Odaily Planet Daily News Chain analyst Yu Jin on X released an analysis of the UNI on-chain chips that have entered full circulation: In September 2020, UNI was issued and listed. The team/investors/advisors and the community treasury received a total of 83% of UNI (830 million pieces), and these UNIs have a four-year unlocking cycle. Now that four years have passed, these UNIs have been unlocked, and UNI has become a fully circulated token. The issuance and distribution of UNI are as follows: ◎LP staking rewards 2% (liquidity mining allocation from September to November 2020); ◎Early user airdrops 15%; ◎Community treasury 43% (4-year unlocking cycle); ◎Team/investors/advisors 40% (4-year unlocking cycle). The 17% belonging to LP mining + airdrops were all circulated at the beginning of the launch, so only the community treasury and team/investors/advisors need to be considered. Community Treasury (43%) The Community Treasury has an allocation of 430 million UNI, which has been fully unlocked. The number of UNIs held by the Community Treasury address is currently 399,789,850, which means that the total amount of UNIs that have flowed into the market from the Community Treasury in the past four years is 30,210,150. Team/Investors/Advisors (40%) The Community Treasury has an allocation of 400 million UNIs, which has been fully unlocked, of which 58,164,177 have flowed into the market. Because the top six addresses (a16z, etc.) that received the allocation have basically not sold, the sales ratio is not high. In general, UNI has been fully unlocked, with a circulation rate of 100% (1 billion). However, because the community treasury and team/investors/consultants that own most of the chip allocations have not sold a large number (88.37 million chips), most of the unlocked chips have not been sold yet, so the actual circulation of UNI is currently around 258.3 million (25.83% of the total).