Overview
- The bank published a research note on June 15, 2026 that initiated coverage of Uniswap and laid out a stepped price roadmap for UNI from $6.50 by end‑2026 to $100 by end‑2030.
- Standard Chartered’s forecast rests on a projection that tokenized assets on blockchains will grow from about $340 billion today to $4 trillion by end‑2028 and that the share used in DeFi will rise to roughly 30% by 2030, implying about $2.7 trillion active in DeFi.
- The report points to Uniswap’s UNIfication fee switch as a value driver because protocol fees now generate revenue that triggers programmatic UNI burns, with roughly $21 million in fees collected and about 5 million UNI burned since the change plus a prior one‑time 100 million burn that cut total supply to about 895 million.
- Standard Chartered cites early on‑chain signals and partnerships to support its view, including reported RWA trading volume on Uniswap of roughly $9.1 billion and BlackRock’s BUIDL fund being tradable via UniswapX, alongside governance moves to expand fee collection across multiple chains.
- The bank flags clear dependencies that could derail the thesis such as the need for regulatory clarity, deeper institutional partnerships, Uniswap V4 hooks to scale as expected, and competition from specialized venues, and it presents interim price checkpoints investors can watch to judge progress.