Key Takeaways
- Major banking institution Standard Chartered has established coverage on Uniswap, projecting UNI will climb to $100 by 2030’s conclusion—representing a 40-fold multiplication from its approximately $2.50 level.
- The financial institution anticipates tokenized assets on blockchain networks will expand from $340 billion to $4 trillion by 2028.
- Total value locked in decentralized finance platforms could soar to $2.7 trillion by decade’s end, marking a 37-fold expansion from present levels.
- Year-end projections for UNI include $6.50 in 2026, $20 in 2027, $40 in 2028, $65 in 2029, and $100 in 2030.
- The protocol has eliminated 5 million UNI tokens from circulation following its December 2025 fee implementation, reducing total supply to 895 million.
On June 15, 2026, Standard Chartered Bank published comprehensive research initiating coverage on Uniswap, establishing a $100 valuation target for the UNI token by 2030’s close. The digital asset was hovering near $2.50 when the analysis was released.
The research was penned by Geoffrey Kendrick, who holds the position of Global Head of Digital Assets Research at the banking institution. His analysis suggests the projection represents a 40-fold appreciation from present valuation levels.
The financial institution outlined a comprehensive timeline: $6.50 by 2026’s conclusion, $20 by 2027’s end, $40 by 2028’s close, $65 by end-2029, and $100 by 2030’s finale. Kendrick’s research additionally anticipates UNI will deliver superior returns compared to both bitcoin and ethereum throughout this timeframe.
According to Kendrick: “I think the next opportunity for generational wealth in digital assets is going to come via the DeFi protocols.”
The institution simultaneously unveiled projections for additional digital assets. Ethereum is forecast to reach $40,000 while bitcoin could hit $500,000 by 2030’s conclusion.
Decentralized Finance Expansion Drives Investment Rationale
The bullish outlook hinges on the proliferation of tokenized assets. Standard Chartered anticipates blockchain-based tokenized assets will surge from the current $340 billion to $4 trillion by 2028’s end.
The proportion of these assets actively utilized in DeFi protocols is projected to jump from 3.5% to 30% by 2030’s conclusion. This trajectory would elevate total value locked in decentralized finance to approximately $2.7 trillion, representing a 37-fold multiplication from today’s metrics.
Kendrick’s report states: “We expect the value of tokenised assets active in DeFi to grow 37x between now and end-2030.”
Uniswap’s liquidity infrastructure stands to benefit substantially, as increased capital flowing into DeFi ecosystems translates to greater assets available for exchange on the platform.
Comparing Uniswap with Coinbase
Kendrick drew an analogy between Uniswap and YouTube, contrasting it with Coinbase as Netflix. Uniswap operates as open infrastructure enabling any participant to establish liquidity pools; Coinbase operates centralized exchange operations.
This architectural approach provides Uniswap with reduced capital demands, as liquidity originates from community participants rather than the platform. Kendrick suggests enhanced revenue generation and strengthened connections with institutional finance could elevate Uniswap’s market capitalization-to-revenue multiple toward Coinbase’s range over time.
While processing comparable transaction throughput to Coinbase, Uniswap currently maintains a significantly lower valuation metric.
In December 2025, Uniswap implemented protocol-level fees through an enhancement named UNIfication. Subsequently, the protocol has accumulated $21 million in fees and removed 5 million UNI tokens from circulation, equivalent to approximately 1% annual deflation.
When combined with a single-instance burn of 100 million UNI, overall supply has contracted from 1 billion to 895 million. Active circulating supply currently measures 622 million.
UNI was exchanging hands at roughly $2.70 when Standard Chartered issued its research on June 15, 2026.
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