Most people still value
$UNI like it’s just a DEX token.
That thesis is getting outdated.
The SEC just created a temporary regulatory pathway for tokenized U.S. stocks to trade through AMM-based venues.
And what does Uniswap have?
• v4 AMM infrastructure
• Permissioned pools
• Tokenized stocks already entering the ecosystem
• A fee/burn mechanism for UNI
• A massive existing liquidity network
If tokenized equities become a real onchain market, Uniswap isn’t just competing for crypto swaps.
It can become part of the liquidity infrastructure for the stock market itself.
$UNI at $8.62 = ~$5.35B market cap.
$100 UNI = ~$62B.
The question isn’t whether $100 is mathematically possible.
The question is how much of the world’s tokenized financial volume ultimately flows through Uniswap.