🦄 Standard Chartered now thinks its $100 $UNI target might be too low Standard Chartered analyst Geoffrey Kendrick says his $100 price target for UNI by 2030 may already be too conservative as Uniswap’s fee revenue and token burns accelerate. Since July 27, Uniswap’s average daily protocol revenue has climbed to around $244K, implying roughly $89M in annualized buybacks and burns. At current prices, that would remove around 4% of UNI’s circulating supply per year. A major driver is Robinhood Chain, which has been generating a significant share of Uniswap’s recent revenue. So the thesis is changing: if Uniswap can keep generating fees at scale while using them to reduce UNI supply, $100 may not be the ceiling Standard Chartered initially expected. Of course, the current burn rate itself may not be sustainable indefinitely. But the fact that a major bank is already reconsidering a 37x UNI target is pretty notable. Anyway, DYOR! #BTC Price Analysis# #UNI