Standard Chartered Sets $100 UNI Target by 2030 as Tokenized Assets Expand

Standard Chartered reportedly initiated coverage of Uniswap (UNI), projecting a potential $100 UNI price by end-2030. The bullish case links UNI upside to tokenized assets scaling to roughly $4T by 2028 and to the share of tokenized value that is actively used in DeFi rising from ~3.5% to ~30% by 2030. In this scenario, Uniswap could act as core liquidity infrastructure, turning fragmented on-chain instruments into composable, around-the-clock markets. The earlier note emphasized Uniswap’s UNI economics: the UNIfication upgrade introduced fee mechanics and a UNI burn, later expanded via governance. The report cited about $21M in protocol fees since the fee switch and ~5M UNI burned, alongside reduced supply (total down from 1B to ~895M; circulating around ~622M). It laid out a multi-year price path (e.g., ~$6.50 end-2026, $20 end-2027, $40 end-2028, $65 end-2029, $100 end-2030). The later article adds a key institutional risk: much tokenized RWA activity is permissioned. It highlights BlackRock’s BUIDL trading on UniswapX via RFQ with whitelisted participants—using Uniswap tech, but not fully opening access. The concern is that tokenized assets may still settle through controlled bank/broker rails, which could limit open-market execution and the direct translation into UNI capture. Trader context: UNI was referenced near ~$3.02 with ~ $353.9M daily volume; Uniswap TVL was cited near ~$2.89B and 30-day fees above ~$50M. For the UNI bull thesis to play out, traders should watch whether tokenized RWA activity becomes “active on-chain” in a way that increases durable Uniswap execution volume and fees, not just token issuance.