TradeCityPro | Deep Search: In-Depth Of Uniswap👋 Welcome to TradeCity Pro
Today, we have a Deep Research on the Uniswap project. In this analysis, I will fully review this project. First, let's go over the project's details, and then I'll analyze UNI technically.
🔍 What is Uniswap?
Uniswap is a decentralized exchange (DEX) operating on the Ethereum blockchain that allows users to swap ERC-20 tokens without relying on traditional order books. Instead, it uses an Automated Market Maker (AMM) model, where liquidity providers add funds to pools and earn trading fees.
Uniswap was founded by Hayden Adams and launched in 2018. Since then, it has gone through multiple upgrades, with Uniswap V3 being the most recent version, offering improved capital efficiency.
🗝 Key Features:
Decentralized & Permissionless: No central authority controls trading.
Liquidity Pools: Users provide liquidity and earn a share of trading fees.
AMM Model: Uses the x*y = k formula to maintain price balance.
Non-Custodial: Users retain control over their assets.
No Listing Fees: Anyone can list tokens, unlike centralized exchanges.
🔍 UNI Token Overview
UNI is the governance token of Uniswap, allowing holders to vote on protocol upgrades and treasury decisions.
🔹Tokenomics
Total Supply: 1 billion UNI
Inflation Rate: After September 2024, a 2% perpetual annual inflation will be introduced.
Circulating Supply: UNI is released gradually over 4 years.
Current Circulating Supply: About 550M UNI
🔹Token Allocation
Governance: 45% - 450M UNI
Team: 21.3% -212.66M UNI
Investors: 18%- 180.44M UNI
Community Token Distribution:15%- 150M UNI
Advisors: 0.69%- 6.9M UNI
Now that we have reviewed the project, let’s move on to the chart to analyze it from a technical perspective.
🔹Uniswap’s Evolution: V1, V2, V3
Uniswap V3 Innovations
-Concentrated Liquidity: LPs can set price ranges for providing liquidity.
-Multiple Fee Tiers: Traders can select different fee levels (0.05%, 0.3%, 1%).
-Capital Efficiency: More precise liquidity allocation for better returns.
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🔒Token Unlock & Vesting Schedule
Current Unlock Progress
- Unlocked: 55% (549.94M UNI)
- Untracked: 45% (450M UNI)
- Locked: 0% (All tokens are being tracked or unlocked)
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🔹Vesting Schedule
Group - Vesting Duration - Unlock
Team : 47 months (ended Aug 2024) -2.08% monthly
Investors: 47 months (ended Aug 2024)- 2.08% monthly
Community Distribution:Fully unlocked- 100% at TGE
Advisors: 47 months- 2.08% monthly
⚠️Important: The untracked 450M UNI tokens can be unlocked at any time, making them a potential source of market volatility.
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Uniswap Governance & DAO
The Uniswap DAO allows token holders to participate in protocol decisions.
Governance Process:
1) Proposal Submission – Requires 25,000 UNI votes to enter deliberation.
2) Consensus Check – Needs 50,000 UNI votes to proceed.
3) Final Governance Vote – 40M yes-votes required for approval.
Uniswap DAO Treasury
$1.6 Billion worth of assets.
Previously largest DAO, now second (behind BitDAO).
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❗️Security & Risks
🔹Security Measures
1) Smart Contracts Audited – Regular security reviews.
2) Decentralized Governance – Protocol updates are voted on by UNI holders.
3) Non-Custodial – Users always control their own funds.
🔹Risks
1)Ethereum Gas Fees – High network congestion leads to expensive swaps.
2) Impermanent Loss – LPs may lose value if token prices shift.
3) Governance Risks – Power concentrated among whales.
4) Smart Contract Exploits – DeFi platforms remain high-risk targets.
🖼NFT Expansion – Uniswap Acquires Genie
Uniswap acquired Genie, an NFT marketplace aggregator, to integrate NFT trading into its ecosystem.
🔹Genie Features:
-Aggregates NFTs from multiple marketplaces.
-Batch NFT purchases in one transaction (reducing gas fees).
-Plans for USDC airdrops to early Genie users.
Uniswap had previously launched NFT-backed Unisocks (2019), linking real-world assets to NFTs.
