Standard Chartered Forecasts UNI $100 by 2030

Standard Chartered began coverage of Uniswap and forecast that UNI could reach $100 by the end of 2030. The bank links the price path to a projection that roughly $2.7 trillion in tokenized assets will be active in decentralized finance by 2030.

In a research note, Geoffrey Kendrick, head of digital assets research at Standard Chartered, projected on-chain tokenized assets would grow to $4 trillion by the end of 2028 from about $340 billion today. Kendrick expects 30% of those tokenized assets to be active in DeFi by 2030, up from roughly 3.5% now, producing the $2.7 trillion estimate. He wrote, “I estimate that the amount of tokenized assets active in DeFi will 37x by the end of 2030.”

Standard Chartered published a multi-year price ladder for UNI: $6.50 in 2026, $20 in 2027, $40 in 2028, $65 in 2029 and $100 in 2030. At the time of the note, UNI traded near $2.71, up about 8% on the day and down about 62% over the past year, with a market capitalization near $1.68 billion.

The bank cited Uniswap’s position as a general-purpose infrastructure layer, its brand recognition and its share of trading in highly correlated pairs as reasons for the call. The note pointed to recent listings of tokenized stocks on the Uniswap app, including tokenized versions of SpaceX, Apple and Tesla. It also reported more than $9.1 billion swapped in real-world asset pools across about 2.6 million transactions.

The note referenced institutional engagement, noting that BlackRock’s tokenized BUIDL fund became tradable through UniswapX earlier this year and that the asset manager took a strategic stake in the Uniswap ecosystem. It also described protocol developments such as a UNI token burn proposal and plans for Unichain, a layer-2 network meant to align protocol fees more directly with token value. Regulators ended a probe into Uniswap last year, which the note said had been a regulatory overhang.

The research discussed how commercialization and partnerships with traditional financial firms could affect the connection between transaction fees and token value. Kendrick wrote that, if Uniswap scales partnerships with traditional finance, its market-cap-to-transaction-fees multiple could narrow relative to some centralized exchanges.

The note identified risks and open questions, including the timing and scale of tokenizing traditional assets and the extent to which trading volume will migrate into DeFi pools. The bank’s UNI forecast assumes a substantial migration of traditional assets into tokenized forms and significant institutional uptake of DeFi services.