Standard Chartered Says Uniswap’s $100 UNI Target Is Too Low

Uniswap has activated its long-debated fee switch, giving the decentralized exchange a clearer mechanism to convert trading activity into protocol revenue and value for UNI holders. Part of the proceeds supports UNI buybacks and burns, tightening token supply and shifting its economics toward deflation. The move marks a significant commercialization milestone for one of decentralized finance’s largest trading protocols.

Average daily protocol revenue has risen 2.7-fold since activation, fueling a sharp increase in UNI repurchases and token burns. Robinhood Chain now generates more than half of that revenue, emerging as Uniswap’s most important growth venue. The concentration also creates risk: much of the activity depends on demand for Meme coins, making September an early test of whether revenue growth and the deflationary cycle can endure.

Wall Street is accelerating efforts to bring traditional financial assets such as stocks, bonds and funds onto blockchains, driving demand for real-world asset tokenization. Standard Chartered believes decentralized exchange Uniswap could become core infrastructure for capital flows, giving its native UNI token the potential to benefit from growing collaboration between decentralized and traditional finance.

Standard Chartered's latest report forecasts that UNI could rise to $100 per token by 2030, implying potential gains of about 40 times its price when the report was released. The news sent UNI up 13% in a single day. The report also said Uniswap had been expected to introduce a protocol upgrade and token-burning mechanism by the end of 2025, potentially reducing supply and supporting long-term value.

Uniswap is a major decentralized finance trading protocol, while UNI serves both governance and tokenomics functions. A rare long-term price target from a major bank has therefore become an important signal for institutional investors assessing on-chain trading and real-world asset tokenization. The move also reflects a rotation from bitcoin into altcoins amid uncertainty over Federal Reserve policy.

On June 17, UNI rose 22.5% in 24 hours to $3.53 after Standard Chartered initiated coverage on June 15 with a target of $100 by the end of 2030. Over the same period, bitcoin traded at $65,800, down 0.3% on the day but up 7.4% for the week. Markets were awaiting the first interest-rate decision since Kevin Warsh took over as Federal Reserve chair. HYPE also gained 7.8% that day.