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Top dApps Polygon Exchanges Uniswap V3
#15 In General #4 In Exchanges #3 In Polygon

Uniswap V3 (UNI) Polygon Protocol dApp Exchanges

Uniswap V3 (UNI) Polygon Protocol
dApp Exchanges

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Uniswap V3 is a system for trading and automatic liquidity reserves. Individual liquidity providers have precise control over the price ranges to which their funds is distributed. Users compete against several cost tiers in a single pool of individual spots. LPs can offer liquidity with capital efficiency of up to 4000x. Capital efficiency enables low-slippage transaction executing that outperforms both CEXs and AMMs focused on stablecoins.

Uniswap V3 Social Profiles:

Uniswap V3 Social Profiles:

Uniswap V3 (UNI) dApp Analysis

Get the most important Uniswap V3 dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!

Uniswap V3 Smart Contract Statistics

Uniswap V3 dApp Technical Analysis

Uniswap V3 dApp is a crypto asset from the Exchanges category built on the Polygon protocol. Now it’s ranked as #15 in general dApp rankings according to the user count, and #4 in the Exchanges category, which gives you a good idea of how Uniswap V3 dApp performs among its competitors.

By analyzing Uniswap V3 dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $0, and the Volume is bullish with $45,157,833. Uniswap V3 has generated 202.05K Transactions with a 15.03% drop in the 30-day period. Clearly, the Volume has been plummeting by 76.73% in comparison to the previous 7-day period. The data of the last 7 days show that the Uniswap V3 user base is 50.41K & has been decreasing by 7.97%.

We also recommend taking a look at the Uniswap V3 Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.

