Standard Chartered Bets Uniswap's UNI Token Could Jump Nearly 40x to $100 by 2030 as Wall Street Goes On-Chain Standard Chartered's Geoff Kendrick believes Uniswap's UNI token could climb to $100 by 2030, beating Bitcoin and Ethereum, as traditional finance firms tokenize their assets and move trading on-chain. A major bank's bold crypto call is making waves. Geoff Kendrick, head of digital assets at Standard Chartered, says Uniswap's own token could rise nearly fortyfold in the years ahead, and in doing so leave both Bitcoin and Ethereum behind. The logic behind the call is straightforward: as Wall Street firms shift their operations on-chain, the biggest winner will be this decentralized exchange. A $100 target and the thinking behind it In a note released Monday, the investment bank's global head of digital assets pinned a price target of $100 on the UNI token by 2030. According to Kendrick, Uniswap stands as a go-to DeFi platform, so when a flood of digital assets representing traditional investments arrives on-chain, this venue is positioned to capture it. His case rests on Uniswap's structural neutrality. Kendrick argues that this neutrality is exactly what lets Wall Street firms build on the platform with confidence, knowing the underlying rules won't shift even as tokenized assets scale up. To drive the point home he offered a vivid comparison, likening Uniswap to YouTube and Coinbase to Netflix. “For TradFi institutions, Uniswap should be viewed less as a retail DEX app and more as market infrastructure that TradFi can integrate with once tokenized assets scale and TradFi operators want to plug them into DeFi,” Kendrick explained. Where UNI stands today According to CoinGecko, Uniswap's UNI token was trading around $2.72 on Monday, up 9.8% over the past day. While the decentralized exchange has long proven its dominance as a platform, its associated token last hit a peak of around $45 five years ago. Data from DeFiLlama shows that since it was set up in 2018, Uniswap has handled more than $3.7 trillion in trading volume while earning $5.6 billion in fees along the way. The $2.7 trillion wager Standard Chartered expects the value of digital assets deposited or staked in DeFi protocols to reach $2.7 trillion by the end of the decade. Kendrick says the direct consequence is that, by then, Uniswap's liquidity pools could have 37x more assets to trade on-chain. He also added a key technical point. There is a linear relationship between Uniswap's protocol fees and its trading volumes, which means that as tokenized assets multiply on-chain, the platform's “UNIfication” upgrade due in late 2025 will programmatically trigger more token burns. How a shrinking supply helps Kendrick noted that since the protocol's fee activation in December, UNI's total supply has dropped to roughly 895 million from 1 trillion. That squeeze was driven by a massive retroactive burn, alongside an ongoing annualized burn rate of roughly 1%. The risks that remain Even after anchoring the DeFi space for years, Kendrick concedes Uniswap is not without risks. Smaller players could build more competitive solutions tailored to specific use cases. On top of that, he wrote that the creation of compliance rules around tokenization could throw up fresh headwinds. How BlackRock changed the picture Still, Kendrick believes a credible path is now emerging for tokenized assets to use decentralized settlement. In February, BlackRock announced that its tokenized money market fund, BUIDL, would be available through UniswapX, an auction-based swapping protocol, with the assets issued via the tokenization platform Securitize. A person familiar with the matter told TrendKia that, at the time, the world's largest asset manager was planning to purchase UNI tokens. Kendrick, for his part, also projected on Monday that the digital asset's price will reach $6.50 by the end of the year. What this means for you What this means for crypto investors: • This is one bank's long-range forecast, not a guarantee; UNI currently trades near $2.72 and the $100 target is for 2030, so weigh your own risk before acting on it. • If you hold UNI or DeFi tokens, it is worth watching the shrinking supply (down to 895 million from 1 trillion) and the roughly 1% annual burn, since those are the core drivers behind this bullish call. Questions & Answers 1. What target has Standard Chartered set for the UNI token? The bank's Geoff Kendrick set a price target of $100 for UNI by 2030, roughly fortyfold above its current level of around $2.72. 2. What is the main reason behind this bullish call? Kendrick believes that as Wall Street firms bring tokenized assets on-chain, Uniswap's liquidity pools could have 37x more assets available to trade. 3. How has UNI's supply changed? Since fees were activated in December, UNI's total supply has fallen from 1 trillion to roughly 895 million, driven by a large burn and an ongoing roughly 1% annual burn rate. 4. How is BlackRock connected to this story? In February, BlackRock announced that its tokenized fund BUIDL would be available through UniswapX, and it was planning to purchase UNI tokens. https://trendkia.com/en/market/wall-street-ke-on-chain-ane-se-uniswap-ka-uni-tokana-2030-taka-kariba-40-guna-uc-1080 TrendKia — Har trend, sabse pehle.