Liquidity providers deposit funds into Uniswap and receive trading fees from traders (supply-side fees).

Uniswap is a non-custodial exchange protocol built on Ethereum. Uniswap was founded by Hayden Adams and launched in 2018.

UNI tokenholders own and govern the protocol. They do not currently take a cut of the total trading fees paid by traders (revenue). Uniswap's investors include Paradigm, a16z, USV, etc.

governance

github

twitter

discord

etherscan

website

Exchanges (DEX)

Uniswap

# Uniswap Maximum token supply Methodology

## 1. Overview

Maximum token supply is defined as the total number of assets that can ever exist under a project’s current asset economics. Assets that are circulating, locked, unvested, or reserved for future issuance are included in this metric. For Uniswap, the maximum supply of the UNI asset is established as a constant value of 1,000,000,000 assets. This constant value is initialized on the asset launch date of September 18, 2020, and is utilized to calculate the fully diluted valuation of the protocol.

## 2. Data sources

- **None**: This metric is set to a constant value and does not consume blockchain events

## 3. Step-by-step calculation

### Component A: Constant supply definition

- **Purpose**: Establish the maximum supply limit for the UNI asset
- **Logic**: A constant value of 1,000,000,000 is assigned as the maximum supply of the UNI asset. This value is initialized on the asset launch date of September 18, 2020.

### Component B: Forward propagation

- **Purpose**: Maintain a continuous daily time series
- **Logic**: The initial maximum supply value is propagated forward for all subsequent days. Daily data points are generated to ensure continuous coverage, and the schema is cast to the appropriate data types.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

UniswapUNI

Maximum token supply

Maximum token supply

Competitive landscape