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👛Best UNI Wallets
MetaMask
Trust Wallet
Ledger
Coinbase Wallet
SafePal
Solflare
OKX Wallet
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💲Uniswap Team & Key Investors
Hayden Adams: Founder & CEO
Mary-Catherine Lader: COO
Marvin Ammori: CLO
💵Major Investors
Coinbase Ventures
Defiance Capital
Paradigm
ParaFi Capital
Delphi Digital
💰Total Funding Raised: $188.80M
🎯Uniswap's 2025 Roadmap and UNI Token Developments
In early 2025, Uniswap introduced Uniswap v4, marking a pivotal evolution in its protocol. This version emphasizes developer flexibility through the integration of "hooks," modular plugins that allow for tailored functionalities such as dynamic fees and automated liquidity management. These enhancements position Uniswap v4 as a versatile platform for DeFi developers, fostering innovation and adaptability within the ecosystem.
Unichain: Uniswap's Layer-2 Scaling Solution
To address scalability and transaction efficiency, Uniswap launched Unichain, its proprietary Layer-2 solution, on January 6, 2025. Built on the OP Stack, Unichain aims to deliver faster transactions and reduced fees, enhancing the overall user experience. The mainnet launch follows a successful testnet phase that processed over 50 million test transactions, underscoring its readiness for broader adoption.
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🔹Several reputable platforms for creating liquidity pools
Uniswap
Pancakeswap
Raydium
Shibaswap
Biswap
MDEX
Balancer
Thena
Quickswap
Defiswap
Honeyswap
Warden
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🔹Certik: 94.28
📈On-Chain Analysis of UNI
Analyzing Uniswap’s on-chain data, we observe key trends in profit and loss positioning, whale activity, and network engagement:
Around the $7.40 price level, approximately 39.55 million UNI tokens are in a loss position, indicating a potential resistance zone. Meanwhile, support levels remain weak due to a lower volume of profitable tokens.
Large transactions show slight spikes during price declines, suggesting a lack of strong buying interest from major investors.
Whales hold 51% of the total supply, making their trading activity crucial. Currently, addresses with holdings between 100 million to 1 billion UNI and 10 million to 100 million UNI are engaging in selling, adding downward pressure on price.
Network activity, including active and new addresses, is on a declining trend, signaling reduced user engagement and transaction volume.
Based on on-chain metrics, there is no significant buying pressure or demand at the moment, raising concerns over short-term price recovery.
📊Uniswap TVL Analysis
Since early December, Uniswap's Total Value Locked (TVL) has shown a slight increase, rising from 1.72 million ETH to 1.94 million ETH. However, this growth remains considerably lower compared to the levels observed in 2021, reflecting a slower pace of liquidity accumulation.
Now that we have reviewed the project, let’s move on to the chart to analyze it from a technical perspective.
📅 Weekly Timeframe
In the weekly timeframe, we observe a long-term range-bound trend with a slight upward slope. Currently, the price is experiencing a downward move, with the primary support at 5.841.
💫 If this level breaks, the price may continue declining, and the next key support is at 4.025. On the other hand, if RSI does not drop below 38.74 and the price holds above 5.841, we can have more confidence in a potential price increase.
🎲 In this scenario, the key resistance levels are 11.638 and 18.794. The main trigger for buying is the breakout of 18.794, and the major sharp price movement will occur after breaking the ATH resistance at 42.92.
🔽 The critical support level that should not be lost is 4.025, as breaking below this level could result in a sharp bearish movement, and in that case, we will use Fibonacci tools to determine the bearish targets.
📅 Daily Timeframe
Now, let’s move to the daily timeframe for a more detailed view.
🔍 As seen in this timeframe, after price consolidation below 12.559, the second corrective wave has begun, and the price has currently fully retraced the previous bullish wave, reaching 6.670.
📉 If this level breaks, the next key supports are 5.556 and 4.025, with 4.025 overlapping with the 1.5 Fibonacci extension.
⚡️ If the price finds support at the current level, an appropriate trigger for a long position would be the breakout of 43.54 in RSI, which can serve as a momentum confirmation. Once RSI breaks this level, we can look at lower timeframes to define a precise entry trigger.
🔽 On the other hand, if RSI enters the Oversold zone, the likelihood of breaking 6.670 or even 5.556 increases.
🛒 For a spot buy, the current valid trigger is a breakout of the $10 level, which is the last local high in this timeframe. The exact number for this breakout level will be determined based on price action and its reaction when it approaches the area.
💥 If the price experiences further decline and establishes new highs and lows, the spot buy entry should be based on the breakout of the newly formed high in the downtrend.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
