The governance token of Uniswap, UNI, surged more than 19% over the past 24 hours, reaching a local high of $3.70 and significantly outpacing both Bitcoin and Ethereum. This rally follows a bullish research note from banking giant Standard Chartered projecting massive long-term gains.
Analyst Geoff Kendrick set a target of $100 for UNI by 2030, arguing institutions should view the DEX as critical market infrastructure. Consequently, he likened Uniswap to YouTube and Coinbase to Netflix in his assessment of their respective roles.
This institutional optimism is bolstered by the platform’s recent expansion into tokenized securities. On June 12, Uniswap made stocks like SpaceX, Apple, Tesla, and NVIDIA tradable across its entire ecosystem. The company noted this launch represented only a “small fraction of what’s coming.”
Meanwhile, fundamental metrics show strong protocol performance. Ark Invest researcher Lorenzo Valente highlighted that Uniswap posted a record $125 billion in monthly volume last October. He also noted the protocol has reclaimed its top spot among DEXs, commanding 25–30% of total decentralized exchange volume.
Even with this momentum, UNI trades far below its all-time high of $44.92. However, the token’s supply is decreasing due to a fee-switch upgrade, which burns roughly 1% of the total supply annually.
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