Uniswap
UNI#19UNI is the governance token of Uniswap, the largest decentralised exchange protocol.
- Market cap
- $5.79B
- Volume 24h
- $670.68M
- All-time high
- —
- Circulating supply
- 625.24M
Passes our 8 Shariah criteria. Needs caution: benefit and harm (maslahah).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Strong
Uniswap is a leading on-chain exchange with heavy volume, and since December 2025 its protocol fees burn UNI, though governance can still mint up to 2% a year and funds Uniswap Labs in UNI.
Reviewed every 3 months and on major eventsNews: Positive
Uniswap news was positive: CME plans UNI futures, Uniswap launched on Circle’s Arc chain and Uniswap Labs released its StablePair dynamic-fee hook.
Reviewed monthly and when something material happens- PositiveCME plans to launch Uniswap (UNI) futures on 19 OctoberRegulated futures on a major US exchange, pending regulatory review, would widen institutional access to UNI.
- PositiveUniswap goes live on Arc, Circle’s Layer 1 for stablecoin financeSupport across the protocol, web app, wallet and API puts Uniswap on a new chain built for stablecoin flows.
- PositiveUniswap Labs releases StablePair Hook, a dynamic-fee hook for v4The first upgradeable dynamic-fee hook from Uniswap Labs recomputes the fee on every swap to give liquidity providers a larger share of the value they create.
- PositiveGovernance activates protocol fees on Uniswap v4 pools across seven chainsProposal 100 extends the fee switch from v2 and v3 to v4 pools on Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism and Robinhood Chain, so more trading volume now feeds the UNI burn.
- PositiveUNIfication executes on-chain: protocol fees switch on and 100 million UNI are burnedAfter years as a governance-only token, UNI gained a value link to protocol activity: a share of trading fees now burns UNI. The vote passed with over 125 million tokens in favour and 742 against.
- PositiveSEC closes its investigation into Uniswap Labs with no enforcement actionThe April 2024 Wells notice had alleged an unregistered exchange and broker and that UNI was an unregistered security. Closing the case removed the main US legal threat to the protocol and its token.
- PositiveUniswap v4 launches on ten chains with customisable hooksThe new version cut pool creation costs sharply and let developers add custom logic to pools; it went live after nine audits and a $15.5 million bug bounty, and is the base for later products and v4 fees.
Price & market
Uniswap trades inside its current zone of $8.76–9.26, after a 72.3% rise over the month that put the price near the top of its yearly range. Heavy real trading volume, an audited codebase and protocol fees that now burn the token support the long-term view. At this price the upside to $9.73 (+8%) is far smaller than the downside to $6.17 (−31.5%), a ratio of 0.3, so the near-term picture calls for caution over the next 2–12 weeks. The price is stretched far above its moving averages and volatility is very high. The $7.18–7.68 interest zone would give a much better balance.
- Review level
- $6.17
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 5 days to go.
Where it trades
Section in preparation
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