Standard Chartered Raises UNI Price Target Amid Unsustainable 4% Annual Burn Rate

Geoff Kendrick cites faster-than-expected fee burns on Robinhood Chain, noting a 4% annual supply reduction that challenges long-term sustainability and implies higher valuation.

Woofun AI notes that Standard Chartered's Geoff Kendrick suggests his previous $100 UNI price target by end-2030 may be conservative due to accelerated protocol fee burns on Robinhood Chain. Data indicates Uniswap generated average daily revenue of $244,000 between July 27 and August 12, equating to $89.1 million annually, all used for UNI buybacks and burns. At the current price of $3.53, this represents a 4% annual burn of the 624.2 million token supply, a rate Kendrick describes as "clearly unsustainable." Even at a $6.5 target for end-2026, the burn rate remains at 2.2%. Over the past seven days, Uniswap earned $1.55 million in total revenue, with Robinhood Chain contributing $925,000, or 60%, leveraging deployed versions v2, v3, v4, and UniswapX.