Uniswap (UNI)

DEX Rank #17 MODERATE
6.3 /10

Score breakdown

Unlock7/10
Tokenomics6/10
Insider7/10
Onchain6/10
Dev Activity2/10
Revenue5/10
Institutional6/10
Etf6/10
Market Structure9/10
Security9/10

Summary

Uniswap v4 launched on mainnet in February 2026, introducing hooks that let developers build customizable pool logic, which helped push protocol TVL above $8B (now $8.2B+ per DefiLlama). Institutional adoption deepened as BlackRock's BUIDL fund (~$3.8B) and Fidelity's FBTC became tradeable directly on Uniswap, reinforcing the protocol's role as on-chain settlement infrastructure for traditional finance. The fee switch, now activated across 12 chains, generated roughly $1.4B in protocol fees in 2025 and gives UNI holders a growing claim on protocol revenue. Unichain, Uniswap's dedicated L2, has processed over 50M transactions, expanding the ecosystem beyond Ethereum mainnet. Risks include intensifying competition from other DEXs and L2-native exchanges, plus ongoing regulatory uncertainty over UNI's classification. Strengthening fundamentals support the recent score increase from 7.5.

Coin mood

7 days: Neutral (2 headlines) ยท 24 hours: No headlines โ€” headline sentiment from News Pulse

Disclaimer: This analysis is for informational purposes only and is not investment advice. Crypto investments carry high risk. DYOR โ€” Do Your Own Research.