Standard Chartered Sets $200 Chainlink Target for 2030

Standard Chartered initiated coverage of Chainlink, assigning a $200 price target for 2030 and a staged path of $13 by the end of this year, $41 in 2027, $82 in 2028 and $133 in 2029. The bank’s 2030 target implies about 27 times Chainlink’s current trading level near $7.50.

The research note links the price path to an assumption that tokenized assets will expand from roughly $340 billion today to about $4 trillion by the end of 2028 and that decentralized finance assets will grow to about $2.7 trillion by 2030. Standard Chartered projects Chainlink fees rising roughly 25-fold as tokenization expands and cites Chainlink’s market position-securing more than $110 billion of value-as the basis for potential fee capture.

The note highlighted Chainlink’s Cross-Chain Interoperability Protocol, reporting $4.9 billion in second-quarter volume, up 353% year over year, and more than $7 billion in value moved from legacy bridges since an April exploit on a multichain bridge tied to KelpDAO.

Analyst Geoff Kendrick identified institutional users relying on Chainlink services, naming Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity and S&P Global. The note argued that tokenized funds and bonds will require net asset values, interest-rate feeds and reserve attestations. “Off-chain customers paying for that data should become a larger share of Chainlink’s fees over time,” the note wrote.

The research described Chainlink’s Reserve mechanism, which accumulates LINK from both off-chain enterprise revenue and on-chain service usage, as the link between increased usage and token demand. The bank framed its price forecasts on the assumption that fee growth and Reserve accumulation will translate into higher token value.

Standard Chartered outlined three outcomes for LINK: a bullish path in which rising CCIP volume and tokenization drive traders to rotate into LINK and lift it into double digits within months; a delayed path in which the market waits for visible evidence of fee-driven Reserve accumulation before re-rating LINK; and a downside path in which infrastructure usage grows but token value capture remains limited, leaving LINK range-bound while the network expands.

The note flagged concentration risk, noting Aave V3 accounts for about 44% of the value Chainlink secures. The bank also launched coverage of other crypto infrastructure tokens with large upside targets, including AAVE at $3,500, UNI at $100 and MORPHO at $60. Around the bank’s earlier calls, UNI rose about 22.5%, MORPHO gained about 13% over 24 hours and AAVE climbed about 5.6%; the bank noted broader crypto market conditions also influenced those price moves.

At publication of the Chainlink note, LINK traded in the mid-single digits. The bank’s forecast depends on the assumptions about tokenization growth, fee expansion and the Reserve’s ability to accumulate LINK from enterprise and on-chain activity.