Uniswap saw a jump in network activity this week after new institutional price expectations for its UNI token hit the markets and social media.
According to a report by Santiment, whale transactions on the network reached a 7-month high while active whale addresses climbed to a four-month peak.
Whale Transactions Rise
The uptick came as traders reacted to a long-term forecast by the Standard Chartered research team led by Geoff Kendrick that placed UNI at $100 by 2030. The team tied their outlook to an expected jump in tokenized assets that will move on-chain in the next couple of years, with their estimate standing at about $4 trillion by the end of 2028, up from about $340 billion today.
Furthermore, the researchers noted that tokenized assets active on DeFi will multiply at least 37 times in the next four years, with the implication being that the exact same growth could be seen in Uniswap’s liquidity pools.
According to them, Uniswap is well-placed to capture that growth, considering its role as a general-purpose trading infrastructure, its longevity and brand recognition, and its dominance in trading highly correlated asset pairs, given that it’s the biggest DEX in the market right now.
In relation to that, last weekend, Uniswap confirmed that tokenized equities such as Apple, Tesla, and NVIDIA were now accessible through its app and API. Furthermore, earlier in the year, the protocol enabled trading access for BlackRock’s BUIDL tokenized fund through UniswapX, with the resulting attention helping its token climb 40%.
Standard Chartered’s price prediction for UNI was direct: it goes to $6.50 by the end of this year, hits $20 by 2027 and reaches $40 by the end of 2028. After that, Kendrick and co. see the cryptocurrency going up to $65 by 2029 and $100 before the curtains fall on 2030.
The above would represent a 40x increase from the level at which UNI was trading when the note was published, with the bank also projecting that the #45 token could outperform both Bitcoin and Ethereum across that timeframe.
“Uniswap shocked traders with a +24% surge and massive whale activity and volume,” Santiment reported on X.
That was on June 17, and a day later, the on-chain analytics platform came back with more big news: that active addresses had hit a 4-month high, and whale transactions had gone up enough to match their level from seven months ago.
UNI Price Action
Looking at the price charts, UNI was trading near $3.10 at the time of writing, although it touched $3.65 at some point in the last 24 hours, its highest level since mid-May, according to CoinGecko data.
The token has gained almost 24% in the past week and over 16% across 14 days. However, it is still in the red over one month by nearly 12%, and year-on-year it’s down 58%.
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