Uniswap Users Have Claimed $560M Worth of UNI Tokens in a Week
Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses.
Updated Sep 14, 2021 at 10:00 a.m. UTC
![(Heinrich Jonas/Wikimedia Commons)](https://www.coindesk.com/resizer/bZJTCGF-kjAI2_JXlirxvp4tB58=/567x395/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/D2S4BDLYCFGNDBS44U5D7X6J7U.jpg)
Uniswap users have snapped up much of the supply of free UNI tokens in the first week.
- Data from Dune Analytics on Thursday shows that eligible participants in the DeFi project have claimed approximately 78% of the existing UNI supply – just under 117 million tokens.
- At the current $4.78 market price, that means just under $560 million worth of the tokens have been claimed.
- Last Wednesday, Uniswap announced it was giving away 400 of its newly minted tokens to each address that had used its protocol prior to September.
- The decentralized trading platform said it will ultimately issue and distribute 4 billion UNI tokens to the community over the next four years.
- So far, 190,000 eligible wallet addresses have claimed their tokens; nearly 140,000 did so the day after the announcement.
- The volume of claimants has fallen over the past week, with 1,557 addresses on Wednesday and just under 500 addresses so far today.
![Amount of UNI claimed over time](https://www.coindesk.com/resizer/9wzHk0Z5rStdbs4voqRrI08kUeE=/560x225/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NLL3XKWT6JDFFFN22DCK3EUEYE.png)
- Designed to power on-chain decision making, UNI has made the headlines almost every day since it first started trading last week.
- At an initial price of $2.97 on Wednesday, UNI had surged to over $7.80 by Friday.
- Following a market slide that took the price down to $3.80 by Tuesday, UNI has since recovered and has currently edged past the $4.80 mark, according to CoinGecko data.
- UNI is currently the 32nd biggest digital asset by market cap.