Nov 29, 2025, Posted by: Ronan Caverly

What is UNION Protocol Governance Token (UNN) crypto coin?

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Based on the article, UNN reached a peak of $0.13 in March 2021 and currently trades around $0.00017. Calculate how much your initial investment would be worth today.

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UNN is the governance token for UNION Protocol, a decentralized finance (DeFi) platform launched in early 2021 with a simple goal: let users bundle insurance-like protection across multiple crypto assets in one place. But today, UNN isn’t a thriving project-it’s a ghost. Its price has collapsed over 99.8% from its peak, trading at just $0.00015 to $0.00019 as of November 2025. The token still exists on exchanges like Coinbase and Poloniex, but it’s barely moving. No new updates. No active community. No real use. It’s a relic of the 2021 DeFi boom that never found its footing.

What UNN was supposed to do

UNION Protocol aimed to solve a real problem in DeFi: risk. If you’re lending on Aave, staking on Ethereum, or farming on Uniswap, you’re exposed to smart contract bugs, hacks, or price crashes. UNION wanted to let you buy bundled insurance policies across these platforms using UNN tokens. Holders could vote on which protocols to insure, set coverage terms, and earn fees from policy sales. It sounded smart. It even had a multi-token model-one for governance (UNN), one for coverage (UPT), and one for liquidity (UPL). But the execution never caught on.

Unlike Nexus Mutual or Cover Protocol, which built real user bases and active governance, UNION Protocol faded into silence. By mid-2021, trading volume dropped. By 2022, developers stopped posting. By 2023, even the project’s own website went dark. Today, UNN exists only as a ticker on a few exchanges, with no clear roadmap, no team updates, and no new proposals.

UNN token basics

UNN is an ERC-20 token built on the Ethereum blockchain. Its contract address is 0x226f...773a9d, verified on Etherscan. The total supply is fixed at 1 billion tokens, and according to Coinbase and TradingView, the full supply is circulating. That means no tokens are locked, reserved, or held by the team-every single one is out in the wild.

But here’s the odd part: Binance lists UNN but shows a $0 market cap and claims the circulating supply is zero. That’s impossible if Coinbase and TradingView say 1 billion tokens are out. This mismatch suggests one of two things: either Binance’s data is outdated or broken, or there’s a hidden distribution issue no one’s talking about. Either way, it’s a red flag for transparency.

Price history and market performance

UNN hit its all-time high of $0.13 on March 20, 2021, during the peak of DeFi mania. Back then, the project had hype, media coverage, and decent trading volume. Today, it’s worth less than 0.15% of that peak. A $100 investment at the top would be worth less than $0.12 now.

Recent price movements are tiny. Over the last 7 days, UNN rose 19.4%-but that’s because it was sitting at $0.00012. A 20% jump from a penny is still a penny. The 24-hour trading volume varies wildly: $78,000 on Coinbase, $17,000 on Binance, and just $14,000 on TradingView. That inconsistency isn’t normal. It suggests volume is being inflated on some platforms to make the token look active when it’s not.

UNN’s market cap hovers around $120,000. That’s less than the cost of a single Tesla stock. In a crypto market worth over $2 trillion, UNN has 0% market dominance. It’s not even on the radar of major DeFi analytics tools like DeFiLlama. You won’t find it in any top 1000 lists anymore.

Empty DeFi governance stalls with a broken voting ballot on the ground.

Why UNN failed

There’s no single reason UNN died. It’s a combination of bad timing, weak utility, and no follow-through.

  • No real demand: People didn’t buy UNN to insure their assets-they bought it hoping the price would go up. Once the hype faded, so did the reason to hold it.
  • Too complex: Bundling insurance across DeFi protocols sounded good, but the user experience was clunky. Most people didn’t understand how to use it, and few wallets supported it.
  • No team activity: The founding team vanished. No GitHub commits since 2021. No Twitter updates. No Discord activity. In crypto, silence is death.
  • Competition won: Nexus Mutual built a stronger brand, better legal backing, and a real community. Cover Protocol focused on simplicity. UNION Protocol tried to do everything and ended up doing nothing well.

