Standard Chartered Rethinks Uniswap Price Target. “$100 is Too Low”
Standard Chartered analyst Geoffrey Kendrick says his $100 UNI target for 2030 now looks too low. Six weeks of Robinhood Chain fees changed his math.
BeInCrypto checked his numbers against on-chain data. The core claim holds up. One supporting figure does not.
What Changed in 6 Weeks for the $100 UNI Target
In a June note, Standard Chartered projected a UNI price target of $100, implying a 37x upside fueled by expansion in decentralized finance (DeFi) assets. Analysts were split back then over the Uniswap fee switch debate and whether burns would ever matter.
Large wallets have moved since. UNI whale accumulation hit a five-year high this month. UNI was trading near $3.48 on Thursday, down 1.3% in the last 24 hours.
Robinhood Chain went live on July 2. Kendrick wrote to clients exactly 42 days later. Uniswap now handles 76.5% of all trading on the chain, according to DefiLlama data. Its pools moved $409 million in a single day.
