Uniswap Labs
Largest DEX by volume. AMM pioneer.
The DeFi token is up 20% in a day, with a Standard Chartered note and Uniswap's tokenized-stock launch fueling fresh demand.
UNI surged after Standard Chartered set a $100 long-term target, and HYPE and solana led a broad altcoin bid. Bitcoin held near $66,000 as oil fell to a three-month low and the Fed met for the first time under Kevin Warsh.
A handful of tokens continued their run while bitcoin and the rest of the crypto market stalled after the early week bounce.
Stellar (XLM), up 2.7% from Monday, joined Uniswap (UNI) as a top performer.
Stellar’s XLM, Injective’s INJ and Uniswap’s UNI ranked among the best performers in the 100 biggest cryptocurrencies by market capitalization.
Standard Chartered Bank has initiated coverage of Uniswap and forecasts its UNI token could rise 40x to $100 by the end of 2030.
Uniswap’s native token UNI is set to surge nearly fortyfold in the coming years as Wall Street migrates on-chain, Standard Chartered said.
Solana (SOL), up 2.6% from Wednesday, was also a top performer.
The deal underscores the trend of traditional asset managers backing DeFi infrastructure, following BlackRock's Uniswap and Apollo's Morpho investments.
Uniswap (UNI), down 2.9% from Monday, joined Aave (AAVE) as an underperformer.
A blockchain analyst has warned that malicious phishing advertisements impersonating Uniswap have appeared on Google Search, which has netted attackers at least $400,000.
Bittensor (TAO) gained 2.1%, joining Uniswap (UNI) as a top performer.