Uniswap’s UNI token traded at $5.78 at 06:24 UTC on November 13, 2026, according to CoinGecko, following a 23.75% decline over the past 30 days. The platform’s market capitalization stood at $3.51 billion at that time, reflecting broader declines observed across the decentralized exchange (DEX) sector.
Recent performance and market snapshot
Over the previous 24 hours, UNI’s price dropped 6.71%, while the seven-day decline registered at 17.49%. One-year performance data revealed a 29.07% reduction as of November 13, 2026. Uniswap’s all-time high stands at $44.92, recorded on May 2, 2021, with the all-time low at $1.03. Current price levels remain significantly beneath the 2021 peak, with no indication that past highs guarantee future outcomes.
At the reference time, Uniswap’s circulating supply was 607.70 million UNI, and daily trading volume reached $511.44 million. The recorded range for the previous 24 hours was between $5.65 and $6.21. The Crypto Fear & Greed Index on this date registered at 20, reflecting “Extreme Fear,” highlighting negative investor sentiment.
| Metric | Value |
|---|---|
| UNI price | $5.78 |
| Market capitalization | $3.51 billion |
| 24-hour trading volume | $511.44 million |
| 24-hour range | $5.65-$6.21 |
| Circulating supply | 607.70 million UNI |
Activity, token economics and new developments
DeFiLlama reported that Uniswap processed $63.774 billion in DEX trading volume over 30 days leading up to November 12, 2026. The protocol demonstrated $3.419 billion in total value locked and generated $76.17 million in fees during this period. Since December 2025, a portion of protocol fees has been allocated toward burning UNI tokens. As of November 13, 2026, all token allocations to teams, investors, and advisors had vested, and no further unlocks remain pending. Governance holds the authority to mint up to 2% of total supply each year, though no such action had been taken by the snapshot date.
Uniswap’s October 2026 launch of Aggregator Hooks connected seven external liquidity sources to its v4 routing. According to Uniswap Labs, these sources cover more than 90% of DEX activity on Ethereum, Base, and Robinhood Chain, with protocol fees from routed swaps now contributing to token burns. The company also highlighted the development of a v4 gateway for Japan in partnership with SMBC Nikko and Nethermind, targeting mid-2027 for completion.
Mini dictionary: Uniswap Labs — the development company behind Uniswap, overseeing innovations and collaborations that enhance protocol utility and adoption.
Bitwise filed a registration statement for a spot UNI ETF in February 2026. However, this filing does not guarantee SEC approval. Uniswap Labs also reported that a September 2026 SEC order granted a five-year exemption for qualifying Tokenized Securities Venues, potentially broadening protocol activity but with uncertain impact on token demand.
Analyst perspectives and price scenarios
Geoffrey Kendrick, an analyst at Standard Chartered, set a year-end 2030 target of $100 for UNI, outlining a path that predicts $6.50 at the end of 2026, $20 in 2027, $40 in 2028, and $65 in 2029. These projections rely on optimistic assumptions about protocol adoption, token burns, and regulatory clarity, with no assurance of actual realization.
Standard Chartered analyst Geoffrey Kendrick projected a possible $100 UNI price by 2030, referencing protocol use and tokenomics. However, he cautioned that risks stemming from regulation and competition remain significant.
| Year | Bearish range | Base range | Bullish range |
|---|---|---|---|
| 2026 | $3.50-$5.50 | $5.50-$7.00 | $7.00-$10.00 |
| 2027 | $3.00-$8.00 | $10.00-$20.00 | $20.00-$30.00 |
| 2028 | $4.00-$12.00 | $20.00-$40.00 | $40.00-$60.00 |
| 2029 | $5.00-$18.00 | $30.00-$65.00 | $65.00-$85.00 |
| 2030 | $5.00-$25.00 | $50.00-$100.00 | $100.00-$150.00 |
The ranges above illustrate how shifts in demand, adoption, protocol fees, and regulatory outcomes could influence UNI’s future trading levels. The base scenario generally aligns with Kendrick’s projections, while the bearish and bullish ranges reflect the possible extremes.
Risks and uncertainties
UNI is vulnerable to swings in market sentiment, competitive pressure from other DEXs, potential protocol failures, and changing regulatory landscapes. Past upgrades, such as protocol fee burns and new routing mechanisms, do not guarantee sustained growth or higher prices. Regulatory changes involving decentralized exchanges, tokenized securities, and investment vehicles could alter protocol usage and access.
Regulatory decisions, technical risks, competition, and market sentiment remain central risks for UNI, with no guarantee that positive catalysts will drive prices higher or prevent substantial losses.
Investors also face non-negligible risks related to exchange outages, custody problems, and fraudulent activity. Protocol governance may authorize new token minting, which could dilute existing holders if exercised.
