Standard Chartered Sees UNI Reaching $100 by 2030

Standard Chartered’s global head of digital assets, Geoff Kendrick, projected that Uniswap’s UNI token could reach $100 by 2030 in a note published Monday. The bank linked the target to growth in tokenized traditional assets moving onto public blockchains and to recent changes in Uniswap’s token mechanics.

Kendrick argued that Uniswap’s automated market maker design and fixed protocol rules make it an appealing infrastructure layer for institutional participants. He wrote that the platform’s structural neutrality gives traditional finance firms confidence that core rules will remain stable as tokenized assets scale. He compared Uniswap to a broad, open platform and contrasted that with other venues focused on curated services.

Standard Chartered expects the total value of digital assets deposited or staked in decentralized finance protocols to reach $2.7 trillion by 2030. Using that estimate, the bank calculated that liquidity on Uniswap could be roughly 37 times larger than today. Because Uniswap’s protocol fees scale with traded volume and the protocol now burns a portion of fees, higher volumes would increase fee burns and remove more UNI from circulation, the note said.

Uniswap activated a protocol fee switch in late 2025 and implemented an upgrade called UNIfication. Since the fee activation, Kendrick reported total UNI supply falling to about 895 million from roughly 1 trillion, a change driven by a large retroactive burn and an ongoing annualized burn rate near 1 percent. The note projected an interim price of $6.50 for UNI by year-end.

Market data showed UNI trading near $2.72 on Monday, roughly 10 percent higher over 24 hours. The token’s all-time high was about $45 five years ago. Protocol metrics indicate Uniswap has processed more than $3.7 trillion in trading volume and generated about $5.6 billion in fees since its 2018 launch.

Kendrick pointed to early institutional activity as a sign tokenization may route through Uniswap. In February, the world’s largest asset manager announced a tokenized money market fund, BUIDL, would be available on UniswapX and issued via a tokenization platform.

The note listed several risks to the outlook. Kendrick flagged competition from smaller protocols that could offer more efficient solutions for specific uses and noted that emerging compliance and regulatory frameworks for tokenized assets could complicate on-chain settlement. He also cited security incidents across decentralized finance, saying hundreds of millions of dollars were lost to exploits in the first months of 2026.

Standard Chartered framed its long-term price target as depending on two conditions: that institutional tokenization advances as projected and that Uniswap maintains its position as a neutral venue for decentralized settlement.