Uniswap’s native token, UNI, surged by 12% to trade at 2.92 USD over the last 24 hours, following a highly bullish research report from Standard Chartered. The banking giant initiated coverage on the token with a long-term price target of 100 USD by the end of 2030, representing an estimated 40-fold increase from its price of approximately 2.50 USD at the time the report was compiled.
Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, explained that Uniswap holds a unique position to benefit from the projected boom in tokenized assets within decentralized finance (DeFi). The bank expects the value of active tokenized assets in the DeFi space to grow 37-fold between now and the end of the decade. As the largest decentralized exchange operating on the Ethereum network, Uniswap is ideally placed to capture a significant share of this growth.
Standard Chartered’s report suggests that if Uniswap successfully commercializes its platform and secures key traditional finance (TradFi) partnerships, its market capitalization-to-fees ratio could rise, closing the valuation gap with centralized competitors like Coinbase. The bank projects the UNI token to reach 6.50 USD by the end of 2026 before climbing to the 100 USD mark by 2030, potentially outperforming both Bitcoin and Ethereum over the same period.