What is Uniswap?

UNI functions as the governance token for Uniswap, which operates as an Automated Market Maker decentralized exchange on the Ethereum blockchain. The token enables holders to engage in the governance of the protocol, influencing decisions related to treasury usage and potential upgrades.

Uniswap allows for various decentralized trading activities, with UNI serving as a means for community members to participate in its governance structure. Through voting mechanisms, UNI holders can shape the future direction of the platform.