Standard Chartered Sees Chainlink Reaching $200 by 2030 Amid Tokenized Asset Boom

Financial institution Standard Chartered has initiated coverage of Chainlink (LINK) and set a price target of US$200 for 2030. According to the report, the token will reach this milestone with steady growth, increasing from its current value of around US$7.47. In fact, the projection suggests that by the end of 2028, Chainlink's network fees will grow approximately 25 times due to the expansion of tokenized assets.

Standard Chartered estimates that tokenized assets will increase from their current value of US$340 billion to US$4 trillion by the end of 2028. The bank also projects a significant growth in decentralized finance, with allocations increasing 37 times to reach US$2.7 trillion by 2030.

Chainlink's current secured value is over US$110 billion, accounting for about 70% of global DeFi value dependent on oracles and more than 80% of this segment on Ethereum. Analyst Geoff Kendrick highlights that institutions such as Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity, and S&P Global are already using Chainlink services.

The report also discusses the progress of CCIP, Chainlink's infrastructure for interoperability between networks. Since the exploit in KelpDAO's multichain infrastructure in April, more than US$7 billion in token value has migrated from legacy bridges to CCIP. In the second quarter, CCIP volume reached US$4.9 billion, a 353% year-over-year increase.