Standard Chartered Sees UNI Token Rising 40-Fold to $100 by 2030
Standard Chartered's research predicts that tokenized assets in decentralized finance (DeFi) will surge to $4 trillion by 2028 and reach $2.7 trillion by 2030, a 37-fold increase from current levels.
The bank initiated coverage of Uniswap (UNI), the largest decentralized exchange, and forecasted that the UNI token could rise 40-fold to $100 by end-2030 from about $2.50 today.
Geoffrey Kendrick, head of digital assets research at Standard Chartered, said in a note that the amount of assets locked in DeFi could reach $2.7 trillion by end-2030, up 37 times from current levels.
Uniswap stands to benefit from this growth due to its role as an all-purpose infrastructure layer for decentralized trading, according to Standard Chartered. The bank cited three factors supporting its view: Uniswap's infrastructure role, its longevity and brand recognition, and its dominance in highly correlated pair trading.