Odaily reported that Geoff Kendrick, global head of digital assets at Standard Chartered, said in a Monday report that the price of UNI, the native token of Uniswap, is expected to reach $100 by 2030 as Wall Street shifts traditional investments onto blockchain rails. Kendrick also gave a nearer-term projection, saying he expects UNI to reach $6.5 by the end of this year.
Uniswap Framed as Market Infrastructure for Institutions
In the report, Kendrick said Uniswap should be viewed by traditional financial institutions as market infrastructure that can be integrated, rather than merely as a crypto trading venue. His framing places Uniswap within the operational path of traditional finance moving on-chain, with emphasis on its role in trading, asset movement and institutional connectivity.
The report links the migration of traditional investments onto blockchain networks with Uniswap’s positioning and the longer-term price outlook for UNI. UNI is Uniswap’s native token, and Kendrick’s $100 target for 2030 is presented against the backdrop of more Wall Street investment activity moving into on-chain environments.
Fee Switch, Reduced Supply and BUIDL Developments
Kendrick also pointed to Uniswap’s fee switch mechanism, which was activated at the end of 2025, saying it has strengthened the scarcity of the UNI token. According to the report, UNI’s total supply has fallen from 1 billion tokens to about 895 million, with an annualized burn rate of around 1%. This supply reduction is one of the factors cited in support of the price outlook.
The report also referred to developments involving BlackRock. In February this year, BlackRock announced that its tokenized money market fund, BUIDL, would be made available through UniswapX. People familiar with the matter said at the time that BlackRock planned to purchase UNI tokens. These details were presented alongside Kendrick’s view that Uniswap can serve as integrable market infrastructure for traditional finance.