A major global bank projecting a 40x return on a DeFi token is not something that happens every day. When it does, the blockchain receipts tend to show up fast.
Following Standard Chartered’s June 15 initiation of coverage on Uniswap’s UNI token, with a long-term price target of $100 by the end of 2030, whale transactions on the protocol surged to a seven-month high. Active addresses simultaneously hit a four-month peak, according to data from Santiment. The token itself rallied approximately 20-24% in the sessions after the report dropped, before pulling back somewhat.
What Standard Chartered actually said
The bank’s analyst Geoff Kendrick laid out a stepped forecast that reads like a DeFi bull’s dream journal. The projections: $6.50 by the end of 2026, $20 by end of 2027, $40 by end of 2028, $65 by end of 2029, and the headline number, $100 by the close of 2030.
At the time of the report, UNI was trading around $2.50. So that $100 figure implies a roughly 40x increase over a four-and-a-half-year horizon.
