Standard Chartered has initiated coverage on Uniswap (UNI) with a price target of $100 by the end of 2030, representing a roughly 40-fold increase from current levels. The bank's bullish outlook is driven by a projected 37-fold rise in tokenized assets entering decentralized finance (DeFi), from $340 billion today to $4 trillion by 2028. Geoffrey Kendrick, head of digital assets research, expects the share of tokenized assets active in DeFi to climb from 3.5% to 30% by 2030, implying $2.7 trillion locked in DeFi. Uniswap is seen as a key beneficiary due to its role as an all-purpose infrastructure layer, brand recognition, and dominance in correlated pair trading. Recent developments include tokenized stocks (SpaceX, Apple, Tesla) going live on Uniswap, BlackRock's BUIDL fund becoming tradable via UniswapX, and the protocol's token burn proposal and Unichain layer-2 network. However, UNI currently trades near $2.71, down 62% over the past year, with the bank's targets at $6.50 (2026), $20 (2027), $40 (2028), $65 (2029), and $100 (2030). Risks include regulatory uncertainty and the pace of tokenized asset adoption.

Key facts

• Standard Chartered initiates UNI coverage with $100 target by 2030, a 40x increase from current price.
• Bank projects tokenized assets in DeFi to surge 37x, reaching $2.7 trillion by 2030.
• Uniswap cited as key infrastructure for trading correlated pairs and real-world assets.
• Tokenized stocks (SpaceX, Apple, Tesla) and BlackRock's BUIDL fund now live on Uniswap.
• UNI currently trades at $2.71, down 62% over the past year, with regulatory risks lingering.