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Uniswap Token News
Standard Chartered Bank initiated coverage of Uniswap (UNI) on June 15, publishing a research note that set a price target of $100 for the token by the end of 2030. Geoffrey Kendrick, the bank’s global head of digital assets research, authored the note and projected that UNI would outperform both Bitcoin (BTC) and Ethereum (ETH) across that period. At UNI’s June 15 trading price near $2.72, the target implies a gain of roughly 40x.
Kendrick’s forecast is grounded in an expected surge of tokenized real-world assets entering DeFi protocols over the next four years. He projects that total tokenized assets on-chain will grow from approximately $340 billion as of June 2026 to $4 trillion by the end of 2028.
The share of those assets actively deployed in decentralized finance is expected to climb from 3.5% to 30% by 2030, pushing total value locked across DeFi to approximately $2.7 trillion. That level would mark a 37x increase from current deposits and give Uniswap’sliquidity pools 37x more capital to trade against. Protocol fees on Uniswap scale in direct proportion to trading volume, so revenue would grow automatically alongside on-chain asset activity.
Kendrick described Uniswap as open TradFi-compatible infrastructure that traditional finance institutions can plug into once tokenized assets reach sufficient scale, positioning it differently from retail-facing decentralized exchange applications. He drew a parallel between Uniswap and YouTube and between Coinbase and Netflix, with Uniswap offering an open platform where any participant can create and fund liquidity pools while Coinbase manages its own trading environment directly.
Because external users supply the liquidity rather than the protocol itself, Uniswap requires less capital to operate than a centralized exchange model. Uniswap has processed more than $3.7 trillion in cumulative trading volume since its 2018 launch and generated$5.6 billion in total fees, according to DeFiLlama. Despite handling comparable transaction volumes to Coinbase, UNI trades at a significantly lower market-capitalization-to-fee multiple, a gap Kendrick said stronger commercialization and deeper institutional partnerships could narrow over time.
In February, BlackRock made its BUIDL tokenized money market fund accessible through UniswapX, an auction-based order-routing protocol developed by Uniswap, with tokenization platform Securitize managing on-chain issuance. A person familiar with the matter told that BlackRock also planned to purchase UNI tokens as part of that arrangement.
UNIfication Upgrade Cuts UNI Supply to 895M
A December 2025 protocol upgrade called UNIfication activated fees at the Uniswap protocollevel for the first time, with subsequent governance votes extending that coverage to additional liquidity pools. The upgrade also introduced a programmatic burn mechanism that destroys UNI tokens in proportion to accumulated fee revenue. Since activation, the protocol has collected approximately $21 million in fees and burned around 5 million UNI tokens, at an annualized rate of roughly 1% of total supply.
Related Article:How to Build a Uniswap V4 Hooks Trading Bot with CoinMarketCap API
A separate one-time retroactive burn removed an additional 100 million tokens from circulation, bringing total UNI supply down from 1 billion to approximately 895 million, with circulating supply falling to 622 million. Kendrick set year-by-year targets of $6.50 for UNI by end of 2026, $20 by end of 2027, $40 by end of 2028, $65 by end of 2029, and $100 by end of 2030.
Kendrick flagged competition from smaller decentralized exchanges as a primary downside risk, alongside the difficulty of securing real-world asset trading flows without established ties to traditional financial institutions. He also noted that Uniswap V4’s hook system, which allows liquidity pools to run custom logic, has not been tested at the volumes his 2030 projections assume. Potential passage of the US CLARITY Act or new SEC guidance on tokenization could reduce some of that regulatory uncertainty for the sector, he added.
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Source: coinmarketcap.com