Uniswap (UNI) Price could reach $100 by 2030: Standard Chartered

Key Insights

• Standard Chartered Predicts Uniswap UNI to Hit $100 by 2030.
• The banking giant argues that Uniswap would be a core trading platform for DeFi tokenization.
• Uniswap has also expanded to Circle’s Arc blockchain, as analysts say it must leverage its strengths to achieve potential.

Standard Chartered Bank has projected that the Uniswap token, UNI, could reach $100 by 2030. The prediction follows the investment bank’s initiation of coverage for the cryptocurrency.

At press time, UNI was trading around $2.69. The price would have to increase by almost 40x over the next five years to reach the projected level. This would make it a better performer than Bitcoin and Ethereum in that period.

Standard Chartered Cites Uniswap Trading Infrastructure as Reason for Bullishness

The bank’s analysts, led by its Head of Digital Assets Research, Geoff Kendrick, are confident in this prediction. According to the research note, Uniswap has significant potential given its status as a decentralized exchange (DEX).

The long-term expectation for Uniswap is premised on tokenization, which Standard Chartered has been bullish on for a long time. With the bank expecting an explosion in tokenized assets, it believes Uniswap will be a direct beneficiary.

Perh note, the value of onchain tokenized assets will grow to $4 trillion by the end of 2028. It was up from the current $340 billion. This is also expected to cause a corresponding increase in the percentage of tokenized assets active in DeFi.

Only about 3.5% of tokenized assets are active in DeFi, with 3% of all stablecoins and 10% of all RWAs. However, Standard Chartered expects that to increase to 30% by 2030 in line with its forecast for Ethereum

Once that happens, Kendrick believes Uniswap will capture most of the value. The bank noted that this “would mean $2.7tn of assets locked in DeFi by end-2030, up 37x from today.” This “also implies that Uniswap liquidity pools will have 37x more assets on-chain to trade by then.”

Analyst Says Uniswap Must Leverage Strengths to Achieve Forecasts

Despite the bullish outlook, the bank stated that Uniswap needs to capitalize on its strengths to fully capture its growth potential. It highlighted these strengths, including its “all-purpose infrastructure layer,” reputation, and dominance of highly correlated pair trading on the network.

With these strengths, Kendrick believes Uniswap can attract TradFi operators to scale its operations. If it scales as expected, the analysts see Uniswap’s market cap approaching that of Coinbase, the US’s largest centralized exchange.

Presently, Coinbase has a market cap of $44 billion compared to Uniswap’s $1.7B despite both having similar trading volume. However, Kendrick sees Uniswap as more of an open platform like YouTube while comparing Coinbase to Netflix.

Meanwhile, the vote of confidence in Uniswap comes amid the DEX’s decision to deploy on the Circle blockchain, Arc. It announced it will launch on the network, which is built specifically for stablecoins, citing its liquidity.

The UNI token is also up more than 7% over the past 24 hours. That represents a major turnaround that holders hope it can sustain. UNI is down 50% year to date and has lost more than 20% in the past month.

The post Uniswap (UNI) Price could reach $100 by 2030: Standard Chartered appeared first on The Market Periodical.