Automated Market Maker (AMM)<\/strong><\/a>, it operates via smart contracts to build liquidity pools for ERC-20 tokens and execute the algorithm without utilizing an Order Book.<\/p>\r\n<p>Tokens are deposited into the pools by <strong>liquidity providers (LPs).<\/strong> The liquidity provided by LPs sets the UNI price quote to traders without the assistance of any professional market makers. If you want to see the current UNI price, make sure to take a look at the Uniswap price chart above.<\/p>\r\n<p>Users who contribute to Uniswap liquidity pools receive pool tokens. Each token represents a small portion of the liquidity pool, which also includes a 0.3% trading fee. The token can be traded or sold. Besides that, it can also be utilized in other dApps. However, these tokens are burned as soon as their owners draw their funds out of the pool.<\/p>\r\n<p>Uniswap seeks to increase trading efficiency while keeping token trading automated and entirely accessible to anyone. Various automated techniques (used for addressing liquidity difficulties) help Uniswap reach its goal. Besides that, it manages to avoid issues that beset decentralized exchanges in the past.<\/p>\r\n<p><strong>The protocol incentivizes participation by limiting risks and cutting costs for all parties.<\/strong> This is accomplished by using the automation of the market-making process. Besides, a liquidity pool for any pair of tokens can be created by anyone, thanks to the AMM&rsquo;s removal of user identity constraints.<\/p>\r\n<h2>The Founders of Uniswap<\/h2>\r\n<p>The concept for Uniswap originated with <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin's<\/a><\/strong> 2016 proposal for a decentralized exchange (DEX) that would use an on-chain automated market maker with certain specialties. <strong>Hayden Adams<\/strong> started working on developing this concept into a usable product a year after this proposal.<\/p>\r\n<p>Vitalik Buterin, the creator of Ethereum, assisted Adams in the creation process of Uniswap. Hayden Adams is also a developer at Ethereum. Initially, it was anticipated that the Uniswap crypto project would go by the name <strong>Unipeg.<\/strong> However, Buterin suggested using a different name and, eventually, it was decided to name the project Uniswap.<\/p>\r\n<h2>The UNI Token<\/h2>\r\n<p><strong>UNI is<\/strong> <strong>the governance token<\/strong> <strong>of Uniswap.<\/strong> It was released in September 2020 via a retroactive <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-airdrop/">airdrop. 400 UNI tokens were given to every user who had utilized Uniswap to trade tokens or offer liquidity before the token was released. This way, around 150 million tokens were distributed, with each chunk of 400 tokens being worth $1,200.<\/p>\r\n<p>Uniswap tokens allow holders to take part in fair and trustworthy governance of the Uniswap protocol and the whole ecosystem. They can participate in the decision-making processes considering Uniswap Treasury, governance, and roadmap.<\/p>\r\n<p><strong>Uniswap claims that the UNI token was developed in order to formally establish Uniswap as a publicly<\/strong>-owned and self-sustaining infrastructure, while also carefully preserving its invulnerability and autonomy.<\/p>\r\n<p>Any person who holds UNI tokens has the right to <strong>submit a proposal.<\/strong> However, there are three stages that have to be accomplished in order to implement the proposal. These stages include:<\/p>\r\n<ul>\r\n<li><strong>Temperature Check.<\/strong> Proposing the potential change and adding a link to the associated Snapshot poll. The proposer has to get 25,000 votes in favor in 2 days to be eligible for the second stage.<\/li>\r\n<li><strong>Consensus Check.<\/strong> Creating a new Snapshot pool after making some changes based on the Temperature Check stage. To pass this stage, at least 50,000 votes in favor have to be gathered.<\/li>\r\n<li><strong>Governance Proposal.<\/strong> Writing the code for the proposal. The code is voted on through the Governance Portal. Though, for this stage, you have to make sure to have at least 2.5 million UNI coins. The proposal has to undergo a seven-day voting period.<\/li>\r\n<\/ul>\r\n<p>Since UNI is an ERC-20 token, it can be stored in any wallet that is compatible with Ethereum-based tokens. Wallets that can store UNI tokens include <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//ledger-nano-s/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Ledger Nano S<\/strong><\/a>, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//metamask-wallet-review/">MetaMask, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//binance-wallet-review/">Binance Wallet<\/strong><\/a>, and so on.<\/p>\r\n<p><strong>Liquidity mining used to be a way to get free UNI tokens. <\/strong>However, this opportunity was only available for a short period of time, and it ended in November 2020. Thus, any online airdrop that is advertised would almost certainly be a scam, because there are currently no known methods of receiving free UNI tokens. You can only purchase them in various crypto exchanges.<\/p>\r\n<p>Though be sure to analyze the Uniswap price chart above before making a purchase. Remember that the UNI price, just like the prices of the majority of crypto tokens, is prone to change. This occurs because the same internal or external factors that affect the entire crypto market also have an impact on the value of Uniswap tokens.<\/p>\r\n<h2>The Tokenomics of UNI<\/h2>\r\n<p>The max supply of UNI is 1 billion tokens. It is anticipated that the circulating supply will reach the max supply by 2024, at which point, <strong>a 2% annual inflation rate will start to take effect. <\/strong>This means that, unlike Bitcoin, <strong>UNI is not a scarce asset.<\/strong> As a result, the UNI price may drop if its demand does not rise to match the supply.<\/p>\r\n<p>The majority of UNI coins (60%) are distributed among Uniswap community members. The remaining portion is distributed among team members, investors, and advisors. However, the payouts for members, investors, and advisors will be made throughout the course of a four-year <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-vesting-period/">vesting period<\/a>.<\/strong><\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/uniswap-uni-price"},"defi_dapp_stats":[],"defi_dapp":null,"nft_collection":null}">
Automated Market Maker (AMM)<\/strong><\/a>, it operates via smart contracts to build liquidity pools for ERC-20 tokens and execute the algorithm without utilizing an Order Book.<\/p>\r\n<p>Tokens are deposited into the pools by <strong>liquidity providers (LPs).<\/strong> The liquidity provided by LPs sets the UNI price quote to traders without the assistance of any professional market makers. If you want to see the current UNI price, make sure to take a look at the Uniswap price chart above.<\/p>\r\n<p>Users who contribute to Uniswap liquidity pools receive pool tokens. Each token represents a small portion of the liquidity pool, which also includes a 0.3% trading fee. The token can be traded or sold. Besides that, it can also be utilized in other dApps. However, these tokens are burned as soon as their owners draw their funds out of the pool.<\/p>\r\n<p>Uniswap seeks to increase trading efficiency while keeping token trading automated and entirely accessible to anyone. Various automated techniques (used for addressing liquidity difficulties) help Uniswap reach its goal. Besides that, it manages to avoid issues that beset decentralized exchanges in the past.<\/p>\r\n<p><strong>The protocol incentivizes participation by limiting risks and cutting costs for all parties.<\/strong> This is accomplished by using the automation of the market-making process. Besides, a liquidity pool for any pair of tokens can be created by anyone, thanks to the AMM&rsquo;s removal of user identity constraints.<\/p>\r\n<h2>The Founders of Uniswap<\/h2>\r\n<p>The concept for Uniswap originated with <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//who-is-vitalik-buterin/">Vitalik Buterin's<\/a><\/strong> 2016 proposal for a decentralized exchange (DEX) that would use an on-chain automated market maker with certain specialties. <strong>Hayden Adams<\/strong> started working on developing this concept into a usable product a year after this proposal.<\/p>\r\n<p>Vitalik Buterin, the creator of Ethereum, assisted Adams in the creation process of Uniswap. Hayden Adams is also a developer at Ethereum. Initially, it was anticipated that the Uniswap crypto project would go by the name <strong>Unipeg.<\/strong> However, Buterin suggested using a different name and, eventually, it was decided to name the project Uniswap.<\/p>\r\n<h2>The UNI Token<\/h2>\r\n<p><strong>UNI is<\/strong> <strong>the governance token<\/strong> <strong>of Uniswap.<\/strong> It was released in September 2020 via a retroactive <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-airdrop/">airdrop. 400 UNI tokens were given to every user who had utilized Uniswap to trade tokens or offer liquidity before the token was released. This way, around 150 million tokens were distributed, with each chunk of 400 tokens being worth $1,200.<\/p>\r\n<p>Uniswap tokens allow holders to take part in fair and trustworthy governance of the Uniswap protocol and the whole ecosystem. They can participate in the decision-making processes considering Uniswap Treasury, governance, and roadmap.<\/p>\r\n<p><strong>Uniswap claims that the UNI token was developed in order to formally establish Uniswap as a publicly<\/strong>-owned and self-sustaining infrastructure, while also carefully preserving its invulnerability and autonomy.<\/p>\r\n<p>Any person who holds UNI tokens has the right to <strong>submit a proposal.<\/strong> However, there are three stages that have to be accomplished in order to implement the proposal. These stages include:<\/p>\r\n<ul>\r\n<li><strong>Temperature Check.<\/strong> Proposing the potential change and adding a link to the associated Snapshot poll. The proposer has to get 25,000 votes in favor in 2 days to be eligible for the second stage.<\/li>\r\n<li><strong>Consensus Check.<\/strong> Creating a new Snapshot pool after making some changes based on the Temperature Check stage. To pass this stage, at least 50,000 votes in favor have to be gathered.<\/li>\r\n<li><strong>Governance Proposal.<\/strong> Writing the code for the proposal. The code is voted on through the Governance Portal. Though, for this stage, you have to make sure to have at least 2.5 million UNI coins. The proposal has to undergo a seven-day voting period.<\/li>\r\n<\/ul>\r\n<p>Since UNI is an ERC-20 token, it can be stored in any wallet that is compatible with Ethereum-based tokens. Wallets that can store UNI tokens include <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//ledger-nano-s/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Ledger Nano S<\/strong><\/a>, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//metamask-wallet-review/">MetaMask, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//binance-wallet-review/">Binance Wallet<\/strong><\/a>, and so on.<\/p>\r\n<p><strong>Liquidity mining used to be a way to get free UNI tokens. <\/strong>However, this opportunity was only available for a short period of time, and it ended in November 2020. Thus, any online airdrop that is advertised would almost certainly be a scam, because there are currently no known methods of receiving free UNI tokens. You can only purchase them in various crypto exchanges.<\/p>\r\n<p>Though be sure to analyze the Uniswap price chart above before making a purchase. Remember that the UNI price, just like the prices of the majority of crypto tokens, is prone to change. This occurs because the same internal or external factors that affect the entire crypto market also have an impact on the value of Uniswap tokens.<\/p>\r\n<h2>The Tokenomics of UNI<\/h2>\r\n<p>The max supply of UNI is 1 billion tokens. It is anticipated that the circulating supply will reach the max supply by 2024, at which point, <strong>a 2% annual inflation rate will start to take effect. <\/strong>This means that, unlike Bitcoin, <strong>UNI is not a scarce asset.<\/strong> As a result, the UNI price may drop if its demand does not rise to match the supply.<\/p>\r\n<p>The majority of UNI coins (60%) are distributed among Uniswap community members. The remaining portion is distributed among team members, investors, and advisors. However, the payouts for members, investors, and advisors will be made throughout the course of a four-year <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-vesting-period/">vesting period<\/a>.<\/strong><\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/uniswap-uni-price"},"defi_dapp_stats":[],"defi_dapp":null,"nft_collection":null}">

