HayCoin was launched in 2018 as the first ERC-20 memecoin deployed on Uniswap. Initially, Hayden Adams, the founder of Uniswap, created HayCoin as a low-gas experimental token. At the time of its launch, trading volume was negligible. However, the meme coin later experienced a dramatic revival. The surge of community attention and speculation took Adams by surprise and ultimately led him to burn nearly the entire HAY supply held in his wallet.
Haycoin is one of the most unusual meme tokens in the crypto space, as it was not created for investment or fundraising, but originated from an early technical experiment on Ethereum. Haycoin was created in 2018 by Hayden Adams, who later became the founder of Uniswap. At the time, Haycoin was simply a test token used to explore basic ERC-20 concepts, with no commercial intent and no plans for public use.
For many years, Haycoin remained largely forgotten, existing quietly with no community, no marketing, and almost no trading activity. What makes Haycoin unique is its historical connection to Hayden Adams and the early days of Uniswap. This background later turned Haycoin into a symbolic asset rather than a traditional meme coin driven by hype alone.
In 2023, Haycoin suddenly regained attention from the crypto community. Stories about an old test token created by the founder of Uniswap began circulating widely on social media, especially on Twitter. This renewed interest triggered a sharp price surge in a very short period of time. With an extremely limited supply and low liquidity, Haycoin experienced intense volatility once traders and collectors rediscovered it.
Haycoin’s price movement was driven not by a roadmap or utility, but by its story, history, and symbolic value. Many people view Haycoin as a “relic token” that represents the early era of Ethereum and decentralized finance, long before Uniswap became a core protocol of the ecosystem. This historical narrative is what separates Haycoin from typical meme coins focused purely on entertainment.
Today, Haycoin is often seen as a collectible-style meme token for those interested in crypto history and the origins of DeFi. While it has no official development team or long-term expansion plan, Haycoin stands as a clear example of how narrative and historical context can create value in the meme coin market. Its potential lies not in new technology, but in its unique place within the history of Ethereum and Uniswap.