circulation

Analysis: UNI has completed full unlocking, with an actual circulation rate of approximately 25.83%

ChainCatcher news, on-chain analyst Yu Jin posted on platform X, stating that UNI has entered a fully circulating state. On-chain chip analysis: In September 2020, UNI was issued and listed. The team/investors/advisors and community treasury received a total of 83% of UNI (830 million tokens) distribution, which has a four-year unlocking period. Now, four years have passed, and these UNI have completed unlocking and become fully circulating tokens. The distribution of UNI is as follows:LP staking rewards 2% (2020/9-11 liquidity mining distribution);Early user airdrop 15%;Community treasury 43% (4-year unlocking period);Team/investors/advisors 40% (4-year unlocking period).The 17% belonging to LP mining + airdrop has been fully circulated at the initial launch, so we only need to look at the community treasury and the team/investors/advisors.Community treasury (43%): The community treasury has a distribution of 430 million UNI, which has been fully unlocked. Currently, the community treasury address holds 399,789,850 UNI, meaning that over the past four years, the total amount of UNI that has flowed into the market from the community treasury is 30,210,150 tokens.Team/investors/advisors (40%): The community treasury has a distribution of 400 million UNI, which has been fully unlocked, with 58,164,177 UNI flowing into the market. Since the top six addresses by allocation (such as a16z) have basically not sold, the selling ratio is not high.Summary: UNI has now completed all unlocking, with a circulation rate of 100% (1 billion tokens). However, because the community treasury and team/investors/advisors, which hold the majority of the chip distribution, have not sold many (88.37 million tokens), the vast majority of unlocked chips have not been sold. Therefore, the actual circulating quantity of UNI is currently around 258.3 million tokens (25.83% of the total).
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