.
Uniswap website experiences downtime according to recent reports.
The first CCA clearing implementation via Aztec Network reaches $58M in requests with clearing price 30% above floor price and $411M FDV.
Uniswap leads DEX activity on Monad blockchain with $60M in TVL, significantly ahead of PancakeSwap's $1.8M, as part of $1.6Bn cumulative DEX volumes across the network.
A whale accumulates 340,849 UNI tokens worth $2.05M during a market dip, part of a $35.7M purchase across 8 assets in the last 24 hours.
Uniswap partners with Revolut to make crypto purchases easier for users.
Citadel and Ken Griffin lobby SEC to treat decentralized protocol developers as centralized intermediaries. Founder Hayden Adams rejects the approach, defending DeFi's fair access model and highlighting conflicts of interest with traditional market makers.
Uniswap's ccm/cca feature prevents bots and whales from sniping token supply during launches through streamed allocations. Aztec Network implements this as the first project to use the mechanism.
The protocol plans to burn 15% of token supply in one transaction and implement programmatic buybacks within weeks, funded by fees from 11-figure monthly volume.
Active phishing campaign uses hijacked Twitter accounts to send fake cal.com/uniswap meeting links that redirect victims to malicious pages requesting full Twitter permissions, aiming to spread virally for potential token launch scams.
Builders explored Uniswap v4 volatile-pair and stable-asset hooks at ETHGlobal BA hackathon, creating AMM launchpads, prediction markets, and intents.
Uniswap partners with Revolut to enable millions of users to buy crypto instantly using cards, bank transfers, or Revolut balance. The platform reaches $4T in total volume, demonstrating the scale of permissionless markets.
AZTEC token sale secured $50M in commitments within the first day, with 4 more days remaining in the sale period.
AZTEC token launches with real-time price discovery on Uniswap following a community-owned Dutch auction, with 1.547B tokens at $ETH 98,483 floor FDV. $TCT token goes live on Uniswap.
A UNI App Campaign launches with rewards of $10 in ETH for users who buy, deposit, or transfer $50+ of UNI, with top 2,000 users ranked by UNI Net Gains winning through December 17.