#4 of 25 · Uniswap
Is UNI deflationary?
Shrinking · −2.4% estimated supply next year
UNI supply is expected to shrink over the next twelve months (−2.4% estimated). That figure is a measured estimate from 97 dated observations over 96 days. Under its protocol-fee uni burn program, tokens are permanently destroyed, funded by activated protocol fees. No scheduled token releases are known for the next twelve months. Beneat Supply Watch ranks UNI #4 of 25 with an overall supply score of 84 out of 100, as of Sep 6, 2026.
Supply score
84 / 100
Key figures
Supply next year
−2.4% estimated
Tokens unlocking, 12 months
None known
Circulating
62.3%
Market cap
$4.29B
Supply direction score
79
Release pressure score
100
Program strength
88
Track record
65
Scores are 0–100 research shortcuts, not price forecasts. Sources: strong. Data as of Sep 6, 2026.
Supply history
Daily observed effective supply from the approved protocol adapter. Scheduled releases are shown separately below.
Upcoming releases
The published release schedule is complete. Team and investor vesting is complete; treasury distribution is governance-controlled rather than scheduled unlock pressure.
No calculable UNI release is published for the coming months.
How UNI supply changes
Paid for by
Activated protocol fees
What happens
Protocol-fee UNI burn
Where tokens go
Permanently burned
Genesis vesting concluded in September 2025. Governance retains mint authority, but no active annual inflation is assumed; activated fees burn UNI.
Catalyst
No material catalyst recorded.
Offsetting risk
Governance can authorize new issuance or alter fee parameters.
Questions people ask about UNI supply
- Is UNI deflationary?
- UNI supply is expected to shrink over the next twelve months (−2.4% estimated). That figure is a measured estimate from 97 dated observations over 96 days. Under its protocol-fee uni burn program, tokens are permanently destroyed, funded by activated protocol fees. No scheduled token releases are known for the next twelve months. Beneat Supply Watch ranks UNI #4 of 25 with an overall supply score of 84 out of 100, as of Sep 6, 2026.
- When is the next UNI unlock?
- No dated UNI release is published for the coming months: the published release schedule is complete. Team and investor vesting is complete; treasury distribution is governance-controlled rather than scheduled unlock pressure.
- How much UNI is in circulation?
- 623.2M UNI is in circulation, about 62.3% of the 1.00B reference supply, with a market cap of $4.29B. Release progress is 3 of 5; expected completion: September 2025.
- How does UNI supply change?
- Genesis vesting concluded in September 2025. Governance retains mint authority, but no active annual inflation is assumed; activated fees burn UNI. Program: Protocol-fee UNI burn. Paid for by activated protocol fees. Destination: permanently burned.
- How reliable is this data?
- UNI has strong sources: 2 cited documents, last checked Sep 6, 2026. Reconciliation against the published plan is "matched". Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation.
Sources
- CoinGecko · Market and circulating-supply snapshot ↗2026-09-06
- Uniswap Foundation · UNI allocation, issuance and protocol burn ↗2026-09-01
Reconciliation: matched. Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation. Machine-readable data: /api/screener/deflationary and calendar for UNI.
Compare with
All 25 tokens on Beneat Supply Watch · How Supply Watch compares with other tools
Research only. Not investment advice. Beneat Supply Watch does not forecast prices.