Standard Chartered Sees $100 Price Tag for Uniswap Token by 2030
Standard Chartered, a major bank, has released a report predicting that tokenized assets in decentralized finance (DeFi) will grow significantly by 2030. According to Geoffrey Kendrick, head of digital assets research at Standard Chartered, the amount of assets locked in DeFi could reach $2.7 trillion by end-2030, up 37 times from current levels.
The bank expects tokenized assets on-chain to grow to $4 trillion by end-2028 from $340 billion today, and for the share of tokenized assets active in DeFi to rise to 30% by end-2030 from 3.5% currently.
Standard Chartered initiated coverage of Uniswap (UNI), the largest decentralized exchange, with a $100 price forecast for UNI by end-2030. This represents a potential 40-fold increase from its current price of around $2.50, outperforming both Bitcoin and Ethereum over the next decade.