{"id":102988,"date":"2026-08-13T19:20:14","date_gmt":"2026-08-13T19:20:14","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/102988\/"},"modified":"2026-08-13T19:20:14","modified_gmt":"2026-08-13T19:20:14","slug":"standard-chartered-rethinks-uniswap-price-target-100-is-too-low","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/102988\/","title":{"rendered":"Standard Chartered Rethinks Uniswap Price Target. \u201c$100 is Too Low\u201d"},"content":{"rendered":"

\"Standard<\/a> Standard Chartered Uniswap. Photo by BeInCrypto <\/p>\n

Standard Chartered analyst Geoffrey Kendrick says his $100 UNI target for 2030 now looks too low. Six weeks of Robinhood Chain fees changed his math. <\/p>\n

BeInCrypto checked his numbers against on-chain data. The core claim holds up. One supporting figure does not. <\/p>\n

What Changed in 6 Weeks for the $100 UNI Target <\/p>\n

In a June note, Standard Chartered projected a UNI price target of $100, implying a 37x upside fueled by expansion in decentralized finance (DeFi) assets. Analysts were split back then over the Uniswap fee switch debate and whether burns would ever matter. <\/p>\n

Large wallets have moved since. UNI whale accumulation hit a five-year high this month. UNI was trading near $3.48 on Thursday, down 1.3% in the last 24 hours. <\/p>\n

\"Uniswap<\/a> Uniswap (UNI) Price Performance. Source: BeInCrypto <\/p>\n

Robinhood Chain went live on July 2. Kendrick wrote to clients exactly 42 days later. Uniswap now handles 76.5% of all trading on the chain, according to DefiLlama data. Its pools moved $409 million in a single day. <\/p>\n

That trading throws off fees. Uniswap collected $1.81 million of the chain’s $2.28 million in daily fees, or 78.8%. <\/p>\n

\"Uniswap<\/a> Uniswap Fees Paid on Robinhood Chain. Source: DefiLlama <\/p>\n

Those fees matter because of a change made in December 2025. Uniswap began using part of its revenue to buy and burn UNI, shrinking supply for good. <\/p>\n

A second switch covering Robinhood Chain went live on July 27. Burns have doubled since, Kendrick wrote, running at $90 million a year. <\/p>\n

That arithmetic holds up. At $3.48 per token, $90 million buys roughly 25.7 million UNI. Circulating supply is 624 million. So the burn rate is 4.1% per year. <\/p>\n

The scale shows over time. UNI launched with 1 billion tokens, and about 109 million have been destroyed. <\/p>\n

Kendrick called that pace unsustainable. Even at his end-2026 target of $6.50, the burn would still run near 2.2%. <\/p>\n

“I fear my 2030 UNI target of USD100 is too low!” Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, wrote in the latest note. <\/p>\n

Follow us on X\u00a0to get the latest news as it happens <\/p>\n

One supporting claim does not check out. Kendrick put Robinhood Chain’s total value locked just under $1 billion. <\/p>\n

DefiLlama counts $506.97 million working inside the chain’s apps. A wider measure of everything bridged onto the chain reaches $1.55 billion. His figure sits between the two. <\/p>\n

The gap matters less than it looks. Fees come from trading, not from parked money. <\/p>\n

Uniswap holds just 16.3% of the chain’s locked value, with lending vaults holding most of the rest. Yet it takes nearly four-fifths of the fees. <\/p>\n

\"Robinhood<\/a> Robinhood Chain DEX volume by liquidity source showing the Uniswap v2, v3, and v4 share behind the $100 UNI target, Source: Entropy Advisors The Same 6 Weeks Brought a Fight Over That Volume <\/p>\n

Uniswap launched Pools.trade on the same chain on August 5. It lets anyone create a token and send it straight into Uniswap pools. <\/p>\n

Creators pick a four-hour bidding window or an instant launch. Uniswap charges no launchpad fee beyond a 0.25% cut for liquidity providers, while rivals typically take close to 1%. <\/p>\n

That undercut drew a response. 0xDeployer, a pseudonymous developer, is building a competing launchpad with SushiSwap. <\/p>\n

He accused Uniswap of trying to control the whole stack and is issuing a separate token to fund the effort. <\/p>\n

However, the challenger starts far behind. SushiSwap handles 0.45% of Robinhood Chain trading, compared to Uniswap’s 76.5%. <\/p>\n

Another developer, 0xbeans, disputed the technical complaint. Uniswap’s v4 code is under a license that blocks commercial copies until June 15, 2027, after which it opens fully. <\/p>\n

Hooks, the add-on contracts that customize pools, were never restricted. <\/p>\n

The pattern is old. SushiSwap itself launched in 2020 by copying Uniswap’s code and paying traders to move their liquidity over. <\/p>\n

Early chain volume leans heavily toward meme coins on Robinhood, where launch venues compete hardest. <\/p>\n

So six weeks delivered both the fee flow and a challenger for it. Kendrick’s burn math rests on volume Uniswap does not own. <\/p>\n

It rents that volume from traders who can leave. Whether $100 proves too low depends on how long they stay. <\/p>\n

Read the Original story Standard Chartered Rethinks Uniswap Price Target. “$100 is Too Low”<\/a> by Lockridge Okoth at beincrypto.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered Uniswap. Photo by BeInCrypto Standard Chartered analyst Geoffrey Kendrick says his $100 UNI target for 2030…\n","protected":false},"author":2,"featured_media":102989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[22791,33862,20677,30361],"class_list":["post-102988","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-geoffrey-kendrick","tag-robinhood-chain","tag-standard-chartered","tag-uni"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117089823768718698","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/102988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=102988"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/102988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/102989"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=102988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=102988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=102988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}