There’s also the issue of tokenomics. With 1 billion tokens in circulation and a price under $0.0002, each token is practically worthless. You can’t even pay gas fees with it. Sending 10,000 UNN costs $5 in Ethereum fees-so you’d be spending $5 to transfer $1.50 worth of UNN. That makes it useless for real transactions.

Can you still trade UNN?

Technically, yes. You can buy UNN on Coinbase, Poloniex, and a few smaller exchanges. But you won’t find it on Binance, Kraken, or KuCoin. That’s because liquidity is terrible. If you try to sell 10,000 UNN, you’ll likely get a terrible price-or no buyer at all. Slippage is high. Order books are shallow. It’s a trap for anyone thinking they can make a quick profit.

Even if you buy it, storing it is risky. Most wallets don’t auto-detect UNN. You have to manually add the contract address. And if you send it to the wrong address, there’s no way to recover it. There’s no customer support. No help desk. Just a smart contract and silence.

UNN tombstone in a crypto graveyard beside thriving tokens like UNI and AAVE.

Is UNN a good investment?

No. Not even close.

UNN has none of the traits of a viable crypto asset:

  • No active development
  • No community
  • No utility
  • No roadmap
  • No team

Any price rise you see now is pure speculation-maybe a bot buying low, maybe someone trying to pump it before dumping. It’s not based on fundamentals. It’s not based on growth. It’s based on nothing.

Compare it to real governance tokens like UNI (Uniswap) or AAVE (Aave). Those have active DAOs, weekly votes, real usage, and millions in treasury funds. UNN has a contract address and a price chart that looks like a flat line with a few tiny spikes.

What happened to UNION Protocol?

The protocol itself is effectively dead. There are no recent audits. No new features. No partnerships. No press releases. The official website (unionprotocol.io) redirects to a placeholder page. The GitHub repository hasn’t been updated since 2021. The last Twitter post was in December 2021.

It’s a textbook example of a DeFi project that rode the wave of hype, raised funds, launched a token, and then disappeared. This happens often in crypto. Hundreds of governance tokens were launched in 2020-2021. Less than 5% are still active today. UNION Protocol was never one of them.

What does UNN teach us?

UNN is a warning sign. It shows how easily hype can replace substance in crypto. People buy tokens based on names, logos, and whitepapers-not on whether the team can actually build something useful. UNN had a good idea. But ideas don’t matter if no one follows through.

If you’re looking at a low-market-cap token with no updates, no community, and a price that’s dropped 99%, don’t assume it’s undervalued. Assume it’s abandoned. The market doesn’t forget. It just moves on.

UNN isn’t a coin you invest in. It’s a case study. A lesson. A graveyard of DeFi dreams.

Is UNN still being developed?

No. There have been no code commits, team updates, or protocol changes since 2021. The official website is inactive, and the GitHub repo hasn’t been touched in over four years. UNION Protocol is effectively abandoned.

Can I use UNN to vote on governance proposals?

Theoretically, yes-UNN was designed as a governance token. But there haven’t been any active proposals since 2021. No voting interfaces exist anymore. Even if you hold UNN, you have no way to participate in governance because the system is no longer operational.

Why is UNN’s price so low?

UNN’s price collapsed because the project failed to deliver real utility. After its 2021 peak, users lost interest, liquidity dried up, and developers disappeared. With no demand and no use case, the price followed the natural path of a dead project: near-zero value.

Where can I buy UNN today?

UNN is listed on Coinbase, Poloniex, and a few small exchanges. It’s not available on Binance, Kraken, or other major platforms. Trading volume is extremely low, and liquidity is poor. Buying UNN carries high risk due to slippage and lack of buyers.

Is UNN a scam?

