Uniswap’s UNI surges after Standard Chartered $100 forecast

Uniswap’s governance token UNI climbed 19.8% to $3.63, hitting a one-month high and outpacing gains in major cryptocurrencies. The token rose about 48.4% over the past week, lifting Uniswap’s market value to roughly $2.26 billion with about $864 million in 24-hour trading volume.

Standard Chartered’s digital assets team published a note projecting UNI could reach $100 by 2030 and set a $6.50 target for the end of this year. Geoff Kendrick, the bank’s global head of digital assets, wrote that Uniswap should be viewed more as market infrastructure than a retail decentralized exchange and compared Uniswap to a broad distribution layer in contrast to other trading platforms.

Kendrick outlined a scenario in which decentralized finance holds as much as $2.7 trillion in assets by 2030, a scale that could provide roughly 37 times more capital in Uniswap pools than today. He flagged risks including specialized competitors and the potential standardization of compliance rules as traditional financial firms enter tokenization.

Uniswap expanded its product set on June 12 by enabling tokenized securities across its app, wallet and API. The launch made shares of companies such as SpaceX, Apple, Tesla and NVIDIA tradable on the platform. Uniswap Labs described the rollout as “a small fraction of what’s coming” and pointed to more than $9.1 billion swapped in real-world-asset pools ahead of the debut.

Institutional integrations have increased interest in the protocol. In February, BlackRock made a tokenized money market fund available via UniswapX and took a strategic position within the Uniswap ecosystem.

Protocol changes have reduced UNI supply. A late-2025 fee-switch upgrade known as “UNIfication” has been burning a portion of fees, lowering total token supply from about 1 billion to roughly 895 million and trimming supply by about 1% a year. Independent research cited by an analyst at ARK Invest noted Uniswap posted a record $125 billion in monthly trading volume in October 2025, now holds about 25–30% of decentralized exchange volume, and captures a large share of spot trading fees. The same research indicated the protocol was on pace to burn close to 2% of total supply annualized over the past 30 days.

UNI remains well below its all-time high of $44.92 set in May 2021. Kendrick cautioned that competitive pressures and regulatory developments could affect institutional adoption of tokenized assets.