According to CoinMeta, as reported by Cointelegraph, on November 2, 2018, Uniswap was officially launched on Ethereum. Two years later, Uniswap airdropped 150 million UNI to early users and liquidity providers, with each of the 251,534 wallets that had used the platform receiving at least 400 UNI. In May 2021, the value of 400 UNI was approximately $17,970, while today its value is around $2,870. To date, the cumulative trading volume of Uniswap has reached 4 trillion US dollars, accounting for about 26% of the total trading volume of all decentralized exchanges (DEX).