Standard Chartered Analyst Predicts Higher UNI Target for 2030

Geoff Kendrick, the Global Head of Digital Asset Research at Standard Chartered Bank, has revised his outlook on the future valuation of Uniswap (UNI). According to recent reports, Kendrick suggested that the long-term price targets set in June 2024 may now be undervaluing the asset’s potential. This adjustment comes as the decentralized exchange (DEX) demonstrates significant growth in revenue generation and aggressive token-burning mechanisms, particularly through its integration with emerging networks like the Robinhood Chain.

Rising Protocol Revenue and Token Burn Metrics

The fundamental driver behind this optimistic reassessment is the substantial increase in protocol earnings. Data from DefiLlama indicates that between July 27 and August 12, 2026, the Uniswap protocol generated an average daily revenue of $16,222. This figure represents a notable uptick compared to the previous 17-day average of $13,770.

• Annualized Revenue: At current performance levels, the protocol is on track to generate approximately $5.1 million annually.
• Deflationary Pressure: All related revenue is currently being utilized to repurchase and burn UNI tokens, reducing the total circulating supply.
• Network Expansion: The Robinhood Chain has become a primary catalyst for these fee collections over the past week.

Strategic Implications for the Uniswap Ecosystem

The shift in valuation logic reflects a broader trend where decentralized finance (DeFi) platforms are being judged by their ability to provide sustainable value to token holders. By automating the buyback and burn process, Uniswap is effectively linking its market capitalization to its actual utility and trading volume. The use of fees to consolidate the token supply is a mechanism often favored by institutional analysts as it mirrors corporate share buyback programs.

The price target set for UNI by the end of 2030 in June may be too low, citing that Uniswap is currently quickly burning tokens with fees earned on Robinhood Chain.

The sustained increase in activity across multiple blockchain layers suggests that the initial projections made earlier in the year did not fully account for the efficiency of the current burn rate. As Uniswap continues to dominate the DEX landscape, the correlation between high trading volumes and token scarcity is expected to intensify.

In conclusion, the updated stance from Standard Chartered highlights the evolving financial maturity of the Uniswap protocol. With annualized revenues surpassing $5 million and a rigorous deflationary strategy in place, the long-term trajectory for UNI appears more robust than previously estimated. Investors and market participants continue to monitor whether these revenue levels can be sustained as the DeFi sector faces ongoing regulatory and competitive shifts.