Standard Chartered sets $100 price target for Uniswap by 2030

A major global bank just told Wall Street that a DeFi governance token could 40x over four years. Standard Chartered initiated coverage on Uniswap’s UNI token on June 15, setting a price target of $100 by the end of 2030, up from roughly $2.50 at the time of the report.

The roadmap to $100

Standard Chartered laid out a year-by-year price trajectory for UNI: $6.50 by the end of 2026, $20 by 2027, $40 by 2028, and $65 by 2029, before reaching the full $100 target in 2030.

Geoff Kendrick, Standard Chartered’s Global Head of Digital Assets Research, is the lead analyst behind the report. The core argument is straightforward: Uniswap is positioned to become the primary on-chain trading venue for a rapidly expanding universe of tokenized real-world assets, including treasuries, bonds, equities, and real estate, all represented as tokens and traded through decentralized protocols instead of traditional exchanges.

The tokenization thesis

The bank estimates that tokenized assets could reach $4 trillion by 2028. Standard Chartered projects that DeFi total value locked will hit approximately $2.7 trillion by 2030. They further estimate that 30% of tokenized real-world assets will transition directly on-chain within DeFi protocols, creating a massive addressable market for platforms like Uniswap.

Institutional validation keeps stacking

Standard Chartered’s coverage initiation arrives alongside broader institutional engagement with on-chain finance. BlackRock has been actively engaging with on-chain distribution solutions. The bank explicitly positions decentralized protocols as essential infrastructure rather than speculative instruments.

Uniswap operates as a pure decentralized exchange with no order book, no central matching engine, and no intermediary. Liquidity providers deposit assets into smart contract pools, and traders swap against those pools automatically.

What this means for investors

Standard Chartered’s staged targets provide checkpoints: if UNI doesn’t reach $6.50 by year-end, or fails to approach $20 in 2027, it becomes clear early that the thesis is off track.

UNI’s value is tied to the protocol’s governance and, potentially, future fee-sharing mechanisms. The token doesn’t currently capture protocol revenue directly. If the path to $100 requires $2.7 trillion in DeFi TVL, protocol upgrades enabling fee switches or revenue distribution would be necessary catalysts.

Tokenized assets reaching $4 trillion by 2028 is a projection, not a fact. DeFi TVL hitting $2.7 trillion by 2030 requires sustained growth. When a bank of Standard Chartered’s stature initiates formal coverage on a DeFi governance token with a multi-year price forecast, it normalizes the asset class for institutional allocators who need research coverage to justify positions.

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