Standard Chartered Sees Chainlink Soaring to $200 by 2030

Standard Chartered has initiated coverage of Chainlink (LINK) with a price target of $200 by the end of 2030, implying a roughly 25-fold gain from around $8 today. This prediction is based on the bank's expectations for tokenized assets on-chain to reach $4 trillion by the end of 2028 and assets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030.

The bank's global head of digital assets research, Geoff Kendrick, expects Chainlink's fees to rise about 25 times over this period, with the token price following suit. Chainlink's incumbency is a key factor in its valuation, according to Kendrick, who notes that it has secured more than $110 billion in value, covering roughly 70% of oracle-dependent value in DeFi globally and more than 80% on Ethereum.

Kendrick also expects off-chain customers to become a growing share of fees, driven by the increasing demand for data-hungry assets such as tokenized funds and bonds. However, he flags several risks, including institutional tokenization scaling more slowly than expected and technical failures denting confidence.