POLTRACK

UNI Value

Track Uniswap swap fees, UNI supply and burns, and how the DAO uses its treasury.

Where the UNI sits

1B minted
886.3MUNI after burns
Burned to date
113.7M UNI
In DAO treasury
262.25M UNI
Held elsewhere
624.05M UNI

UNI supply impact

Jan 1 – Nov 3, 2026

Net supply change

No dilution
−1.51%

−13.63M UNI · 0 UNI issued

899.92M → 886.3M UNI after burns

UNI burned from fees

13.63M UNI

$62.86M at burn dates

UNI outside DAO treasury

−6.24M UNI

624.05M UNI now outside the main wallet

7.39M UNI net outflow from the treasury

UNI burned

13.63M UNI

Burned during this period

181.31M UNI

Total swap fees
UNI equivalent

UNI per barSelect a bar for the amount

DAO treasury

DAO wallet
262.25M UNI

Balance on Nov 3

Opening balance
269.63M UNI
Paid to recipients
20M UNI
Received
12.61M UNI
Approved for Labs20M UNI

Still in the treasury. The next tranche (5M UNI) can be claimed from Jan 1, 2027.

Follow the transfers

6 transactions
DateCounterpartyTypeAmountTransaction
Uniswap LabsPayout−5,000,000 UNI↗
Gauntlet multisigInflow+113,137.83 UNI↗
Uniswap LabsPayout−5,000,000 UNI↗
Multiple sendersInflow+12,500,001.19 UNI↗
Uniswap LabsPayout−5,000,000 UNI↗
Uniswap LabsPayout−5,000,000 UNI↗
Data and methodology Snapshot · Nov 3, 2026

Supply. The supply graphic starts with the UNI contract’s total supply, identifies UNI held by Governance Timelock and subtracts the balance at the burn address. The remainder includes UNI across other wallets and contracts. Ethereum burn address

Burns and fees. Fee burns count confirmed UNI transfers from Firepit releases and their bridge finalizations on Ethereum. Burn totals include treasury burns. The chart bars show other burns. Total swap fees include fees paid to liquidity providers. DefiLlama · Uniswap fee mechanics

Treasury. The ledger covers UNI movements involving the main Ethereum governance wallet. The Labs allowance is an approved commitment that can change by governance decision. DUNI disclosures · Vesting contract

Valuation. Burns and transfers use the UNI/USD close on their UTC date. Balances and approved amounts use the close on their snapshot date. The UNI equivalent of swap fees divides each day’s fees by that day’s price. Coinbase UNI/USD

How Uniswap tokenomics works

How does Uniswap burn UNI?

Uniswap collects protocol fees in TokenJar contracts. A third party can claim the assets in a jar by supplying UNI. The burn chart counts UNI when it reaches the Ethereum burn address, including transfers that settle after bridging from another network. Uniswap fee documentation

How much UNI is in circulation?

The supply diagram shows minted UNI, tokens held by the main DAO treasury and tokens sent to the burn address. UNI held elsewhere includes bridges and other contracts, so the diagram labels that balance separately from estimates of market circulation. UNI token documentation

Where does the Uniswap DAO spend its UNI?

The transfer journal tracks UNI entering or leaving Governance Timelock. It separates payouts, deposits and treasury burns. The Labs allowance shows how much UNI is approved for future development tranches while the tokens remain in the wallet. UNIfication vote