Uniswap Could Join the Global Financial Elite – If Not for Regulatory Uncertainty, Says Bitwise CIO

Uniswap — the decentralized exchange that shook up the crypto world — could be worth far more if it weren’t held back by unclear regulations, according to Matt Hougan, Chief Investment Officer at Bitwise. Currently valued at around $6 billion, Uniswap could rank among the top 400 financial institutions in the world. “Uniswap at $6 billion is undervalued,” Hougan wrote on X. “If it were a traditional company, it would be comparable in size to Norway’s Storebrand — and that’s already global league.”

💬 A Token Without Rights? For Now, Yes. However, Hougan’s statement quickly sparked pushback. Critics noted that the $UNI governance token doesn’t give holders any claim to profits, ownership, or dividends — in short, no actual “ownership” value. Tom Lombardi from Cicada Partners responded: “Exactly. You can’t compare the $UNI token to company shares. But if we’re talking about the value of Uniswap Labs as a company, that’s a different story.” Still, Hougan stands by his view — everything depends on regulatory change. If the environment shifts to allow tokens to be directly tied to earnings, $UNI’s value could skyrocket.

📈 Uniswap Is Waiting for Its Moment According to CoinMarketCap, Uniswap has a market cap of over $6.1 billion. That’s impressive, especially for a DEX that operates without a corporate structure and still rivals centralized exchanges in trading volume. The issue is that Uniswap Foundation has not yet introduced any system to link the $UNI token with protocol revenue. And any such move could attract regulatory scrutiny from the SEC.

📜 The SEC’s “Project Crypto” Might Unlock Real Value Hope comes in the form of the U.S. Securities and Exchange Commission’s new initiative — “Project Crypto.” It aims to modernize how digital assets are regulated. And if the initiative allows direct profit-sharing with token holders, it could reshape the entire space. As Hougan notes: “We might be just a few regulatory changes away from $UNI becoming a true equity-like token with real cash flow.”

#uniswap , #defi , #crypto , #Regulation , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“