According to Golden Finance, on-chain analyst Ember Monitor reports that UNI was launched in September 2020. The team, investors, advisors, and community treasury received a total of 83% of UNI (830 million) with a four-year unlock period. Now, four years have passed, and these UNI tokens have fully unlocked, making UNI a fully circulating coin. However, due to the relatively low amount of unlocked tokens sold by the community treasury and the team/investors/advisors (88.37 million), the majority of the unlocked supply remains unsold. Therefore, the actual circulating supply of UNI is around 258.3 million (25.83% of the total).