The native governance token of the Uniswap decentralised exchange protocol, giving holders voting rights on protocol upgrades, fee structures, and treasury allocations. UNI was distributed via one of the largest airdrops in crypto history in September 2020, rewarding early users of the platform. The token trades on both centralised and decentralised exchanges and its value is influenced by Uniswap's trading volume, TVL, and broader DeFi market sentiment.
Example
“UNI rallied 15% after the community voted to activate the protocol fee switch, which would direct a portion of trading fees to UNI token holders.”