Standard Chartered Predicts 2,300% Upside for Chainlink's LINK Token

Standard Chartered has initiated coverage of Chainlink's native token, LINK, with an extremely bullish price target.

Chainlink is a decentralized blockchain oracle network that facilitates data transfer from off-chain sources to on-chain smart contracts. Its utility and governance token, LINK, is used for paying node operators and deposits by contract creators.

The bank's global head of digital assets research, Geoff Kendrick, believes Chainlink is the only end-to-end platform capable of supporting the full lifecycle of tokenized assets across DeFi and TradFi.

Kendrick estimates that the value of tokenized assets onchain will rise to $4 trillion by 2028. Currently, it stands at $340 billion. He also anticipates a 37-fold surge in tokenized and crypto-native assets deployed in DeFi by 2030, reaching $2.7 trillion.

Chainlink has secured over $110 billion in value, accounting for roughly 70% of oracle-dependent value across DeFi globally and more than 80% on Ethereum. The blockchain network has enabled over $32 trillion in transaction value to date.