Standard Chartered is revisiting its $UNI price target of $100, now thinking it might actually be too low. Here's why:
Since July 27, Uniswap's protocol has been generating an average of $244,222 per day in revenue. That's real cash flow, not just TVL vanity metrics.
Meanwhile, $UNI supply has dropped from 1 billion tokens to around 895 million. The mechanism? Fee revenue is being routed directly into token burns, creating deflationary pressure.
Yet $UNI is trading at $3.50. The market is essentially pricing in zero value from this revenue stream and supply reduction. It's a classic disconnect between fundamentals and price.
If you run the numbers on sustained daily revenue + shrinking supply, that $100 target starts looking less like hopium and more like basic math. The question is timing and whether the market will wake up to it before the next cycle peak.
Since July 27, Uniswap's protocol has been generating an average of $244,222 per day in revenue. That's real cash flow, not just TVL vanity metrics.
Meanwhile, $UNI supply has dropped from 1 billion tokens to around 895 million. The mechanism? Fee revenue is being routed directly into token burns, creating deflationary pressure.
Yet $UNI is trading at $3.50. The market is essentially pricing in zero value from this revenue stream and supply reduction. It's a classic disconnect between fundamentals and price.
If you run the numbers on sustained daily revenue + shrinking supply, that $100 target starts looking less like hopium and more like basic math. The question is timing and whether the market will wake up to it before the next cycle peak.