Uniswap’s UNI token could reach $100 by 2030, according to research from Standard Chartered that’s being cited by reports this week. The projection hinges on a big structural bet: that tokenized real-world assets — Treasuries, funds, credit, equities — move onto blockchain rails in a big way, and that Uniswap captures a meaningful slice of that trading activity. The original research note hasn’t been made public, so the story comes with a caution flag.
The $100 target
Standard Chartered’s analysts see UNI climbing from its current level to triple digits over the next four years. That’s not a near-term call — it’s a long-range scenario built on the assumption that tokenized assets become a major on-chain market. The bank isn’t making a partnership announcement or investing in UNI directly; it’s offering a valuation framework.
UNI has been notoriously hard to value using traditional equity metrics. Its token economics, governance structure, and the way protocol revenue flows — or doesn’t flow — to holders remain debated. A high-profile institutional price target gives the market a new lens: Uniswap as infrastructure for tokenized finance, not just a DEX for swapping memecoins.
Tokenized assets thesis
The core argument is straightforward. More real-world assets are moving on-chain. Tokenized Treasuries alone have grown to billions in supply. Funds, private credit, and eventually equities are expected to follow. If that trend accelerates, decentralized exchanges like Uniswap could see order flow from institutional players who currently trade these assets on traditional venues.
The $100 target assumes Uniswap captures a meaningful share of that activity. That’s a big if — competition from centralized exchanges, regulatory hurdles, and the technical challenge of settling tokenized securities are all real headwinds. Still, the forecast gives the market a concrete number to debate.
Caveats and context
Because the original Standard Chartered note isn’t public, the exact methodology behind the $100 target is unclear. Reports citing the research don’t specify the discount rate, market share assumptions, or timeline for tokenization adoption. That makes the projection hard to verify — and easy to dismiss as marketing.
But institutional price targets move sentiment. Even a speculative long-term number can shift how traders and funds think about a token. For UNI, which has struggled to find a valuation narrative beyond governance, a bank-backed scenario offers a new story: that Uniswap could be the settlement layer for the next wave of on-chain assets.
The forecast doesn’t come with a guarantee, and the market has seen plenty of bold price calls that never materialized. What it does is frame the debate around UNI’s future — and that debate will only get louder as tokenization moves from pilot projects to production.
