Uniswap's UNI token surged 13.8% to $2.99 in 24 hours after Standard Chartered initiated coverage with a long-term price target of $100 by 2030. The forecast, issued by Geoffrey Kendrick, Head of Digital Assets Research, immediately captured market attention, pushing daily trading volume above $404 million and briefly lifting UNI to $3.01.
Why Standard Chartered Sees Major Upside
The bank's bullish thesis centers on the rapid expansion of tokenized real-world assets (RWAs). Standard Chartered estimates tokenized assets—including stablecoins and tokenized versions of government bonds, money market funds, equities, and real estate—could grow from approximately $340 billion today to around $4 trillion by 2028. Furthermore, the bank projects that the share of these assets actively used in decentralized finance (DeFi) could rise from roughly 3.5% to 30% by 2030, potentially pushing assets deployed across DeFi platforms to nearly $2.7 trillion—a 37-fold increase from current levels.
As one of the largest decentralized exchanges, Uniswap could become a key venue for trading these tokenized assets, driving higher liquidity, larger trading volumes, and stronger protocol revenues. The bank's projected price path for UNI is gradual: $6.50 in 2026, $20 in 2027, $40 in 2028, $65 in 2029, and $100 by 2030.
The Caveat Investors Should Not Ignore
The $100 target is heavily dependent on future adoption rather than current fundamentals. Standard Chartered's thesis assumes traditional finance will increasingly migrate on-chain over the next several years. While tokenization has gained momentum, there is no guarantee institutions will adopt DeFi at the expected pace. Liquidity fragmentation also poses a risk—tokenized assets can be issued across multiple blockchains, potentially spreading trading activity rather than concentrating it on a single protocol like Uniswap.
Moreover, tokenizing assets does not automatically create active markets for them. A bond or equity can exist on a blockchain without generating meaningful trading volume. For Uniswap to fully benefit, those assets must attract sustained trading activity. This is the key caveat: the forecast assumes not only that tokenized assets will grow into a multi-trillion-dollar market, but also that a meaningful share of that activity will flow through decentralized exchanges.
Uniswap Price Analysis
Technically, UNI's price broke above its 7-day simple moving average (SMA) of $2.626 and its 30-day SMA of $2.945, reinforcing bullish momentum. However, the Relative Strength Index (RSI 14) has climbed above 78, pushing the token into overbought territory. Historically, RSI above 70 signals strong buying pressure but also suggests a period of consolidation or profit-taking may be imminent.
In the near term, traders should watch the immediate pivot level near $2.97. Holding above this level could allow UNI to challenge resistance around $3.10, where a major descending trendline intersects with price action. A successful break above $3.10 would strengthen the case for a broader trend reversal after months of weakness. Conversely, failure to hold current levels could open the door for a retracement toward the $2.75 support zone.
For context on broader market trends, see our coverage of Solana Bulls Target $85 as ETF Inflows Reverse Last Week's Outflow Streak and HYPE Price Targets $100 as Hyperliquid Volume and ETF Inflows Surge.
This article is for informational purposes only and does not constitute financial advice.
