UNI's $100 price target by end of 2030 may be too low, Standard Chartered research head says revenue will be used for buybacks and burns

Odaily News: Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, stated that the $100 price target set for UNI by the end of 2030 in June may be too low. Uniswap is currently using the fee revenue generated from Robinhood Chain to rapidly burn tokens. According to DeFiLlama data, Uniswap protocol's average daily revenue from July 27 to August 12 was $244,200, higher than the average daily revenue of $99,800 over the previous 17 days. Annualized at current levels, this amounts to approximately $89.1 million, with all related revenue being used to buy back and burn UNI.