Chainlink Soars: Standard Chartered Sees Price Reaching $200 by 2030
Chainlink (LINK), a leading decentralized oracle network, has received a bullish prediction from Standard Chartered. The bank initiated coverage of Chainlink on Monday with a $200 price forecast for the end of 2030, a significant jump from its current level.
The projection is based on the bank's assumption that tokenized assets held on-chain will reach $4 trillion by the end of 2028, up from around $340 billion today. This growth would fuel Chainlink's fee income, which is expected to rise roughly 25 times over this period.
Chainlink's global head of digital assets research, Geoff Kendrick, cites the network's dominance in oracle services, with a share of around 70% globally and above 80% on Ethereum. The network has already enabled more than $32 trillion in transaction value over seven years, with institutions such as Fidelity using its services to tokenize fund data.
Kendrick also notes that Chainlink's price follows the fees it generates, which will continue to grow alongside the expansion of tokenized assets and decentralized finance (DeFi). The bank expects $2.7 trillion of assets to be working actively inside DeFi by 2030, a significant increase from current levels.