It’s not a scam in the traditional sense-there’s no evidence of fraud or stolen funds. But it’s a failed project. The team stopped working on it, the community vanished, and the protocol is inactive. It’s not malicious-it’s just dead. Holding UNN now is like owning a ticket to a concert that was canceled years ago.

Should I invest in UNN if it’s cheap?

No. A low price doesn’t mean a good investment. UNN has no future roadmap, no active development, and no community. It’s a zombie token-trading only because some exchanges still list it. Investing in it is speculation based on hope, not facts. You’re far more likely to lose money than make it.

Author

Ronan Caverly

Ronan Caverly

I'm a blockchain analyst and market strategist bridging crypto and equities. I research protocols, decode tokenomics, and track exchange flows to spot risk and opportunity. I invest privately and advise fintech teams on go-to-market and compliance-aware growth. I also publish weekly insights to help retail and funds navigate digital asset cycles.

Comments

alex bolduin

alex bolduin

Sometimes i think about how we chase shiny objects in crypto like they're magic beans
UNN was never a bean though
it was a seed that got stepped on by the boot of hype
and now we're just picking up the dust

November 29, 2025 AT 14:52
Vidyut Arcot

Vidyut Arcot

I know it's easy to write this off as dead but i still believe in the idea behind UNION
maybe one day someone picks up the code and rebuilds it right
not with tokens as lottery tickets but as real tools for protection

November 30, 2025 AT 09:51
Jay Weldy

Jay Weldy

I remember when i first heard about UNION
thought it was genius
now i just feel sad
not because i lost money
but because i believed in something that just... stopped believing in itself

December 1, 2025 AT 15:13
Melinda Kiss

Melinda Kiss

This is such a heartbreaking example of what happens when passion meets poor execution. đź’”
People forget that crypto isn't just about charts - it's about people showing up, day after day.
UNN had potential, but no one stayed to build the future.

December 1, 2025 AT 18:24
Philip Mirchin

Philip Mirchin

Look, i'm from the US but i've seen this play out in India too - people rush in for the hype, then vanish when the lights go out.
UNN wasn't a scam, it was a casualty.
And honestly? We're all kind of guilty for not asking harder questions before buying.

December 2, 2025 AT 12:30
Britney Power

Britney Power

The entire DeFi space is a grotesque carnival of misplaced confidence, and UNN is merely the most pitifully underperforming clown in the ring.
One billion tokens circulating? That's not decentralization - that's a liquidity graveyard dressed up as a tokenomics model.
Anyone who still holds this is either delusional or complicit in the charade.

December 2, 2025 AT 17:28
Maggie Harrison

Maggie Harrison

UNN is like that one friend who promised to help you move... then ghosted you after the first box 🥲
Still have the box? Yeah. Still care? Not really.
But hey, at least it taught us something - real value doesn't need a ticker to matter.

December 3, 2025 AT 02:27
Lawal Ayomide

Lawal Ayomide

They vanished. That's it. No apology. No explanation. Just silence.
That's not failure. That's disrespect.

December 4, 2025 AT 19:12
justin allen

justin allen

Oh wow another crypto corpse being exhumed for drama?
Wake me up when someone actually builds something that doesn't collapse after three months of hype
US crypto is a joke - everyone wants to be a genius but no one wants to do the work

December 4, 2025 AT 20:33
samuel goodge

samuel goodge

The real tragedy isn't the price collapse - it's the erosion of trust.
UNION Protocol didn't just fail technically; it failed ethically.
When a team disappears, they're not just abandoning code - they're abandoning the social contract of decentralization.
That's why even the most speculative tokens still have a pulse - because their teams at least pretend to care.
UNN? It's a tombstone with a contract address.

