Standard Chartered said on July 17 that its $100 end-2030 price target for UNI may be too low, citing the rate at which Uniswap is now burning tokens with fees earned on Robinhood Chain. Uniswap protocol revenue reached $89.1 million annualized between July 27 and August 12, versus the $90 million estimated by the bank. At $3.53, this represents approximately 25 million tokens burned per year, or 4% of the 624.2 million in circulation. Uniswap’s deployment on Robinhood Chain generated $925,054 over the past seven days, accounting for 60% of total protocol revenue. UNI is down 6.7% over 24 hours and 13.4% over the week, with a market capitalization of $2.2 billion.
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