Uniswap to US Dollar

UNIUSD tracks the price of Uniswap’s UNI token against the US dollar. Uniswap is a leading decentralised exchange (DEX) built on the Ethereum blockchain, allowing for the swapping of various Ethereum-based tokens. UNI holders participate in governance of the Uniswap protocol. The token’s value is shaped by platform usage, trading volumes, and trends in decentralised finance (DeFi).