Global bank Standard Chartered has initiated coverage of Uniswap’s governance token UNI with a bold long‑term forecast: the asset will reach $100 by 2030, outperforming both Bitcoin and Ether on a percentage basis. The call comes from the bank’s digital assets research division and was outlined in a report covered by The Block and shared by analyst Geoff Kendrick. The projection places UNI as a relative winner among major crypto assets, with a staged price path of $6.50 by end‑2026, $20 in 2027, $40 in 2028, and $65 in 2029.
The bank’s thesis rests on Uniswap’s position as the dominant decentralized exchange protocol. It generates significant fee revenue from billions in trading volume across multiple blockchains, giving UNI a fundamentals‑based investment case that many altcoins lack. Standard Chartered believes that tokenized real‑world assets – currently a $340 billion market – will swell to $4 trillion by end‑2028, with DeFi’s share of those assets rising from 3.5% to 30% by 2030. This would imply roughly $2.7 trillion locked in DeFi protocols, a 37‑fold expansion of total value locked by decade’s end. The bank sees Uniswap as the core liquidity infrastructure for that migration, handling sovereign bonds, real estate, equities, and stablecoins on‑chain.
The report does highlight a structural challenge: UNI grants governance voting rights but currently lacks a direct mechanism to distribute protocol fee revenue to holders. Analysts note that reaching the $100 target will likely require activation of a “fee switch” or similar reward mechanism for token holders. The Uniswap development community is expected to evaluate governance proposals and v4 contract optimizations in the coming quarter.
