Standard Chartered Bank initiated coverage of Uniswap (UNI) on June 15 with a $100 end-2030 price forecast, representing a 40-fold increase from the current $2.50 level, according to a report by Geoff Kendrick, the bank's Global Head of Digital Assets Research. The forecast stems from projected growth in tokenized assets moving on-chain and increased activity across decentralized finance protocols. Uniswap, the largest decentralized exchange, stands to benefit as the bank expects tokenized assets to expand from $340 billion today to $4 trillion by end-2028, with DeFi-active assets reaching 30% of that total by end-2030.
Standard Chartered Sets $100 UNI Target With Yearly Price Milestones
Standard Chartered forecasts UNI-USD at $6.50 in 2026, $20 in 2027, $40 in 2028, $65 in 2029, and $100 in 2030. The bank also forecasts ethereum at $40,000 and bitcoin at $500,000 by the end of the decade. Kendrick wrote that the $100 target "would see UNI outperform both ETH and BTC through end-2030."
The investment case depends on Uniswap capturing more protocol fees as DeFi markets expand. The report states that stronger commercialization and traditional finance partnerships could lift Uniswap's market capitalization-to-transaction fees multiple and narrow its gap with Coinbase, the largest U.S. cryptocurrency exchange.
![Standard Chartered Uniswap forecast chart]()
Standard Chartered's UNI price forecast and tokenized asset projections through 2030
Tokenized Assets Projected to Reach $4 Trillion by End-2028
Standard Chartered projects that tokenized assets on-chain will rise to $4 trillion by the end of 2028 from $340 billion today. The bank also expects the share of tokenized assets active in DeFi to rise to 30% by the end of 2030 from 3.5% today.
Current activity remains concentrated in a small portion of tokenized markets. The report estimates that DeFi activity now includes about 3% of stablecoins and 10% of real-world assets. Those figures support the bank's projection for $2.7 trillion of assets locked in DeFi by end-2030. Kendrick noted: "We expect the value of tokenised assets active in DeFi to grow 37x between now and end-2030."
Uniswap's liquidity pools could expand as more tokenized assets enter DeFi markets. The report cites the protocol's all-purpose infrastructure, long operating history, recognizable brand, and current dominance in highly correlated pair trading as advantages for scaling with institutional activity. Standard Chartered states that traditional finance firms may need decentralized venues to trade naturally correlated tokenized assets through liquidity pools, a function TradFi cannot perform alone. The report also links DeFi growth to Ethereum, where much of the sector's value remains concentrated and many protocols originated.
FAQ
What price target did Standard Chartered set for UNI by 2030?
Standard Chartered set a $100 end-2030 price target for UNI in a June 15 report, representing a 40-fold increase from the current $2.50 level.
How much does Standard Chartered expect tokenized assets to grow by end-2028?
Standard Chartered projects tokenized assets on-chain will rise from $340 billion today to $4 trillion by the end of 2028, with DeFi-active assets reaching 30% of that total by end-2030.
What are Standard Chartered's forecasts for ETH and BTC by 2030?
The bank forecasts ethereum at $40,000 and bitcoin at $500,000 by the end of 2030, with UNI expected to outperform both assets through that timeframe.
