Uniswap (UNI) Price: Standard Chartered’s $100 Target “Too Low” as Token Burns Hit $90M a Year

TLDR

Standard Chartered analyst Geoffrey Kendrick now thinks his $100 UNI price target for 2030 is too conservative Uniswap controls 76.5% of trading on Robinhood Chain, collecting $1.81M of the chain’s $2.28M in daily fees Uniswap is burning roughly $90M worth of UNI per year — about 4% of circulating supply annually Robinhood Chain accounts for 60% of Uniswap’s total protocol revenue over the past seven days A rival launchpad backed by SushiSwap is being built to challenge Uniswap on the same chain

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Standard Chartered’s Geoffrey Kendrick set a $100 price target for UNI back in June, calling for a 37x rise by 2030 driven by growth in decentralized finance. Six weeks later, he’s changed his mind — not because the target is wrong, but because it may not be high enough.

JUST IN:

STANDARD CHARTERED SAYS ITS OWN $100 UNI TARGET IS TOO LOW@StanChart analyst says its 2030 $UNI price target of $100 may be too conservative.@Uniswap's protocol revenue has tripled since July, with Robinhood Chain driving 60% of it, funding $90M annualized UNI… pic.twitter.com/UAkDg6QSao

— The Defiant (@DefiantNews) August 13, 2026

UNI was trading near $3.48 on Thursday, down around 3% on the day. Whale accumulation has hit a five-year high this month, according to on-chain data.

Uniswap (UNI) Price

Robinhood Chain launched on July 2. Within 42 days, Uniswap had captured 76.5% of all trading activity on the chain, per DefiLlama. On a single day, its pools processed $409 million in volume.

That volume generates fees. Uniswap collected $1.81 million out of the chain’s total $2.28 million in daily fees — a 78.8% share despite holding just 16.3% of the chain’s total locked value.

Why the Burn Rate Matters

A fee-sharing mechanism launched in December 2025 means part of Uniswap’s protocol revenue is now used to buy and burn UNI tokens. A second switch covering Robinhood Chain went live on July 27, doubling the burn rate.

Robinhood Chain is here, and Uniswap is the primary public AMM from day one

Uniswap Protocol and UniswapX are live alongside support in Uniswap Web App, Wallet, and API

Swap, provide liquidity, and explore the chain built for real-world assets pic.twitter.com/ZYOEh3ES56

— Uniswap (@Uniswap) July 1, 2026

Kendrick estimates the annualized burn now runs at around $89–90 million. At the current price of $3.48, that means roughly 25.7 million UNI tokens are destroyed each year — about 4% of the 624 million in circulation.

Uniswap launched with 1 billion tokens. Around 109 million have been burned so far.

Even at Kendrick’s end-2026 target of $6.50, the burn rate would still destroy roughly 2.2% of supply annually. Robinhood Chain alone contributed $925,000 of Uniswap’s $1.55 million in total protocol revenue over the past seven days.

Competition Enters the Picture

Uniswap launched its own token launchpad, Pools.trade, on Robinhood Chain on August 5. It charges no launchpad fee beyond a standard 0.25% cut for liquidity providers — well below the roughly 1% taken by competitors.

A developer known as 0xDeployer is building a rival launchpad in partnership with SushiSwap, accusing Uniswap of trying to dominate the full chain stack. A separate token is being issued to fund the effort.

SushiSwap currently handles just 0.45% of Robinhood Chain trading volume, compared to Uniswap’s 76.5%.

Between July 27 and August 12, Uniswap’s daily average revenue hit $244,000 — a 2.4x increase from the previous 17-day average of $99,800.

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