Uniswap V3 dApp: Expert Insights & Technical Analysis

#8 In General #3 In Exchanges #2 In Polygon

Uniswap V3 (UNI) dApp Exchanges

Uniswap V3 (UNI)
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 (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 #8 in general dApp rankings according to the user count, and #3 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 bearish with $29,733,971. Uniswap V3 has generated 208.21K Transactions with a 15.03% rise in the 30-day period. Clearly, the Volume has been plummeting by 42.45% in comparison to the previous 7-day period. The data of the last 7 days show that the Uniswap V3 user base is 73.4K & has been decreasing by 6.31%.

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>\nTokens are deposited into the pools by 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>\nUsers 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>\nUniswap 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>\nThe 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’s removal of user identity constraints.<\/p>\n<h2>The Founders of Uniswap<\/h2>\nThe concept for Uniswap originated with <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. Hayden Adams<\/strong> started working on developing this concept into a usable product a year after this proposal.<\/p>\nVitalik 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 Unipeg.<\/strong> However, Buterin suggested using a different name and, eventually, it was decided to name the project Uniswap.<\/p>\n<h2>The UNI Token<\/h2>\nUNI is<\/strong> the governance token<\/strong> of Uniswap.<\/strong> It was released in September 2020 via a retroactive <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>\nUniswap 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>\nUniswap 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>\nAny person who holds UNI tokens has the right to submit a proposal.<\/strong> However, there are three stages that have to be accomplished in order to implement the proposal. These stages include:<\/p>\n<ul>\n<li>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>\n<li>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>\n<li>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>\n<\/ul>\nSince 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//crypto//goon//ledger-nano-s/" target=\"_blank\" rel=\"nofollow noindex noopener\">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>\nLiquidity 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>\nThough 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>\n<h2>The Tokenomics of UNI<\/h2>\nThe 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, a 2% annual inflation rate will start to take effect. <\/strong>This means that, unlike Bitcoin, 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>\nThe 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 <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-vesting-period/">vesting period<\/a>.<\/strong><\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/uniswap-uni-price"},"nft_collection":null,"dapp_category":{"id":4,"type":null,"is_top":1,"icon":"assets\/icons\/exchanges-dapps-icon.png","order":3,"created_at":"2024-03-07T09:12:42.000000Z","updated_at":"2024-03-07T09:12:42.000000Z","slug":"exchanges","name":"Exchanges","title":"Explore Top :protocol Exchange dApps","subtitle":"Analyze the top :protocol exchange dApps, find the highest-potential options, and be ahead of the game!","show_all_text":"Show All Exchanges","meta_title":"Explore the Top :protocol Exchange dApps Today!","meta_description":"Access the top :protocol exchange dApps and track them in your Crypto Portfolio. Set events, make the right decisions in no time!","faq":{"questions":["Why track the top :protocol exchange dApps?","What top :protocol exchange dApp metrics does the Crypto Tracker tool track?"],"answers":["The Crypto Tracker tool allows you to track multiple different metrics of the top :protocol exchange dApps. All of these metrics in question can help you understand the dApps in question much better, and also provide you with information on which exchanges are worth paying attention to, and checking out.","The Crypto Tracker tool allows you to check the user counts, volume, and balance of the top :protocol exchange dApps. On top of that, you can also find information on the protocol on which these dApps are based, the activity associated with them, token market caps and prices, total value locked, and more."]}},"defi_dapp":null,"latest_dapp_balance_stat":{"id":8005745,"dapp_id":6084,"balance":7.11032828e-10,"token_balance":0,"protocol":"Polygon","date":"2024-04-30T00:00:00.000000Z","balance_in_usd":7.11032828e-10,"total_balance":7.11032828e-10}}">

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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 #8 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 $938,839. This is a 52.76% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by -42.45%. Lastly, if you were to look at the 30-day period, the change is around -2.5%.

What is a dApp?

A dApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled by tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no single entity has control over the network. Also, dApps are transparent as data is kept public and smart contracts are open-sourced. This is true no matter if the dApp is a crypto wallet, an exchange platform, or else.

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 the logic of smart contracts. This means that no individual, no matter how powerful, can control the dApp after its smart contract is 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, the Internet of Things, elections & 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's approach makes dApp & other Web3-related information well-accessible and easily understandable for everyone globally.

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Uniswap V3 dApp

Uniswap V3 (UNI) dApp Exchanges