An AMM uses a pricing algorithm to price assets. Uniswap uses the “x*y = k” formula to price its assets. Within the formula, x represents the amount of one token in the liquidity pool, y is the amount of the other asset and k is a fixed constant. In Uniswap, the value of both assets constantly remains at a ratio of 50:50. Currently, the 0.3% trading fees do not accrue to UNI token holders - all trading fees currently only accrue to Liquidity Providers. With the protocol doing over $1 billion of daily trading volume, experts are speculating that the price of UNI will be based on the potential return made through fees, should at some point governance decide to enable that. The trading volume of Uniswap (UNI) is $300,370,402.34 in the last 24 hours, representing a -46.10% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Uniswap (UNI) is $44.92 , which was recorded on May 03, 2021 (over 2 years). Comparatively, the current price is -85.90% lower than the all-time high price. The lowest price paid for Uniswap (UNI) is $1.03 , which was recorded on Sep 17, 2020 (about 3 years). Comparatively, the current price is 513.70% higher than the all-time low price. Market capitalization of Uniswap (UNI) is $4,764,238,085 and is ranked #21 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of UNI tokens (750 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Uniswap (UNI) is $6,320,574,116 . This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion UNI tokens are in circulation today. Depending on how the emission schedule of UNI tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 85% of users are feeling good about Uniswap (UNI) today.