Uniswap (UNI) Exchange

UNI is the governance token of Uniswap, and since the December 2025 UNIfication proposal it also accrues value: protocol fees buy UNI on the open market and burn it. Before that vote it was governance-only with no direct link to fees.

It is the proposal the Uniswap DAO passed in December 2025 with 125.34 million votes in favor. It activated the fee switch, created an automated buy-and-burn mechanism, and burned 100 million UNI from the treasury.

Protocol fees from V2 and V3 pools (V4 pools are subject to a separate governance vote) flow into TokenJar. The accumulated fees are used to buy UNI on the open market, and the purchased tokens are burned permanently through Firepit.

Unichain is Uniswap's Optimism-based Layer 2, launched in 2025. Its net sequencer fees, after L1 data costs and a 15% share to Optimism, go into the UNI burn mechanism.

Traders bid for short windows of fee exemption, and winning bids are burned as UNI.

Not automatically. The maximum supply is 1 billion UNI and the treasury burn removed 100 million, but 20 million UNI per year is allocated to ecosystem growth. UNI becomes structurally deflationary only if the burn rate exceeds that issuance.

Hooks are customizable smart contract logic that developers embed directly into liquidity pools. They enable dynamic fees, impermanent loss hedging, MEV protection, and KYC-gated institutional pools.

BlackRock's tokenized US Treasury fund BUIDL, issued with Securitize, became tradable through UniswapX on 11 February 2026, for qualified, whitelisted institutional investors only. Robinhood Chain launched on mainnet on 1 July 2026, and Uniswap deployed an automated market maker there as its main public liquidity layer. Neither is a forecast of demand for UNI.

UNI was introduced on September 16, 2020 through a retroactive airdrop to users who had already interacted with the Uniswap protocol.

UNI is an ERC-20 token on Ethereum and is also available on several L2 networks. Send on the network the swap offer states; the same 0x address format is used on several networks, so a wrong-network transfer is easy to make and hard to recover.

Open swapzone.io/exchange/uniswap, enter the amount, and compare offers. Paste your receiving address, send UNI to the generated deposit address on the stated network, and track the order. No MEMO is needed.

Uniswap is a decentralized exchange (DEX) protocol built on Ethereum that allows users to swap ERC-20 tokens directly from their own wallets using automated market maker (AMM) liquidity pools. It is not a centralized exchange and does not hold user funds or require account registration. UNI is Uniswap's governance token: it gives holders voting rights over protocol parameters but is not required to use the DEX. Swapzone is a separate non-custodial aggregator that compares instant swap offers from multiple partners including services that may route through Uniswap. The UNI token on this page is what you swap, not the Uniswap platform itself.

Uniswap's protocol contracts have been audited and have processed trillions of dollars in volume since 2018, though audits reduce rather than remove smart contract risk. Risks when using Uniswap directly include front-running (MEV bots), slippage on low-liquidity pairs, impermanent loss for liquidity providers, and interaction with malicious token contracts. These risks apply to direct Uniswap use. When swapping the UNI token through Swapzone, you are exchanging the governance token itself through an instant exchange partner, which is a different process from using the Uniswap DEX.

The Uniswap protocol is open-source and permissionless, meaning no entity controls access at the protocol level. The Uniswap Labs front-end (app.uniswap.org) restricts certain tokens for US users based on regulatory concerns. UNI token trading on exchanges and aggregators operates under the exchange's own regulatory status. Note that Swapzone is not available to US residents, so exchanging UNI through Swapzone is not available from the United States regardless of Uniswap's separate availability.

UNI is Uniswap's ERC-20 governance token, launched in September 2020 through an airdrop to historical Uniswap users. UNI holders can vote on protocol fee parameters, treasury allocations, and other governance proposals through the Uniswap DAO. The initial supply was 1 billion UNI, released over a four-year schedule that ended in September 2024, and 100 million UNI were burned on December 28, 2025. Holding UNI gives governance rights but does not entitle holders to protocol fee revenue by default, though fee switch proposals have been debated in governance. Circulating supply was approximately 624 million UNI as of October 2026, according to CoinGecko.