Arithmetic on today's supply, not a forecast. It assumes nothing about whether Uniswap could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Uniswap has 620,161,039 UNI in circulation at $6.3800 each, which is $3.96B. Holding that supply still and putting UNUS SED LEO's $8.33B in its place gives $13.4375 per UNI.
A 2.11x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy UNI at that level, which is the part that actually decides a price.
$13.4375 per UNI. That is UNUS SED LEO's current market capitalisation of $8.33B divided across the 620,161,039 UNI in circulation.
2.11x. Uniswap trades at $6.3800 today and UNUS SED LEO's market cap is $8.33B against Uniswap's $3.96B.
No. It is one division: UNUS SED LEO's market capitalisation spread over the supply of UNI that exists today. It assumes nothing about whether Uniswap could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $8.33B of market cap spread over more coins gives a lower price per coin. This uses the 620,161,039 UNI in circulation now.