UNI vs WSTETH
Uniswap and Wrapped Lido Staked ETH scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
UNI scores 167 of 250 and ranks 9th of 251. WSTETH scores 185 and ranks 3rd. WSTETH leads by 18 points, which is a real gap, though small enough that one variable moving would close much of it. UNI takes 7 of the 25 variables, WSTETH takes 13, and 5 are level.
The framework rates UNI HOLD and WSTETH HOLD CORE. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
5 variables separate them by 3 points or more. UNI is clear on Regulatory Safety (9 against 6). WSTETH is clear on Real Staking Yield (9 against 3), Protocol Revenue (9 against 4) and P/S Multiple (7 against 3).
UNI still has 37.5% of its eventual supply to enter circulation against 0% for WSTETH. On the same market capitalisation, a buyer of UNI is taking the 1.6x dilution path and a buyer of WSTETH the 1x one.
WSTETH is valued at $11.76B against $4.91B for UNI, a 2.4x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
UNI trades 82.5% below its all-time high and WSTETH 56% below its own. Recovering the high needs 5.7x from UNI and 2.3x from WSTETH, which is the same statement read as the return each one has to produce.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 4 | 9 | WSTETH +5 | |
| Revenue Trend | 7 | 8 | WSTETH +1 | |
| P/S Multiple | 3 | 7 | WSTETH +4 | |
| Real Staking Yield | 3 | 9 | WSTETH +6 |
Supply
| Supply Inflation | 7 | 8 | WSTETH +1 | |
| Vesting Schedule | 9 | 10 | WSTETH +1 | |
| Circulating / FDV Ratio | 8 | 10 | WSTETH +2 | |
| Buyback and Burn | 7 | 5 | UNI +2 |
Ownership
| Smart Money Flows | 7 | 9 | WSTETH +2 | |
| Insider Selling | 4 | 8 | WSTETH +4 | |
| Holder Concentration | 5 | 5 | level |
Traction
| TVL Trend | 6 | 7 | WSTETH +1 | |
| Active Users | 8 | 8 | level | |
| Developer Activity | 8 | 7 | UNI +1 | |
| Network Growth | 8 | 7 | UNI +1 |
Position
| Market Share | 8 | 8 | level | |
| Competitive Moat | 7 | 8 | WSTETH +1 | |
| Institutional Adoption | 8 | 7 | UNI +1 | |
| Exchange Depth | 8 | 6 | UNI +2 | |
| Social Mindshare | 7 | 7 | level |
Risk
| Regulatory Safety | 9 | 6 | UNI +3 | |
| Catalyst Calendar | 8 | 6 | UNI +2 | |
| BTC Alpha Potential | 4 | 5 | WSTETH +1 | |
| Team Execution | 7 | 7 | level | |
| Treasury Runway | 7 | 8 | WSTETH +1 |
Bars read outward from the centre: UNI to the left, WSTETH to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| UNI | WSTETH | |
|---|---|---|
| Price | $7.84 | $3,193 |
| Market cap | $4.91B | $11.76B |
| Circulating | 62.5% | 100% |
| Dilution to full supply | 1.6x | 1x |
| Off all-time high | -82.5% | -56% |
| To recover the high | 5.7x | 2.3x |
| Total value locked | $2.77B | $26.00B |
| Network | Ethereum | Ethereum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
UNI · HOLD
Bitwise spot UNI ETF (pending SEC), fee switch expansion to 11+ chains, BlackRock BUIDL integration + UNI purchases, Unichain UVN validators, V4 hooks marketplace, SEC safe harbor (5yr), CLARITY Act advancing
P/S 57-73x on actual protocol revenue ($26-61M not $1B), net inflationary +1.43%/yr (20M growth budget > 4.4M burns), $200M+ insider/VC selling in 2025, top 10 holders control 50.81%, Fluid took 55% stablecoin DEX share, aggregators route 50%+ of ETH volume
WSTETH · HOLD CORE
WstETH becoming default collateral across all major lending protocols; MakerDAO, Aave, Spark all natively integrated
Lido centralization risk (about 24% of staked ETH, down from a 32% peak in 2023); Ethereum validator concentration concerns; potential regulatory classification as security
Common questions
- Is UNI or WSTETH the better investment?
- On this framework WSTETH scores higher: 185 against 167 of 250, and it is rated HOLD CORE against HOLD. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and UNI still wins 7 of the 25 individual variables against WSTETH.
- What is the biggest difference between UNI and WSTETH?
- Real Staking Yield. UNI scores 3 of 10 there and WSTETH scores 9, a gap of 6 points on a single variable.
- Which is bigger, UNI or WSTETH?
- UNI is valued at $4.91B and WSTETH at $11.76B on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.