One DeFi Crypto Project Should Be Much Bigger in Valuation, According to Bitwise CIO Matt Hougan

The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum (ETH) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap (UNI), which is approximately $6 billion, currently “feels too small. source: https://dailyhodl.com/2025/08/06/one-defi-crypto-project-should-be-much-bigger-in-valuation-according-to-bitwise-cio-matt-hougan/