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ETH$2,694.24▼ 0.4%·
USDT$0.999973▲ 0.0%·
BNB$786.50▼ 0.3%·
XRP$1.49▼ 1.1%·
USDC$0.999981▼ 0.0%·
SOL$119.44▼ 1.9%·
TRX$0.336468▲ 0.2%·
FIGR_HELOC$1.06▲ 0.0%·
ZEC$1,295.73▼ 3.3%·
HYPE$93.36▲ 3.5%·
DOGE$0.094273▼ 0.7%·
XMR$554.67▲ 1.3%·
LINK$13.81▼ 2.4%·
WBT$85.16▲ 0.2%·
USDS$0.999903▼ 0.0%·
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8.9/10
DeFi Protocols

Uniswap Protocol

Strongranked 1 of 4 in defi protocols◆ Sources checked · 27 Sept 2026

The most consequential contract set in DeFi and among the most conservative. No admin key can move pooled funds, and the v2, v3 and v4 pools have held billions since 2020 without a protocol-layer exploit. Since the UNIfication vote of December 2025 a governance-set share of each pool fee goes to a UNI burn rather than to liquidity providers.

Best for: Pool contracts with no admin key over funds, at the largest scale

Company file: Uniswap, owners, incidents →

How this score was reached

8.9 is the weighted average of the five pillar findings below. Does the job well with no material unresolved concerns.

Custody & Security35%
9.4

Each version is a separate, non-upgradeable contract set with no admin authority over pooled funds; multiple independent audits. The one drained pool on record was a v1 pool hit by the imBTC reentrancy in April 2020. v4 pools are only as safe as the hook attached to them.

Cost & Fee Transparency15%
8.2

Fee tiers are explicit and set on-chain. Since the UNIfication vote of 26 Dec 2025 a protocol fee is on: 0.05% of the 0.30% on v2, 1/4 or 1/6 of the fee on v3, and v4 pools on seven networks since Jul 2026. The swapper pays the same; the LP keeps less.

Regulation & Legal Standing5%
6.6

Unlicensed by design. Governance sits in DUNI, a Wyoming DUNA adopted 9 Sep 2025. Uniswap Labs paid a $175,000 CFTC penalty in Sep 2024; the SEC closed its investigation with no action on 25 Feb 2025.

Performance & Reliability35%
9.2

Held through every major market break of the period with no degradation in the core mechanism.

Access & Support10%
8.6

Extremely well documented with the largest integration surface in DeFi.

Strengths

  • No admin key over pooled funds; old versions keep running unchanged
  • No protocol-layer exploit on v2, v3 or v4 since 2020
  • The protocol fee is set on-chain by a public vote and does not change the price a swapper pays

Against it

  • Non-upgradeable contracts mean bugs cannot be patched either
  • Since Dec 2025 LPs keep a smaller share of each fee; the rest funds a UNI burn
  • A v4 pool is only as safe as its hook, and anyone can deploy one

No key over the pools

Uniswap scores highest in this table for an unglamorous reason: no admin key can move pooled funds, each version is a separate contract set that nobody can upgrade, and the v2, v3 and v4 pools have held billions since 2020 without a protocol-layer exploit. Every part of that is checkable, which is what a documentary method can actually reward.

Two things changed the picture slightly. Since the UNIfication vote of 26 Dec 2025 a governance-set share of each pool fee goes to a UNI burn instead of to liquidity providers; the swapper pays the same, the LP keeps less. And v4 pools can carry hooks, external contracts that are only as safe as whoever deployed them. Neither has cost anyone a deposit so far.

Frequently asked questions

Why does Uniswap score higher than Aave?+

Upgradeability and collateral. Aave’s contracts are upgradeable through governance, and in April 2026 unbacked rsETH accepted as collateral put about $193M of loans at risk. Uniswap pools have no upgrade path and no collateral to misprice; the worst a pool can do is trade against a bad token you chose to buy.

Can Uniswap governance take my funds?+

No. There is no admin key over pooled funds and the pool contracts cannot be changed. Governance can switch the protocol fee on or off per pool and spend the treasury; since December 2025 that fee is on for v2 and selected v3 pools on Ethereum and, since July 2026, for v4 pools on seven networks.

What is the actual risk of using Uniswap?+

Your own transactions. Nobody can reverse a swap you signed, sandwich attacks and approval phishing are real, a token you buy can still be worthless, and a v4 pool is only as safe as its hook. The protocol layer is about as sound as evidence gets; the trading is not risk-free.

Assessed by

Emily Volker

By Emily Volker

Editor-in-Chief · September 27, 2026

◆ Disclosure

CoinRadar Daily is a non-commercial project. We have no commercial relationship with Uniswap Protocol, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.

Rubric v2.0How we score →

The rest of the defi protocols table

  1. 01Uniswap Protocol — you are herePool contracts with no admin key over funds, at the largest scale8.9
  2. 02Lido ProtocolScale and integration, with the concentration question attached8.3
  3. 03MakerDAO / SkyThe longest continuous operating record of any DeFi protocol8.0
  4. 04Aave ProtocolActively risk-managed lending, if you check which collateral others may post7.9
Full defi protocolscomparison →

Related tables

How we score →

Independent, rubric-scored tables for the services behind this story.