Standard Chartered puts a $100 target on Uniswap by 2030

A major bank bets on DeFi's next chapter

Standard Chartered (@StanChart) has initiated coverage on @Uniswap with a $100 price target for its governance token $UNI, setting one of the most bullish calls on a decentralized protocol from a tier-one bank to date. Geoff Kendrick, the bank's global head of digital assets research, sees $UNI climbing from under $3 today to $100 by 2030, a roughly 33x return, contingent on a large-scale migration of traditional financial assets onto DeFi infrastructure.

The thesis is grounded in a sweeping projection for the broader DeFi market. Standard Chartered argues the tokenized asset boom could help the DeFi market grow 37-fold from current levels by 2030, with total value locked reaching $2.7 trillion. Kendrick also projects that tokenized assets allocated inside DeFi protocols will expand to 30% of the total, a shift that would represent a fundamental change in how capital markets operate.

Why Uniswap sits at the center of the thesis

Kendrick argues that Uniswap could emerge as the key hub for trading tokenized assets, pointing to the protocol's scale, brand recognition, and operating experience across multiple market cycles. Traditional financial institutions, he adds, will prioritize security and trust when moving tokenized assets on-chain.

Kendrick specifically names tokenized real-world assets (RWAs), tokenized money-market funds, and U.S. equities as key drivers of future on-chain trading volume, all of which would flow through venues like @Uniswap. Founded in 2018 by Hayden Adams, Uniswap has grown from a simple Ethereum-based automated market maker into a protocol that, by mid-2026, has recorded $4.0 trillion in all-time volume and supports 119 million swappers.

The Uniswap call fits into a broader pattern of long-range conviction from Standard Chartered on digital assets. Kendrick has also maintained that Ethereum's current weakness masks its long-term potential, reiterating in a recent client note that the bank sees ETH reaching $4,000 by end-2026 and advancing to $40,000 by the end of the decade. The bank's willingness to assign formal price targets to DeFi-native tokens signals a growing institutional comfort with on-chain infrastructure as a core component of future financial markets.

For $UNI specifically, the $100 target remains a significant outlier versus consensus. Most third-party forecasts place the token in a far more modest range by 2030, reflecting uncertainty around regulatory developments, fee-switch implementation, and broader DeFi adoption curves. Standard Chartered's call is essentially a bet that the tokenization wave arrives on schedule and that @Uniswap captures a dominant share of the resulting volume.

Sources:
Standard Chartered Sees DeFi Growing 37-Fold by 2030 on Tokenized Asset Inflows (Bloomingbit)
Standard Chartered reaffirms Ethereum $40,000 target by 2030 (Yahoo Finance)