In short
- Standard Chartered predicts an increase of almost 40x $UNI‘s price by 2030, as Wall Street migrates real investment to the chain.
- Uniswap’s automated market maker model and set rules position Uniswap as the core, open market infrastructure layer, wrote analyst Geoff Kendrick.
- The platform’s ‘fee switch’ activation in late 2025 has increased the token’s scarcity and currently burns around 1% of the token. $UNI token supply per year.
Uniswap‘s native token will grow and outperform almost fortyfold in the coming years Bitcoin And Ethereum as Wall Street migrates to the chain, according to Geoff Kendrick of Standard Chartered.
As a recommendation DeFi platform, the decentralized exchange is poised to benefit from an influx of digital assets representing traditional investments, the investment bank’s global head of digital assets said in a note on Monday – as he outlined a price target of $100 by 2030.
Kendrick’s projection is rooted in Uniswap’s structural neutrality, which allows Wall Street firms to build on their platform with the confidence that the underlying rules will not change as tokenized assets grow. In this sense, he compared Uniswap to YouTube and Coinbase to Netflix.
“For TradFi institutions, Uniswap should be seen less as a retail DEX app and more as market infrastructure that can integrate TradFi with once tokenized asset scale and TradFi operators want to connect them to DeFi,” Kendrick explains.
On Monday Uniswap’s $UNI token changed hands around $2.72, up 9.8% from the past day, according to Coin gecko. While the decentralized exchange platform has long proven dominant, the price of its associated token peaked around $45 five years ago.
Since its founding in 2018, Uniswap has facilitated more than $3.7 trillion in trading volume while generating $5.6 billion in fees, according to Uniswap figures. DeFiLlama.
Standard Chartered expects that by the end of this decade, the value of digital assets deposited or staked in DeFi protocols will reach $2.7 trillion. As a result, the liquidity pools on Uniswap could have 37x more assets to trade on-chain by then, Kendrick noted.
There is a linear relationship between Uniswap’s protocol fees and trading volumes, meaning that as tokenized assets spread up the chain, the platform’s “UNIfication” upgrade will programmatically trigger more token burns in late 2025, he added.
Kendrick noticed that $UNITotal supply has fallen from 1 trillion to roughly 895 million since the protocol was activated in December – a supply contraction amplified by a massive retroactive burn, in addition to a persistent annualized burn rate of around 1%.
Despite anchoring the DeFi space for years, Kendrick argued that Uniswap faces risks from smaller players who can create more competitive solutions for specific use cases. Additionally, he wrote that there could be headwinds from creating compliance rules around tokenization.
Still, Kendrick noted that a credible path for tokenized assets to use decentralized settlement is beginning to emerge. In February BlackRock announced that its tokenized money market fund, BUIDL, would be available through UniswapX – an auction-based swap protocol – and issue the assets through tokenization platform Securitize.
At the time, the world’s largest asset manager was planning to buy shares $UNI tokens, a person familiar with the matter told Declutter. Kendrick, meanwhile, predicted Monday that the digital asset’s price will reach $6.50 by the end of the year.