$UNI Uniswap today is the most visible large-cap in DeFi. The price is around $9.7 to $10.5, and intraday it can reach double digits. Once protocol fees are enabled, trades are expected to be converted into burn or buyback expectations; a large portion of the speculative flow on the Robinhood chain goes through Uniswap, which effectively adds an incremental pipeline. The logic of a DEX leader is simple: the more active the market is, the fatter the fee pool. The shortcoming is that on competing chains, aggregators and order books will grab market share, and token unlocks plus governance volatility can also weigh on valuations. Choosing UNI means betting on “the cash-siphoning machine rising first when trading activity warms up,” not betting on a single Meme.