/ Conviction Index / Uniswap (UNI)

Uniswap (UNI)

DeFi · DEX · UNI · Launched V1 Nov 2018; V4 Q1 2025
A-

Excellent (A-) — Conviction Grade

Uniswap is the dominant decentralized exchange protocol. V4 hooks architecture enables material innovation. SEC dropped enforcement action 2025. Multi-decade founder continuity (Hayden Adams). Token-economic value-capture remains an active governance topic.

89
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A
Governance Decentralization
A-
Liquidity
A
Adoption & Utility
A
Regulatory Posture
B+
/ Public-Record Events

Key events & disclosures.

  • V1 Nov 2018
  • V4 hooks architecture Q1 2025
  • SEC enforcement dropped 2025
  • Multi-decade Hayden Adams continuity

/ Best for

DEX exposure; institutional allocation to the canonical AMM protocol; UNI token governance position.

/ Watch out for

UNI token economic value capture from protocol fees has been governance-debated for years. Verify current fee-switch status.