# Should You Buy Uniswap (UNI)? Supply, Demand and Price Drivers (Oct 2026)

*Live page: https://mrnasdog.com/research/uni · checked Oct 11 2026*

Our read on Uniswap for Oct 11 2026: a **positive** long-run signal and a score of 7.5/10, from new supply, demand and what moves the price.

- **Signal:** positive (by the law of supply and demand)
- **Score:** 7.5/10 — supply 3.5/5, demand 4/5
- **Supply growth:** +0.15% in 90 days · +0.60% in a year
- **How much people want it:** strong (4/5)
- **Price drivers:** 1 ▲ price up · 1 ▼ price down

## Supply — new UNI in the next 90 days

Uniswap's fee switch burns UNI about as fast as the DAO treasury pays out its 5M-a-quarter growth budget, so supply sits near flat.

Over the next 90 days UNI supply changes +0.15%; across a full year, +0.60%. That puts supply at 3.5/5 (steady).

## Demand: how much people want UNI

People's appetite for Uniswap is **strong**: 4/5, ranked #9 of 110.

A deeper UNI demand breakdown is on the page for members.

## UNI price drivers

Besides supply and demand, we track 3 price drivers for Uniswap: 1 ▲ and 1 ▼ right now.

### ▼ DAO treasury

DAO treasury holds roughly 260M UNI and keeps paying some out.

Treasury keeps its UNI → price up · Treasury pays out UNI → price down. Now: ▼ down side.

| Date | DAO treasury |
|---|---|
| Jul 31 2026 | 267 M UNI |
| Aug 31 2026 | 267 M UNI |
| Sep 30 2026 | 267 M UNI |
| Oct 10 2026 | 262 M UNI |

*Checked Oct 10 2026*

### ▲ Fee switch votes

Since Dec 25 2025, DAO votes have only widened the fee switch.

Good for the price: More fees to burns. Bad for it: Fee switch cut back. Today: the price-up case.

| Date | What happened / what is coming |
|---|---|
| Dec 25 2025 | Fee switch vote passes |
| Dec 28 2025 | 100M UNI burned |
| Feb 24 2026 | 8-chain fee vote opens |
| Mar 4 2026 | Fees on 8 more chains |

*Checked Oct 10 2026*

### • ETF and futures

CME UNI futures start Oct 19 2026; the ETF is still pending.

Good for the price: ETF and futures open. Bad for it: ETF denied.

| Date | What happened / what is coming |
|---|---|
| Feb 5 2026 | Bitwise UNI ETF filed |
| Sep 22 2026 | CME futures announced |
| Oct 19 2026 | CME UNI futures start (coming) |
| No date yet | SEC decides on ETF (coming) |

*Checked Oct 10 2026*

## Questions about UNI

### Is it a good time to buy Uniswap today?

By the law of supply and demand, Uniswap's long-run signal is positive (Oct 11 2026, score 7.5/10). New supply: +0.15% in the next 90 days. Demand: strong (4/5). Uniswap's price drivers: 1 ▲ price up, 1 ▼ price down.

### Uniswap or Hyperliquid: which DEX token reads better?

Hyperliquid reads better today: 8.5/10 vs 7.5/10 for Uniswap on Oct 10 2026. Both add little new supply, +0.13% vs +0.15% in 90 days. The gap is demand, very strong for Hyperliquid (4.5/5) and strong for Uniswap (4/5). Our supply-and-demand read for Uniswap stays positive.

### Is there a UNI ETF, and what comes first?

Not yet; the UNI ETF is still pending. CME UNI futures come first, starting Oct 19 2026, 9 days from now. Futures give big traders a new way to trade UNI, while the DAO keeps paying out from its roughly 260M UNI treasury. That leaves Uniswap's long-run signal at positive, by supply and demand.

### Can Uniswap reach $100?

At $100, Uniswap would be worth about $62B in total — about 11 times its $5.54B market cap today (Oct 11 2026, about $8.93 a coin). Uniswap's supply also grows +0.60% in the next year, so every extra coin needs buyers too. That leaves Uniswap's long-run signal at positive, by supply and demand.

### Should I sell my Uniswap now?

Uniswap's signal is positive for now. Uniswap's signal would turn if new supply jumps (today +0.15% in 90 days), or demand falls from strong, or DAO treasury keeps pointing down. The next date on Uniswap's calendar: Oct 19 2026 — CME UNI futures start.

### Is Uniswap a good long-term investment?

Uniswap sits at 7.5/10 today (Oct 11 2026): supply 3.5/5, demand 4/5. One more year adds +0.60% to Uniswap's supply. Long-run signal: positive.

### When is a good time to buy Uniswap?

By the law of supply and demand, the better time to buy Uniswap is when its new supply is low, demand is high and its price drivers point up. Uniswap today: +0.15% new supply in 90 days (steady), demand strong (4/5), drivers 1 ▲ / 1 ▼.

### What could push Uniswap's price up or down?

Right now 3 things drive Uniswap's price (1 ▲, 1 ▼). ▼ DAO treasury: DAO treasury holds roughly 260M UNI and keeps paying some out. ▲ Fee switch votes: Since Dec 25 2025, DAO votes have only widened the fee switch. • ETF and futures: CME UNI futures start Oct 19 2026; the ETF is still pending.

### Is Uniswap a better investment than Bitcoin?

Side by side on Oct 11 2026: Uniswap at 7.5/10 with a positive signal, Bitcoin at 8.5/10 with a positive signal. By supply and demand, Uniswap is the weaker of the two.

## Read more on UNI

- Every UNI unlock and burn, explained: https://mrnasdog.com/research/uni/inflation
- Compare UNI with 100+ coins: https://mrnasdog.com/coins
- The method behind the UNI score: https://mrnasdog.com/research/pressure-framework/full

*Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice.*