Standard Chartered's global head of digital assets Geoff Kendrick forecasts Uniswap's UNI token will reach $100 by 2030, representing a nearly fortyfold increase from its Monday price of $2.72, as Wall Street firms migrate real-world investments on-chain. The projection stems from Uniswap's role as decentralized exchange infrastructure that traditional finance institutions can integrate with as tokenized assets scale. Uniswap has facilitated more than $3.7 trillion in trading volume and netted $5.6 billion in fees since its 2018 establishment, positioning it as a dominant DeFi platform.
Standard Chartered Projects $100 UNI Price by 2030 on Tokenization Growth
Kendrick's Monday note projects UNI will reach $6.50 by the end of the year and $100 by 2030 as digital assets representing traditional investments proliferate on-chain. The analyst stated that Uniswap's automated market maker model and fixed rules position it as open market infrastructure for traditional finance institutions. Standard Chartered expects the value of digital assets deposited or staked in DeFi protocols to reach $2.7 trillion by the end of the decade. Liquidity pools on Uniswap could have 37 times more assets to trade on-chain by then, according to Kendrick's analysis.
On Monday, UNI changed hands around $2.72, a 9.8% increase over the past day according to CoinGecko. The token peaked around $45 five years ago. Kendrick compared Uniswap to YouTube and Coinbase to Netflix, stating that traditional finance institutions should view Uniswap as market infrastructure rather than a retail decentralized exchange app.
Uniswap Fee Switch Burns 1% of Token Supply Annually Since December Activation
Uniswap's "UNIfication" upgrade in late 2025 activated the platform's fee switch mechanism. UNI's total supply has fallen to roughly 895 million from 1 trillion since the protocol's fee activation in December, Kendrick noted. The supply reduction includes a massive retroactive burn alongside an ongoing annualized burn rate of roughly 1%. The analyst stated there is a linear relationship between Uniswap's protocol fees and trading volumes, meaning that as tokenized assets proliferate on-chain, the fee switch will programmatically trigger more token burns.
BlackRock Announced BUIDL Fund Availability via UniswapX in February
BlackRock announced in February that its tokenized money market fund BUIDL would be available via UniswapX, an auction-based swapping protocol. The world's largest asset manager issued the assets via tokenization platform Securitize. A person familiar with the matter told Decrypt that BlackRock planned to purchase UNI tokens at the time. Kendrick stated that a credible path for tokenized assets to use decentralized settlement has started to emerge.
Analyst Identifies Competition and Compliance Risks to Forecast
Kendrick stated that Uniswap faces risks from smaller players that can create more competitive solutions for specific use cases. He wrote that headwinds could arise from the creation of compliance rules around tokenization. Despite these identified risks, the analyst maintained his price projections based on Uniswap's structural neutrality and established market position.
FAQ
What price did Standard Chartered forecast for Uniswap's UNI token by 2030?
Standard Chartered's Geoff Kendrick forecasts UNI will reach $100 by 2030, representing a nearly fortyfold increase from its Monday price of $2.72. The analyst also projects UNI will reach $6.50 by the end of the year.
How much has Uniswap's token supply decreased since the fee switch activation in December?
UNI's total supply has fallen to roughly 895 million from 1 trillion since the protocol's fee activation in December, according to Kendrick. The reduction includes a massive retroactive burn alongside an ongoing annualized burn rate of roughly 1%.
What did BlackRock announce about its BUIDL fund in February?
BlackRock announced in February that its tokenized money market fund BUIDL would be available via UniswapX, an auction-based swapping protocol, with assets issued via tokenization platform Securitize. A person familiar with the matter told Decrypt that BlackRock planned to purchase UNI tokens.
