Overview
- Standard Chartered initiated coverage of Uniswap on June 15 and set a staged roadmap that pegs UNI at $6.50 by end‑2026 and $100 by end‑2030 as its central scenario.
- The bank's bull case projects tokenized assets on public blockchains rising from about $340 billion today to $4 trillion by end‑2028 and the share active in DeFi climbing to 30% by 2030, which implies roughly $2.7 trillion in DeFi liquidity.
- The report points to protocol economics created by Uniswap’s December 2025 UNIfication upgrade, which has generated roughly $21 million in protocol fees and driven burns that include a one‑time 100 million UNI reduction plus about 5 million UNI burned since activation.
- Standard Chartered cites early institutional touchpoints such as BlackRock’s tokenized BUIDL fund becoming tradable via UniswapX and several billion dollars of tokenized‑stock volume on Uniswap as evidence that traditional finance is starting to use public DeFi rails.
- The bank warns the scenario depends on major conditions—regulatory clarity on tokenization, Uniswap retaining market share, and Uniswap V4’s untested hook system—and the underlying research note has not been made publicly available so the call should be treated as an analyst forecast rather than a confirmed outcome.