UNI Surges 23% to $3.60 on Wednesday, Capping 50% Weekly Rally Amid Standard Chartered $100 Forecast

According to Standard Chartered forecasts, UNI surged 23% to $3.60 on Wednesday, capping a 50% seven-day rally for Uniswap's native token. The rally lifted UNI's market capitalization to $2.2 billion, a level last seen in May.

Standard Chartered predicts UNI will reach $100 by 2030, citing a projected 37-fold growth in tokenized decentralized finance (DeFi) assets to $2.7 trillion. The bank forecasts an interim target of $6.50 by year-end 2026. However, analysts including Omar Kanji have criticized Standard Chartered's valuation methodology, arguing the firm incorrectly attributed liquidity provider fees directly to UNI token holders.