One DeFi Project Is Flying Under the Radar, Says Bitwise’s Matt Hougan

Bitwise CIO Matt Hougan believes Uniswap (UNI), a major DeFi project on Ethereum, is significantly undervalued with a market cap of around $6 billion. Comparable to the 400th largest global financial firm.

He attributes this to regulatory uncertainty. Which may ease as the SEC works toward clearer crypto guidelines. Despite being one of the top decentralized exchanges, Uniswap ranked third in volume and generated $487 million in fees over six months ending May 31. Meanwhile, Ethereum ETFs saw a record $5.4 billion in net inflows in July. Highlighting rising institutional interest in the crypto space.

Clever Robot News Desk 7^th August 2025