UNI Might Stay As Uniswap Token Collection Hits Peak

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Uniswap (Courtesy: Twitter)
Uniswap (Courtesy: Twitter)

Uniswap’s massive airdrop to loyal platform users has been an overwhelming success and a strong indication that the token is not going to fade away despite its recent price slide.

When Uniswap announced its native UNI token and Ethereum-based liquidity farming pools, it also distributed 150 million of those tokens as a loyalty bonus. DeFi users woke up with free tokens in their wallets and UNI prices subsequently spiked to a brief high of $8 each.

Many of those that received the tokens instantly sold them, resulting in the price slipping after. But the sheer number of users that claimed them is a testament to Uniswap’s success.

According to findings from the on-chain analytics provider, Dune Analytics, 190,800 eligible wallets have claimed their UNI airdrop.

This equates to over 117 million UNI tokens, or 78% of the total dropped, claimed within a week of the giveaway. The majority of the tokens were claimed on Sept 17 and the number has been falling off ever since, indicating that there may be over 30 million unclaimed UNI still out there.