$UNI
🦄 Standard Chartered’s $100 UNI target may prove too conservative
Standard Chartered analyst Geoff Kendrick said his $100 price target for Uniswap by 2030 looks increasingly conservative amid a sharp rise in protocol revenue and UNI burns.
Since July 27, Uniswap’s revenue has grown 2.4x — to roughly $244,000 per day. The funds are being used to buy back and burn UNI: at the current pace, around $90M is set to leave circulation annually, or about 4% of circulating supply at current prices.
The bank believes this momentum could push UNI above the previously set $100 target.
🦄 Standard Chartered’s $100 UNI target may prove too conservative
Standard Chartered analyst Geoff Kendrick said his $100 price target for Uniswap by 2030 looks increasingly conservative amid a sharp rise in protocol revenue and UNI burns.
Since July 27, Uniswap’s revenue has grown 2.4x — to roughly $244,000 per day. The funds are being used to buy back and burn UNI: at the current pace, around $90M is set to leave circulation annually, or about 4% of circulating supply at current prices.
The bank believes this momentum could push UNI above the previously set $100 target.