Standard Chartered Tips Uniswap’s UNI Crypto Price to Increase 33x by 2030

Standard Chartered analysts have predicted a seismic leap for Uniswap’s UNI, tipping the native token to trade as high as $100 before the end of the decade. Within hours of the price prediction, UNI price has surged by over 12%, but the asset still requires a 33x growth spurt to achieve the ambitious projections.

Standard Chartered eyes $100 price for UNI

The research arm of Standard Chartered triggered a frenzy among crypto investors with a stunning projection for UNI, the native token of Uniswap, the largest decentralized exchange (DEX). Geoff Kendrick, Global Head of Digital Assets Research, noted that UNI can trade at $100 by the end of 2030. 

Currently trading at just over $3, Standard Chartered's UNI price prediction represents a 33x leap for UNI, with the bank’s analyst tipping it to outperform Bitcoin and Ethereum by the end of the decade.

Source: Standard Chartered Research

Standard Chartered is targeting BTC and ETH to close the decade at $500,000 and $40,000, respectively. For context, the bank is tipping BTC and ETH to grow by about 7x and 20x, respectively, compared to UNI’s forecasted 33x returns by 2030.

“We initiate coverage of Uniswap with a UNI-USD price forecast of USD 100 by end-2030, a 40x increase from today’s USD 2.50 level,” wrote Kendrick. “This would see UNI outperform both ETH and BTC through end-2030.”

Standard Chartered’s predictions come on the heels of previous bullish forecasts for UNI in the near-term. At press time, trading volumes for the native token have surged by 250% while prices are up 12%, indicative of soaring demand. 

Despite the frenetic activity around the token, UNI is trading 93% below its all-time high of $44 that it set back in mid-2021.

Tokenized assets moving to DeFi will fuel Uniswap’s dominance

Analysts at Standard Chartered are hinging their glowing predictions for UNI on the tokenized assets moving to DeFi. The bank is eyeing on-chain tokenized assets to climb from its present levels of $340 billion to $4 trillion by the end of 2028.

In its estimates, Standard Chartered predicted that tokenized assets on DeFi will rise to 30% by the end of the decade from 3% in 2026. The ripple effect of the projected growth will see the assets in Uniswap liquidity pools surge by 37x during the forecast window.

While the theory appears glowing for Uniswap, Kendrick argued that Uniswap has to play to its strengths to become the biggest winner. Already, Uniswap has several things working in its favor, including its role as an all-purpose infrastructure layer, its brand recognition, and its unmatched dominance in correlated pair trading.

Standard Chartered’s analysts opine that the biggest needlemover will be whether or not Uniswap can forge a raft of TradFi partnerships to scale. Per Kendrick, a streak of TradFi partnerships will see Uniswap close the gap between it and Coinbase, setting it up for mainstream success.