Uniswap Price Reverses as Key Risks Outweigh the Bullish StanChart Forecast

Key Insights

• Uniswap price has slipped by over 17% from its highest level this week.
• Standard Chartered delivered a highly bullish UNI price forecast this week.
• Key network stats shows that the network is struggling.

Uniswap price retreated sharply on June 18 as crypto markets weakened following the Federal Reserve’s latest policy decision. UNI fell to $3.08, down more than 17% from its weekly high, as traders locked in profits after a strong rally triggered by a bullish forecast from Standard Chartered.

Despite long-term optimism surrounding tokenized real-world assets, current network data shows Uniswap continues to face slowing activity across several key metrics.

Standard Chartered Sees Long-Term Upside for UNI

In a surprise report this week, a top analyst at Standard Chartered argued that Uniswap price was highly undervalued. He predicted that the token would eventually jump 10x over time as he compared it to Netflix.

His basis is that Uniswap had a large room for growth as the real-world asset (RWA) tokenization industry surges. Indeed, a separate report predicted that the EWA industry would grow from $65 billion today to over $30 trillion in the coming years.

The analyst also noted that Uniswap has been around for many years and has never had a major security issue. He now expects the UNI price to jump to $6.5 by the end of this year, then to $20 in 2027, $40 in 2028, and $100 in 2030.

Uniswap is Facing Major Risks

Despite the bullish Uniswap price forecast, the token faces some major risks ahead. One of the key risks is that its attempts to diversify into the layer-2 industry has not worked out well.

Data shows that Unichain, the L2 network it launched in 2025, has largely collapsed, with its total value locked (TVL) falling from $880 million in July last year to $23 million today. Its stablecoin supply has plummeted from $425 million to $141 million, while its chain fees fell to just $15,000 this quarter. At its peak, Unichain made over $1.7 million in fees.

The same trend is happening with Uniswap itself. DeFi Llama data shows that its total value locked has dropped to $3.12 billion from a record high of over $10 billion.

Most importantly, the volume the network is handling has plummeted this year. While this decline is because of the crypto winter, the rising competition from perpetual futures platforms like Hyperliquid, Aster, and Lighter has contributed.

Uniswap has handled volume worth over $28 billion this month, down from $36 billion last month. It has been in a strong downtrend after peaking at $125 billion in October last year.

This slowdown has affected its fees, which have dropped to $119 million this quarter from $151 million in the previous one. Its quarterly network fees peaked at $491 million in Q4’2021.

In contrast, investors have turned to Hyperliquid and other perpetual futures protocols. For example, Hyperliquid has handled perpetual volume worth over $166 billion this month. This surge is due to its diversification into RWA assets such as crude oil, gold, and the stock market.

As a result, its network fees have been substantial this year. It made over $174 million this quarter, down from $218 million in Q1. Chances are that the second-quarter fee will be higher than what it made in the first quarter.

UNI Price Technical Analysis

The four-hour chart shows that the UNI price surged to a high of $3.715 this week after the Standard Chartered forecast. At its peak, it was up by over 60% from its lowest point this year.

The token then suffered a sharp reversal as investors began to book profits and the Fed delivered a highly hawkish interest rate decision. It has now slipped below the 50% Fibonacci Retracement level. Also, the Relative Strength Index (RSI) has moved from the extreme overbought zone of 90 to 54.

Therefore, the most likely Uniswap price prediction is bearish, with the next key target being at $2.5. This outlook will be canceled if bulls manage to push it above this week’s high of $3.715.

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