Published: February 12, 2026 | Current Price: $3.43
Uniswap (UNI) is the governance token of the leading decentralized exchange on Ethereum and multiple L2s, using an automated market maker (AMM) model to enable permissionless swaps. With over $4 trillion in cumulative trading volume and recent expansion to new chains like OKX’s X Layer, Uniswap remains a core pillar of DeFi—but UNI’s price has lagged its fundamentals since the 2021 peak.
Current Market Overview
At the time of writing, UNI trades near $3.43, up around 1.5% in the last 24 hours.
- Market Cap: $2,177,577,359
- 24h Trading Volume: $989,356,372
- Circulating Supply: 634,245,563 UNI
- All-Time High: $44.97 (May 3, 2021)
- All-Time Low: $0.419 (September 17, 2020)
Data source: Uniswap (UNI) live listing on CoinMarketCap. :contentReference[oaicite:26]{index=26}
Technical Analysis: Key Levels to Watch
UNI is trading at a deep discount relative to its historical ATH, essentially repricing UNI as a mid-cap governance token rather than the flagship DeFi token it once was.
- Major Support Levels: $3.00, $2.50, $2.00
- Major Resistance Levels: $4.50, $6.00, $8.00
- Key Technical Focus:
- A sustained move above $4.50–$5.00 would confirm a break from the long accumulation range.
- UNI needs higher highs and higher lows on the daily and weekly timeframe to signal a structural trend shift.
- High volume breakouts during DeFi narrative spikes tend to be strong clues for UNI’s next leg.
Fundamental Drivers & Catalysts for 2026
- DeFi Dominance: Uniswap remains one of the most used DEXs in crypto, with massive cumulative volume and a strong brand among traders and liquidity providers.
- Multi-Chain Expansion: Deployments on Ethereum mainnet, multiple L2s (Arbitrum, Optimism, Base, etc.), and chains like X Layer expand UNI’s addressable liquidity and fee base.
- Governance & Fee Switch: UNI holders can, in theory, activate a “fee switch” that directs a portion of protocol fees to token holders or the treasury—any progress here could be a major catalyst for repricing.
- DeFi Regulation: As regulators focus more on DeFi, Uniswap’s compliance approach and front-end strategy will influence how comfortable institutions feel engaging with UNI.
- Competing DEXs: Protocols like Curve, Sushi, GMX, and newer perps DEXs create competition for liquidity, but Uniswap’s network effects remain strong.
You can monitor UNI’s real-time price and volume on Tapbit’s price board and trade via Tapbit Login.
Price Prediction Overview for 2026
Given Uniswap’s entrenched position in DeFi, UNI is often viewed as a high-beta DeFi index play. Key scenario ranges for 2026 might look like this:
- Bullish Case: A strong DeFi revival and potential fee-switch or value-capture upgrades could send UNI into the $12–$18 zone.
- Base Case: UNI trades between $5–$10, reflecting healthy but not euphoric DeFi conditions.
- Bearish Case: DeFi remains out of favor, keeping UNI around $3–$5 or lower.
Potential Price Scenarios for 2026
| Scenario | Price Target | Required Catalyst | Probability (Subjective) |
|---|---|---|---|
| Bullish (DeFi Comeback) | $12–$18 | Major DeFi bull market, fee-switch/ value-capture changes, institutional liquidity | Medium |
| Moderate Upside | $7–$10 | Gradual TVL and volume recovery, positive macro backdrop | High |
| Sideways / Range | $4–$7 | UNI tracks the wider market without unique catalysts | Medium |
| Bearish | $3–$4 | Regulatory pressure or DeFi stagnation suppresses UNI demand | Low–Medium |
How to Trade UNI on Tapbit
- Sign up at Tapbit Register and complete the KYC process.
- Deposit USDT or other supported stablecoins.
- Search for the UNI/USDT pair on Tapbit’s spot exchange.
- Consider dollar-cost averaging and clear profit targets due to UNI’s volatility.
Conclusion & Investment Outlook
Uniswap (UNI) remains a core DeFi asset with strong protocol fundamentals but a governance token that has not yet fully captured that value. For investors who believe DeFi will regain market share in the next cycle, UNI offers leveraged exposure to that thesis. As always, regulatory developments and technical upgrades will be crucial to watch in 2026.
Trade UNI on Tapbit → Check real-time UNI quotes and liquidity via Tapbit Price.
Disclaimer: This UNI forecast is speculative and for educational purposes only. Do not treat it as investment advice.
