Network activity for the Uniswap decentralized exchange surged this week following a major institutional price prediction for its UNI token. On-chain data showed whale transactions hitting a seven-month high and active whale addresses reaching a four-month peak. The increased activity coincided with a forecast from Standard Chartered researchers projecting UNI could reach $100 by 2030, driven by growth in tokenized assets.
Uniswap saw a jump in network activity this week after new institutional price expectations for its UNI token hit the markets and social media. Whale transactions on the network reached a seven-month high while active whale addresses climbed to a four-month peak, according to on-chain analytics platform Santiment.
The uptick came as traders reacted to a long-term forecast by the Standard Chartered research team. The team’s outlook tied UNI’s potential growth to an expected surge in tokenized assets moving on-chain, projecting the market could reach $4 trillion by 2028 from about $340 billion today.
The researchers noted that tokenized assets active on decentralized finance could multiply at least 37 times in the next four years. They stated Uniswap is well-positioned to capture this growth due to its role as general-purpose trading infrastructure and its market dominance.
Last weekend, Uniswap confirmed that tokenized equities such as Apple, Tesla, and NVIDIA were now accessible through its app. Earlier this year, the protocol also enabled trading access for BlackRock’s BUIDL tokenized fund through UniswapX.
Standard Chartered‘s specific price prediction projected UNI reaching $6.50 by year-end 2024, $20 by 2027, and $100 by 2030. “Uniswap shocked traders with a +24% surge and massive whale activity and volume,” Santiment reported.
Looking at price charts, UNI was trading near $3.10, having touched $3.65 in the last 24 hours for its highest level since mid-May. The token gained almost 24% in the past week but remains down nearly 12% over one month and 58% year-on-year.
