Standard Chartered says UNI 2030 price target may be too low as Uniswap token burns accelerate via Robinhood Chain
Standard Chartered analysts, led by Geoff Kendrick, stated that their $100 UNI price target for 2030 may be too low, citing Uniswap protocol revenue averaging about $244,222 per day since July 27 with token burns annualizing to roughly $89-90 million, with Robinhood Chain supplying about 60% of protocol revenue.
Detected & updated continuously · Source: Nebula
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@WizzyOnChain
JUST IN: Standard Chartered says UNI's $100 price target may be too conservative. Uniswap's token burn is accelerating via Robinhood Chain integration, tightening supply. The scarcity thesis reshapes the upside case. https://t.co/SQ3Y93SP1R
@hoodcoded
Standard Chartered says $100 UNI target may be low as Robinhood Chain supplies 60% of Uniswap protocol revenue (@Uniswap) https://t.co/cQU3XQY52J
@Cointelegraph
🚨 UPDATE: Robinhood Chain is nearing $1 billion in TVL, with Uniswap liquidity driving UNI token burns at an annualized pace of roughly $90 million, according to Standard Chartered. https://t.co/SWguv7tD0d
@blckchaindaily
🚨 ROBINHOOD CHAIN NEARS $1B TVL WITH UNISWAP LIQUIDITY DRIVING $90M ANNUALIZED UNI TOKEN BURNS: STANDARD CHARTERED $HOOD $UNI
@BSCNews
Standard Chartered says its $100 UNI target may now be too low @StanChart's Geoff Kendrick pointed to @Uniswap protocol revenue averaging $244,222 a day since July 27, about 2.4 times the prior stretch. All of it buys and burns UNI, a pace he called unsustainable at current https://t.co/q7Zr3HtcvJ
@UKMiller
Robinhood Chain nears $1B TVL as Uniswap drives liquidity: Standard Chartered https://t.co/zivAgXAdaZ https://t.co/NiHb9KASo1
@TheBlockCo
THE BLOCK: Standard Chartered's Geoffrey Kendrick says his $100 ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 price target for 2030 may be "too low," as the Uniswap-Robinhood partnership is going better than he expected. Since the Robinhood-linked fee switch was turned on https://t.co/p3fcdwyNv7
@CoinMarketCap
LATEST: 📈 Standard Chartered says its $100 UNI price target for 2030 may be too low, as Uniswap’s token burn rate annualizes to $89.1M, with Robinhood Chain supplying about 60% of protocol revenue. https://t.co/E46Fk4nvzb