Question about Uniswap

[PercT4b]

A simple question, where does Uniswap (I'm talking about the exchange, not the token) take the price of a certain coin/token from (I mean, how does it calculate the price of a token)?....Does it take it from Coinmarketcap or etherscan?


To make it clear, we know that a coin's price depends on circulating supply and total market cap, so, I was wondering if maybe Uniswap exchange could have its own statistics about these two elements and then it can make its own calculations, or it simply takes the price from another scanner.


Hope I'm making myself clear about this question.

[blockman]

Its give u the best price upon the available pair on their platform

This is true. It's indicated on their website how they're getting the price for their platforms whenever you trade there. But I don't trade there anymore because I stumble upon the high fee that it's giving to us. The link is below on how they determine the prices.
(https://docs.uniswap.org/protocol/V2/concepts/advanced-topics/pricing)

[indah rezqi]

If one of the tokens uses the Uniswap platform, then they will calculate the amount of liquidity for that token. I think this is how they calculate it based on my knowledge and I don't think they use any other scanner.

[cryptoaddictchie]

A simple question, where does Uniswap (I'm talking about the exchange, not the token) take the price of a certain coin/token from (I mean, how does it calculate the price of a token)?....Does it take it from Coinmarketcap or etherscan?

You mean when they got listed their coin? Normally some listed on their platform even not listed there as long as the token have some liquidity. Its the LP whom provide it will dictate the price and based on the balance input on token and corresponding pairing.

To make it clear, we know that a coin's price depends on circulating supply and total market cap, so, I was wondering if maybe Uniswap exchange could have its own statistics about these two elements and then it can make its own calculations.

What kind of statistic? Im not sure if uniswap have been using oracle from other projects but most likely they have already.

[Jackl87]

A simple question, where does Uniswap (I'm talking about the exchange, not the token) take the price of a certain coin/token from (I mean, how does it calculate the price of a token)?....Does it take it from Coinmarketcap or etherscan?

When a project wants to list their tokens on uniswap or any other decentralized exchange, then they have to privide their own token and at least one other token (in a lot of cases the second token is a stable coin but it can also be Eth for projects on uniswap, BNB for projects on pancakeswap or other tokens) to that decentralized exchange in order to create a trading pair liquidity pool there. The project owners decide for themself how the ratio between token 1 and 2 and therefore they decide the Initial trading price of their token.