Odaily reported that Standard Chartered has initiated coverage of Uniswap, the decentralized exchange protocol, and issued a long-term price forecast for its UNI token. According to the bank, UNI could rise from its current level of about $2.70 to $100 by the end of 2030, a gain of nearly 40 times. The forecast is built around the expected expansion of DeFi protocols within the broader digital asset ecosystem, especially as tokenized assets move on-chain and increase the base of tradable assets and fee-generating activity for protocols such as Uniswap.
Standard Chartered Places DeFi in Its Long-Term Digital Asset Framework
Geoffrey Kendrick, global head of digital assets research at Standard Chartered, said the next round of wealth opportunities in the digital asset sector may come from DeFi protocols. The core logic behind the view is that the scale of tokenized assets entering DeFi will grow substantially, thereby expanding the assets available for trading on protocols such as Uniswap and improving their fee potential. As a decentralized exchange protocol, Uniswap’s outlook is tied to on-chain trading activity and its ability to commercialize the protocol model.
Standard Chartered expects the scale of on-chain tokenized assets to increase from about $340 billion today to $4 trillion by the end of 2028. The bank also expects the share of those assets entering DeFi to rise from about 3.5% at present to 30% by the end of 2030. When growth in crypto-native assets is included, the bank estimates that DeFi total value locked could reach about $2.7 trillion, representing an increase of about 37 times from the current level.
UNI Price Path Points to $100 by the End of 2030
Kendrick said that if Uniswap successfully commercializes and builds sufficiently large partnerships with traditional financial institutions, the valuation multiple between its market capitalization and trading fees could increase. In that scenario, the gap between Uniswap and centralized trading platforms such as Coinbase could narrow. The framework links Uniswap’s fee-generating capacity, the scale of institutional partnerships and changes in valuation multiples.
Standard Chartered’s projected UNI price path is $6.50 by the end of 2026, $20 by the end of 2027, $40 by the end of 2028, $65 by the end of 2029 and $100 by the end of 2030. The bank also expects UNI to potentially outperform ETH and BTC over the same period. This price path forms the central conclusion of Standard Chartered’s first coverage of Uniswap.