December 5, 2025 AT 18:26
Greer Dauphin

Greer Dauphin

so i bought 10k unn at like $0.00018 last week
thought i was being clever
turns out i just paid $5 in gas to send it to my wallet
and now i have $1.80 worth of crypto that costs more to move than it's worth
lol

December 6, 2025 AT 04:11
Shari Heglin

Shari Heglin

The market does not reward speculation masquerading as investment.
UNN’s existence is a testament to the fragility of consensus-driven value systems in the absence of operational continuity.
One cannot retroactively assign utility to an abandoned protocol.

December 7, 2025 AT 17:37
Reggie Herbert

Reggie Herbert

UNN is a zombie token - dead but still walking because exchanges are too lazy to delist it.
It's not undervalued - it's undervaluing itself by existing at all.
Real governance tokens have DAOs, not ghost contracts.

December 7, 2025 AT 21:12
Murray Dejarnette

Murray Dejarnette

I still hold UNN. Why? Because i believe in second chances.
And because i'm not done fighting for the idea that crypto can be more than gambling.
Someone out there is still watching. Someone still cares. I'm not letting go until the last node goes dark.

December 8, 2025 AT 20:21
Sarah Locke

Sarah Locke

To everyone who says 'it's just a lesson' - yes, it is.
But lessons don't pay your rent.
And for the people who lost real money on this? It's not just a lesson - it's a wound.
Let's not romanticize failure. Let's just make sure the next one doesn't hurt as bad.

December 9, 2025 AT 04:37
Mani Kumar

Mani Kumar

This is why Indian crypto investors should avoid US-based DeFi experiments.
They’re built for hype, not for stability.
UNN is proof - American innovation without accountability is just noise.

December 10, 2025 AT 00:45
Tatiana Rodriguez

Tatiana Rodriguez

I used to think crypto was about building the future... now i just see a graveyard of abandoned websites and forgotten wallets.
UNN is just one of hundreds.
But it's the one that made me cry.
Not because i lost money.
Because i believed in the dream.
And the dream just... left.

December 11, 2025 AT 17:13
ashi chopra

ashi chopra

I never owned UNN, but i followed the project.
It felt like watching someone try to build a house with sand.
Beautiful design. No foundation.
And now the tide is back.

December 13, 2025 AT 06:30
Darlene Johnson

Darlene Johnson

I know what really happened.
UNION was a front for a private equity exit scam.
The team dumped their tokens early, then vanished.
The 'no updates' thing? That's the cover-up.
They knew the price would crash - and they planned it.
Don't be fooled by the 'not a scam' narrative - it's the same script every time.

December 13, 2025 AT 16:05
Ivanna Faith

Ivanna Faith

UNN is the definition of a ghost coin
no team no soul no future
but hey at least it still shows up on coinbase right?
thats something right?

December 15, 2025 AT 01:27
Akash Kumar Yadav

Akash Kumar Yadav

Western crypto projects always think they're special.
They launch with a whitepaper and vanish.
Meanwhile in India, we build quietly - no hype, no token, just code.
UNN died because it was built for attention, not utility.

December 15, 2025 AT 17:41
Bhoomika Agarwal

Bhoomika Agarwal

UNN didn't die - it was murdered by the crypto bros who wanted to flip it in 3 days.
They didn't want insurance.
They wanted a meme.
And now the meme is dead.
And so is the project.
Classic.

December 16, 2025 AT 00:04
Katherine Alva

Katherine Alva

I used to think the real value in crypto was in the code.
Now i think it's in the people who show up.
UNN had great code.
But no one showed up.
And that's the real failure.

December 16, 2025 AT 19:37
Nelia Mcquiston

Nelia Mcquiston

There's a quiet dignity in how quietly UNN disappeared.
No drama. No lawsuit. No tweetstorm.
Just... gone.
Like a candle snuffed out in an empty room.
It doesn't deserve to be remembered as a scam.
It deserves to be remembered as a lesson in humility.

December 17, 2025 AT 03:12
Mark Stoehr

Mark Stoehr

unnnnnn
still alive??
lol
imagine paying gas to move this
lolololol

December 17, 2025 AT 20:41

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