Standard Chartered Forecasts $100 Target for Uniswap by 2030

The bank estimates that total assets locked in DeFi could reach $2.7 trillion by 2030, a nearly 37-fold increase from current levels. Geoffrey Kendrick, Global Head of Digital Assets Research, characterizes decentralized finance as the next major wealth-creation opportunity. Under this model, the bank anticipates UNI will outperform both Bitcoin and Ether, reaching price milestones of $6.50 by 2026 and $40 by 2028 before hitting the $100 mark.

Optimism for this valuation is tied to Uniswap's evolving economic model, particularly the protocol's fee-burn mechanism. Since activating the fee switch, the protocol has generated approximately $21 million in fees and removed roughly 5 million UNI tokens from circulation. Governance decisions, such as Proposal 96, have expanded these collection efforts across 11 different blockchains, including BNB Chain and Polygon. By comparing the decentralized exchange to YouTube—where users supply liquidity—the bank argues that Uniswap maintains lower capital requirements than centralized competitors like Coinbase. While potential risks remain, including competition from specialized exchanges and the need for deeper integration with traditional finance, the bank suggests that clearer U.S. regulatory guidance will likely facilitate this long-term growth.