Standard Chartered analyst Jeff Kendrick stated that his 2030 price forecast of $100 for UNI may turn out to be too conservative, given the sharp increase in token burning driven by fees from Robinhood Chain.
Uniswap protocol revenue has increased 2.4 times since July 27, reaching $244,000 per day. All of this revenue is being used to buy back and burn UNI tokens; on an annual basis, this amounts to burning about 4% of all tokens in circulation—a pace Kendrick describes as unsustainable but one that could push the price higher than his forecasts.
60% of this revenue comes from Robinhood Chain, where Uniswap accounts for 86% of DEX trading volume.
Continue reading this article on source: thedefiant.io