Uniswap’s governance token, UNI, has officially completed its four-year unlock cycle, with the total supply of 1 billion tokens now available.
However, despite this full unlocking, only 25.83% of the tokens, or around 258.3 million UNI, are currently in actual circulation. Notably, major holders like a16z and other top six addresses have refrained from selling their allocations.
Uniswap's governance token UNI has been fully unlocked, but the actual circulation is only 25.83% of the total, about 258.3 million. The top six addresses (such as a16z, etc.) have basically not sold their UNI. According to @EmberCN, of the 430 million UNI obtained by the…
— Wu Blockchain (@WuBlockchain) September 17, 2024
UNI was first issued and listed in September 2020, with 83% of the total supply allocated to the team, investors, advisors, and the community treasury. These tokens have been gradually unlocked over the last four years. Now that the unlocking process has concluded, UNI is a fully circulating token. However, only a small portion of the tokens held by these large stakeholders has entered the market.
Breaking down the distribution of UNI:
– 2% went to liquidity mining rewards for LP staking between September and November 2020.
– 15% was distributed via airdrop to early users.
– 43% was allocated to the Community Treasury, which has unlocked all 430 million UNI, though only 30.2 million have been circulated.
– 40% went to the team, investors, and advisors. Of the 400 million UNI unlocked in this allocation, just 58.16 million have entered the market, with top holders selling very little.
已进入全流通状态的 $UNI 链上筹码分析
2020 年 9 月， $UNI 发行上市。团队/投资人/顾问以及社区财库获得了共计 83% 的 UNI (8.3 亿枚) 分配，这些 UNI 有四年的解锁周期。
现如今 4 年时间已经过去，这些 UNI 已经完成解锁，UNI 成为全流通代币。我们从链上来看看这 83%… pic.twitter.com/AM3WHmg2Ub— 余烬 (@EmberCN) September 17, 2024
In conclusion, despite UNI being fully unlocked, most of the large holders, including the community treasury and top investors, have not sold much of their holdings. As a result, only 25.83% of the total UNI supply is actively circulating in the market, leaving a significant portion still held by major stakeholders.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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