Uniswap Forecast Soars as Standard Chartered Sees Tokenized Assets Reach $2.7 Trillion by 2030
Standard Chartered, a major bank, has initiated coverage on Uniswap (UNI), the largest decentralized exchange. According to the bank's head of digital assets research, Geoffrey Kendrick, Uniswap is positioned to benefit from the growth in tokenized assets moving into DeFi. The forecast states that tokenized assets active in DeFi could reach $2.7 trillion by end-2030, up 37 times from current levels.
Standard Chartered expects the UNI token to rise 40-fold to $100 by end-2030 from about $2.50 today. The bank also forecasts that Uniswap's liquidity pools could have 37 times more on-chain assets available to trade by then. This growth is attributed to Uniswap's role as an all-purpose infrastructure layer for decentralized trading.
Uniswap's association with security and its dominance in highly correlated pair trading are seen as key factors supporting its view. The bank also expects the share of tokenized assets active in DeFi to rise to 30% by end-2030 from 3.5% currently. This growth would mean that Uniswap needs to play to its unique strengths, including its infrastructure role and longevity.