Key highlights:
Standard Chartered analysts have predicted a seismic leap for Uniswap’s in the near-term. At press time, trading volumes for the native token have surged by 250% while prices are up 12%, indicative of soaring demand. Despite the frenetic activity around the token, UNI is trading 93% below its all-time high of $44 that it set back in mid-2021.
Tokenized assets moving to DeFi will fuel Uniswap’s dominance
Analysts at Standard Chartered are hinging their glowing predictions for UNI on the tokenized assets moving to DeFi. The bank is eyeing on-chain tokenized assets to climb from its present levels of $340 billion to $4 trillion by the end of 2028.
In its estimates, Standard Chartered predicted that tokenized assets on DeFi will rise to 30% by the end of the decade from 3% in 2026. The ripple effect of the projected growth will see the assets in Uniswap liquidity pools surge by 37x during the forecast window.
While the theory appears glowing for Uniswap, Kendrick argued that Uniswap has to play to its strengths to become the biggest winner. Already, Uniswap has several things working in its favor, including its role as an all-purpose infrastructure layer, its brand recognition, and its unmatched dominance in correlated pair trading.
Standard Chartered’s analysts opine that the biggest needlemover will be whether or not Uniswap can forge a raft of TradFi partnerships to scale. Per Kendrick, a streak of TradFi partnerships will see Uniswap close the gap between it and Coinbase, setting it up for mainstream success.
Source:: Standard Chartered Tips Uniswap’s UNI Crypto Price to Increase 33x by 2030