Wall Street Could Boost Uniswap's Token Price Nearly 40x by 2030: Standard Chartered
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- Standard Chartered analyst Geoff Kendrick set a $100 price target for UNI by 2030, projecting a nearly 40x increase and forecasting the token will outperform Bitcoin and Ethereum as tokenized real-world assets migrate on-chain
- Uniswap's late-2025 'fee switch' activation has reduced UNI's total supply from 1 billion to roughly 895 million, with an ongoing annualized burn rate of about 1% of supply tightening scarcity
- Uniswap has facilitated more than $3.7 trillion in trading volume and netted $5.6 billion in fees since its 2018 launch, per DeFiLlama, with Kendrick noting a linear relationship between protocol fees and volumes
- Standard Chartered projects $2.7 trillion in DeFi deposits or stakes by decade's end, which Kendrick said would give Uniswap's liquidity pools 37x more assets to trade on-chain
- BlackRock made its tokenized money market fund BUIDL available via UniswapX in February — issued through Securitize — and the asset manager planned to purchase UNI tokens, per a source familiar
- Kendrick separately projected UNI will reach $6.50 by the end of 2025; the token gained 9.8% on Monday to around $2.72 but remains far below its roughly $45 peak from 2020–2021
Why it matters: The $100 target requires UNI to roughly double its prior ~$45 cycle peak, a move contingent on TradFi institutions actually routing tokenized assets through Uniswap rather than competing settlement layers. BlackRock's BUIDL integration on UniswapX is the first concrete signal that a major asset manager treats Uniswap as viable market infrastructure, while the fee switch creates a structural supply squeeze (~1% annual burn) that mechanically links protocol growth to token scarcity.
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