Uniswap [UNI] at $100: The way forward for decentralized exchanges

Key Takeaways 

Can UNI attain $100 this cycle? 

Extremely unlikely, given the market notion of being a VC coin with no buybacks. 

What can change for the psychological goal to be hit?

If UNI begins a buyback program and captures present scorching narratives like perps, the prospect of hitting $100 may enhance. 

The present main narratives are prediction markets, perpetuals and stablecoins, sidelining platforms like Uniswap [UNI] that deal with spot swaps.

In consequence, perps-focused decentralized exchanges (DEXes) like Hyperliquid [HYPE], Aster [ASTER] have been doing huge volumes. However Uniswap may nonetheless make a rebound. 

The platform now has UniswapX, an aggregator of DEXes that permits customers to get the quickest and most cost-effective routes to commerce.

With DeFi brokers, real-world tokenization and stablecoin yields, these narratives may additionally gas Uniswap’s progress. 

Can UNI eye $100?

If Uniswap captures the hypothesis meta through perps and prediction markets, a path in direction of $100 may very well be possible. The truth is, Jupiter [JUP] acts as Solana’s [SOL] liquidity base, like Uniswap does to the Ethereum [ETH] ecosystem. 

However Jupiter is increasing to perps. Uniswap may gain advantage from all these narratives if it consists of perps, too.  

 As of writing, UNI was valued at $8 and has been caught in $4-$18 value vary since 2024. It was down over 80% from the 2021 peak stage of $44. 

Supply: UNI/USDT, TradingView

Assuming the This fall rally performs out for altcoins and BTC dominance slips, UNI may eye $12 and the range-high at $17-$20 value zone. That might be 60% or 130% potential achieve, respectively, if hit. 

A bullish breakout from this two-year vary may elevate the chances of surging to final cycle’s $44 stage. 

But when the present sideways construction persists, then UNI may take an extended interval to succeed in the $100 goal.

DEX volumes surge however worth lags

That mentioned, the DEX did a formidable quantity of quantity in H2.

The month-to-month DEX quantity jumped from $91 billion in June to a peak of $143 billion in August. And revenues adopted from $93 million to $160 million, rivalling even Hyperliquid. 

Supply: DeFiLlama

Nevertheless, there is no such thing as a worth accrual for UNI like Hyperliquid makes use of its income to purchase again HYPE. 

The truth is, final month, Jeff Dorman took a swipe at Uniswap founder, stating that the UNI is a “nonsense token” except they start buybacks. 

Supply: X

Briefly, a optimistic market sentiment (token buybacks) and capturing the continued narratives may very well be essential for UNI’s range-breakout. 

With out these catalysts, the altcoin may wrestle to hit the $100 psychological stage. 

Disclaimer: The knowledge offered doesn’t represent monetary, funding, buying and selling, or different varieties of recommendation and is solely the author’s opinion