The token with the currency abbreviation UNI serves two functions, firstly, coins are used to incentivize investors and secondly, the Uniswap Coin has a governance component. Everyone who owns at least one Uniswap token is allowed to have a say in the further development of the project. However, only investors who hold at least 1 percent of the coins may make new proposals for further development. The developers of the project themselves have no decision-making authority over further development.

The price peaked in May 2021 at more than 40 US dollars, but since then the price has recorded steady losses. In the list of the largest cryptocurrencies, Uniswap ranks 21st.