Standard Chartered Analyst Revises UNI Price Target Amid Robinhood Chain Fees Surge

Standard Chartered analyst Geoffrey Kendrick has revised his $100 UNI price target for Uniswap (UNI), citing changes in fees since June. The fees, which come from trading, have increased significantly due to Uniswap's dominance on the Robinhood Chain. In just six weeks, Uniswap has collected 78.8% of all daily fees on the chain, amounting to $1.81 million out of $2.28 million.

Uniswap began using part of its revenue to buy and burn UNI in December 2025. This move has resulted in a significant reduction in supply, with burns doubling since July 27. Kendrick's calculations show that at the current price of $3.48 per token, $90 million buys roughly 25.7 million UNI, which represents a 4.1% annual burn rate.

Kendrick believes that his original target of $100 for 2030 is now too low, given these changes in fees and burns. However, not all experts agree with Kendrick's assessment. One developer, 0xDeployer, has launched a competing launchpad with SushiSwap, accusing Uniswap of trying to control the whole stack.