Overview
- Standard Chartered analyst Geoff Kendrick said Thursday that his June $100 2030 UNI target may already be too low after estimating annualized UNI burns have climbed to about $89–$90 million.
- Kendrick’s estimate translates to roughly 25.7 million UNI destroyed per year, about 4% of circulating supply, and follows cumulative burns of roughly 109 million since Uniswap’s UNIfication upgrade in December 2025.
- Robinhood Chain has been the main driver: Uniswap captured about 76.5% of trading on the chain and collected roughly $1.81 million of its $2.28 million in daily fees, supplying most of the revenue that funds buy‑and‑burns.
- Uniswap has moved to formalize and expand fee routing with governance proposals and launched Pools.trade on Robinhood Chain on August 5, while a SushiSwap‑backed rival launchpad is being developed by a third‑party developer.
- Analysts and on‑chain observers warn that the burn rate depends on sustained retail volume and UNI price, so concentrated flows, subsidized activity, or regulatory moves on Robinhood Chain could change the pace of future burns.