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FAQ

What sort of information can I get about Uniswap V3 with the BDG Crypto Portfolio Tracker tool?

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to Uniswap V3, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you’ll learn that Polygon-powered Uniswap V3 is ranked as the #15 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.

How should I know if the Uniswap V3 dApp is worth tracking?

The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how Uniswap V3 compares with other dApps, as well. Depending if the results satisfy you or not, you’ll have a much better idea of whether or not Uniswap V3 is worth tracking!

How has the Uniswap V3 volume changed over time?

In the last 24 hours, Uniswap V3 had a volume of $660,887. This is a 1.9% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by -76.73%. Lastly, if you were to look at the 30-day period, the change is around 61.79%.

What is a dApp?

DApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled with tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no one has control over the network and operate on their own. Also, dApps are transparent as data is kept public and smart contracts are open-sourced.

What are the main benefits of dApps?

The main benefit of dApps is that they’re completely free from the control of any single authority and operate by logic of smart-contracts. This means that no individual, no matter how powerful, cannot control the dApp after its smart contract was launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. DApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.

Where can dApps be applied?

DApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, Internet of Things, elections and voting, and so much more. The utilization of dApps is almost limitless, and their number continues to grow every day, so it’s unclear what more the future will bring. BitDegree approach makes dApp & other blockchain-related information well accessible and easily understandable for everyone globally.

Total value of current assets in the dApp’s smart contracts.

Amount of unique crypto wallet addresses that are interacting with the dApp.

Total amount of purchasing actions made to the dApp’s smart contracts.

Amount of incoming value to dApp’s smart contracts from trades taking place.

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Value of the dApp’s token in a certain period.

Total dollar value of all the coins circulating on the market.

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Total amount of assets that are currently staked in a specific protocol.

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Market Cap & Current TVL ratio that shows dApp’s liquidity.

Total amount of unique transactions made in a certain NFT collection.

Amount of unique crypto wallet addresses that are interacting with the NFT.

Amount of incoming value to NFT’s smart contracts from transactions taking place.

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Current rank of Uniswap V3 is #15

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