Uniswap is the largest decentralized exchange for swapping crypto tokens without intermediaries. The UNI token lets users vote on protocol changes. Learn how it works, its risks, and why it dominates DeFi.
UNI Coin: What It Is, How It Works, and What You Need to Know in 2025
When you hear UNI coin, the native token of Uniswap, the largest decentralized exchange on Ethereum. Also known as Uniswap token, it's not just a currency—it's a voting tool, a reward system, and a way for users to shape the future of DeFi. Unlike traditional stocks or even other crypto tokens, UNI doesn’t represent ownership in a company. Instead, it gives holders influence over how Uniswap evolves—like deciding new fees, which tokens get listed, or how the treasury spends its money.
Uniswap itself is a DeFi token, a type of cryptocurrency built to run on decentralized finance protocols that lets you swap Ethereum-based coins without a middleman. No KYC, no bank account, no approval needed. Just connect your wallet and trade. The platform runs on smart contracts, meaning the rules are coded into the blockchain and can’t be changed by a single person. UNI was launched in 2020 as a surprise airdrop to early users, and since then, it’s become one of the most talked-about tokens in crypto. But here’s the catch: owning UNI doesn’t guarantee profits. Its value swings with trading volume, market sentiment, and competition from other DEXs like SushiSwap or Curve.
People use UNI for three main reasons: governance, staking, and speculation. If you hold UNI, you can vote on proposals that change how Uniswap works. Some users lock up their tokens to earn rewards, while others treat it like a gamble—buying low, hoping the next big DeFi trend pushes the price up. But not all stories end well. Some users lost money when new governance votes favored big holders over small ones, or when competing DEXs offered better fees. And while Uniswap is still the leader, it’s no longer the only game in town.
What you’ll find in this collection isn’t hype. It’s real talk. You’ll read about how Ethereum DEX, a decentralized exchange built on the Ethereum blockchain platforms like Uniswap compare to centralized ones. You’ll see why some users avoid UNI entirely, while others rely on it to access new tokens before they hit big exchanges. You’ll also find warnings about fake airdrops pretending to give away UNI—scams that target people who don’t know the real Uniswap never asks for your private key.
There’s no magic here. UNI isn’t a get-rich-quick tool. It’s a piece of infrastructure—like a voting card for a digital marketplace. Whether you’re using it to trade tokens, earn rewards, or just understand how DeFi really works, knowing what UNI actually does—and what it doesn’t—will save you from costly mistakes. Below, you’ll find guides, reviews, and real-world stories that cut through the noise. No fluff. Just what matters.