On-chain analyst Yu Jin released an analysis of the UNI on-chain chips that have entered full circulation:
In September 2020, UNI was launched. The team/investors/advisors and the community treasury received a total of 83% of UNI (830 million pieces), which have a four-year unlocking period.
Now that 4 years have passed, these UNIs have been unlocked and UNI has become a fully circulated token. Let's look at how much of these 83% of chips have flowed into the market and what the actual circulation of UNI is like.
First, let’s understand the distribution of UNI:
◎LP staking reward 2% (liquidity mining allocation from September to November 2020);
◎ 15% airdrop for early users;
◎ Community Treasury 43% (4-year unlocking cycle);
◎Team/Investors/Advisors 40% (4-year unlocking period).
The 17% that belong to LP mining + airdrops have all been circulated at the beginning of the launch, so we only need to look at the community treasury and the team/investors/advisors.
Community Treasury (43%)
The community treasury has an allocation of 430 million UNI, all of which have been 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 400 million UNIs allocated, all of which have been unlocked, of which 58,164,177 UNIs have flowed into the market. Because the top six addresses (a16z, etc.) that received the allocation basically did not sell, 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 who own most of the chips have not sold many (88.37 million), 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). #pepe
