TLDR
- Standard Chartered forecast UNI could rise to $100 by the end of 2030.
- The bank expects UNI to climb from about $2.70 to $100 over the period.
- Tokenized assets active in DeFi are forecast to grow 37x by 2030.
- Standard Chartered expects DeFi assets to reach about $2.7T by 2030.
- Uniswap has burned 5M UNI since protocol fees were activated.
Standard Chartered Bank has initiated coverage of Uniswap and forecasts that the UNI token could rise to $100 by the end of 2030, as tokenized assets move more deeply into decentralized finance markets.
The bank’s digital assets research team said UNI could climb from about $2.70 to $100 over the period, implying a roughly 40-fold increase if the projected growth in DeFi activity materializes. Geoffrey Kendrick, global head of digital assets research at Standard Chartered, said DeFi protocols may offer one of the next major growth areas in digital assets.
The forecast is based on the bank’s expectation that tokenized assets active in DeFi will grow sharply through 2030. Kendrick said Uniswap could benefit because larger onchain asset pools would create more liquidity and trading activity across decentralized markets.
Standard Chartered Sees UNI Rising to $100
Standard Chartered expects UNI to reach $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.
Kendrick said tokenized assets onchain could grow from about $340 billion today to $4 trillion by the end of 2028. He also expects the share of tokenized assets used in DeFi to rise from 3.5% to 30% by the end of 2030.
Standard Chartered Forecasts UNI to Reach $100 by 2030 as RWAs Move On-Chain
Standard Chartered forecasts UNI will reach $100 by 2030 and $6.50 by the end of 2026, citing growing adoption of tokenized real-world assets (RWAs) and DeFi. The bank said Uniswap is well positioned to… pic.twitter.com/FunM1kIlOR
— Wu Blockchain (@WuBlockchain) June 15, 2026
Together with growth in crypto-native assets, the bank estimates that assets locked in DeFi could reach about $2.7 trillion by 2030, or 37 times current levels. According to Kendrick, that expansion would give Uniswap’s liquidity pools far more assets available for trading.
The bank also expects UNI to outperform both Ether and Bitcoin during the same period. That view depends on Uniswap’s ability to convert higher decentralized exchange activity into protocol value and improve its commercial position with institutional partners.
Tokenized Assets Drive DeFi Growth Forecast
Standard Chartered said the growth of tokenized real-world assets could become a major driver for decentralized finance. Tokenized assets include financial instruments such as bonds, funds, credit products, and other real-world assets issued or represented on blockchain networks.
Kendrick said Uniswap is well positioned because it operates as open infrastructure where users can create liquidity pools and trade tokens without relying on a centralized order book. He compared Uniswap to YouTube and Coinbase to Netflix, saying Uniswap offers an open platform while Coinbase operates a controlled centralized exchange.
The comparison is based on Uniswap’s user-supplied liquidity model, which lowers the platform’s capital requirements. Liquidity providers supply the assets used for trading, while Uniswap provides the protocol infrastructure that routes swaps across pools.
Kendrick said this structure gives Uniswap an advantage in markets involving similar assets, including stablecoins and staked Ether tokens. He also said Uniswap may compete for trading in smaller tokens and tokenized real-world assets that may not initially generate enough volume for centralized exchanges.
Fee Switch and Token Burns Support Valuation Case
Standard Chartered also pointed to changes in Uniswap’s fee model. Before December 2025, all token swap fees went to liquidity providers, but the UNIfication upgrade activated protocol fees and introduced programmatic UNI token burns.
Since the fee switch was introduced, Uniswap has generated about $21 million in protocol fees and burned 5 million UNI tokens, equal to an annual burn rate of about 1%, according to Kendrick. A one-time burn of 100 million UNI reduced total supply from 1 billion to 895 million, while circulating supply fell to 622 million.
Kendrick said Uniswap trades at a much lower market capitalization-to-transaction fee multiple than Coinbase, despite handling comparable transaction volumes. He said Coinbase’s wider business lines explain part of that gap, but Uniswap could narrow the difference if it builds stronger traditional finance partnerships.
The bank also listed risks to the forecast. Smaller decentralized exchanges may build better tools for specific markets, while tokenized asset adoption may require deeper institutional partnerships and clearer regulation.
Kendrick said future U.S. regulatory clarity, including the CLARITY Act or new Securities and Exchange Commission guidance, could help address some uncertainties. He also noted that Uniswap V4’s hook system has not yet been tested at the scale projected for 2030.
