Uniswap (UNI) Price: Standard Chartered’s $100 Target “Too Low” as Token Burns Hit $90M a Year

TLDR

• Standard Chartered analyst Geoffrey Kendrick now thinks his $100 UNI price target for 2030 is too conservative
• Uniswap controls 76.5% of trading on Robinhood Chain, collecting $1.81M of the chain’s $2.28M in daily fees
• Uniswap is burning roughly $90M worth of UNI per year — about 4% of circulating supply annually
• Robinhood Chain accounts for 60% of Uniswap’s total protocol revenue over the past seven days
• A rival launchpad backed by SushiSwap is being built to challenge Uniswap on the same chain

Standard Chartered’s Geoffrey Kendrick set a $100 price target for UNI back in June, calling for a 37x rise by 2030 driven by growth in decentralized finance. Six weeks later, he’s changed his mind — not because the target is wrong, but because it may not be high enough.

JUST IN:

STANDARD CHARTERED SAYS ITS OWN $100 UNI TARGET IS TOO LOW@StanChart analyst says its 2030 $UNI price target of $100 may be too conservative.@Uniswap's protocol revenue has tripled since July, with Robinhood Chain driving 60% of it, funding $90M annualized UNI… pic.twitter.com/UAkDg6QSao

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