According to Standard Chartered analyst Geoff Kendrick, Uniswap's UNI token could surge nearly 40-fold to $100 by 2030 as Wall Street migrates tokenized assets on-chain. Kendrick, the investment bank's global head of digital assets, highlighted Uniswap's structural neutrality and automated market maker model as positioning the decentralized exchange as premier market infrastructure for traditional finance institutions.
UNI's supply has fallen to roughly 895 million from 1 trillion since the protocol's fee activation in December, with an ongoing annualized burn rate of approximately 1%. BlackRock's tokenized money market fund BUIDL, launched in February via UniswapX, exemplifies the emerging adoption of tokenized assets, with the asset manager planning to purchase UNI tokens.