Uniswap Network Activity Surges on $100 Price Forecast
Uniswap experienced a significant increase in network activity this week, fueled by new institutional price expectations for its UNI token that circulated across markets and social media.
According to a report by Santiment, transactions involving “whale” accounts on the network reached a seven-month high, while the number of active whale addresses climbed to a four-month peak.
This uptick coincided with traders reacting to a long-term forecast from Standard Chartered’s research team, led by Geoff Kendrick. The team projected UNI could reach $100 by 2030, linking this outlook to an anticipated surge in tokenized assets moving on-chain in the coming years. They estimate the value of these assets could grow to approximately $4 trillion by the end of 2028, a substantial increase from the current $340 billion.
The researchers further noted that tokenized assets active within decentralized finance (DeFi) are expected to multiply at least 37 times over the next four years. This growth trajectory implies a similar expansion could be mirrored in Uniswap’s liquidity pools.
Standard Chartered believes Uniswap is strategically positioned to capitalize on this growth, citing its role as a general-purpose trading infrastructure, its established brand recognition, and its current dominance as the largest decentralized exchange (DEX) in the market, particularly in trading highly correlated asset pairs.
In line with this, Uniswap confirmed last weekend that tokenized equities from companies like Apple, Tesla, and NVIDIA are now accessible via its app and API. Earlier this year, the protocol also facilitated trading access for BlackRock’s BUIDL tokenized fund through UniswapX, an development that contributed to a 40% rise in its token’s value.
The bank’s price prediction for UNI is detailed: $6.50 by the end of this year, $20 by 2027, and $40 by the end of 2028. Looking further ahead, Kendrick and his team foresee the cryptocurrency reaching $65 by 2029 and $100 before the close of 2030.
This projected trajectory represents a 40-fold increase from UNI’s trading level at the time the note was published. The bank also anticipates that the token, currently ranked #45 by market capitalization, could outperform both Bitcoin and Ethereum over the same period.
“Uniswap shocked traders with a +24% surge and massive whale activity and volume,” Santiment reported on X.
This surge occurred on June 17. The following day, the on-chain analytics platform provided further details, confirming that active addresses had reached a four-month high and whale transactions had increased to levels not seen in seven months.
As of this report, UNI was trading near $3.10, according to CoinGecko data. It had touched $3.65 in the preceding 24 hours, its highest point since mid-May.
The token has seen a gain of nearly 24% over the past week and over 16% in the last 14 days. However, it remains down by nearly 12% over the past month and is down 58% year-on-year.
Leave a Reply