Key TakeawaysGeoffrey Kendrick from Standard Chartered believes his $100 UNI forecast for 2030 may be underestimatedThe decentralized exchange dominates Robinhood Chain with a 76.5% market share, capturing $1.81M from $2.28M in daily feesAnnual token burns have reached approximately $90M, eliminating around 4% of circulating supply each yearOver the last week, Robinhood Chain has contributed 60% of Uniswap’s entire protocol revenueSushiSwap-backed developers are creating a competing launchpad to challenge Uniswap’s dominanceWhen Geoffrey Kendrick of Standard Chartered published his $100 UNI price projection in June, he anticipated a 37x surge by 2030 fueled by decentralized finance expansion. Six weeks have passed, and his perspective has shifted — not because the forecast was incorrect, but because it might actually be too modest.JUST IN:STANDARD CHARTERED SAYS ITS OWN $100 UNI TARGET IS TOO LOW@StanChart analyst says its 2030 $UNI price target of $100 may be too conservative.@Uniswap's protocol revenue has tripled since July, with Robinhood Chain driving 60% of it, funding $90M annualized UNI… pic.twitter.com/UAkDg6QSao— The Defiant (@DefiantNews) August 13, 2026Trading around $3.48 on Thursday, UNI experienced a roughly 3% decline during the session. Blockchain analytics indicate that whale accumulation has reached its highest level in five years this month.Uniswap (UNI) PriceFollowing its July 2 launch, Robinhood Chain saw Uniswap seize control of 76.5% of all trading activity within just 42 days, according to DefiLlama statistics. On peak days, its liquidity pools have facilitated $409 million in trading volume.This trading activity translates directly into fee revenue. Of the chain’s $2.28 million in daily fees, Uniswap captured $1.81 million — representing a 78.8% share despite controlling only 16.3% of the chain’s total value locked.Understanding the Token Burn MechanicsSince December 2025, a fee-sharing system has directed portions of Uniswap’s protocol revenue toward purchasing and permanently removing UNI tokens from circulation. The mechanism expanded to include Robinhood Chain on July 27, effectively doubling the burn velocity.Robinhood Chain is here, and Uniswap is the primary public AMM from day oneUniswap Protocol and UniswapX are live alongside support in Uniswap Web App, Wallet, and APISwap, provide liquidity, and explore the chain built for real-world assets pic.twitter.com/ZYOEh3ES56— Uniswap (@Uniswap) July 1, 2026According to Kendrick’s calculations, the annualized burn rate currently sits between $89 and $90 million. With UNI trading at $3.48, approximately 25.7 million tokens are eliminated annually — representing about 4% of the 624 million tokens currently in circulation.From an initial supply of 1 billion tokens, roughly 109 million have been permanently burned to date.Even if UNI reaches Kendrick’s end-2026 projection of $6.50, the burn mechanism would still eliminate approximately 2.2% of supply per year. Data from the past week shows Robinhood Chain alone generated $925,000 of Uniswap’s $1.55 million in total protocol earnings.Competitive Challenges EmergeUniswap introduced Pools.trade, its proprietary token launchpad on Robinhood Chain, on August 5. The platform charges zero launchpad fees apart from a standard 0.25% fee for liquidity providers — significantly lower than the approximately 1% charged by competing platforms.A developer operating under the pseudonym 0xDeployer is constructing a competing launchpad alongside SushiSwap, claiming Uniswap seeks to monopolize the entire chain infrastructure. A separate token is being launched to finance this initiative.Currently, SushiSwap processes merely 0.45% of Robinhood Chain’s trading volume, while Uniswap commands 76.5%.From July 27 through August 12, Uniswap’s average daily revenue climbed to $244,000 — a 2.4x jump from the preceding 17-day average of $99,800.The post Uniswap (UNI) Token Burns Reach $90M Annually as Standard Chartered Questions $100 Price Target appeared first on Blockonomi.