Standard Chartered · Tokenization · Chainlink · Bitcoin · Ethereum · Decrypt
Standard Chartered Sees $4 trillion Tokenization Driving Chainlink to $200 by 2030
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★ Tier-1 Source
Standard Chartered has initiated coverage of Chainlink with a price target of $200 by the end of 2030, implying a roughly 25-fold gain from around $8 today and outperformance of both Bitcoin and Ethereum over the period.
Key facts
- The note says more than $7 billion in token value has moved from legacy bridges to Chainlink's CCIP since a $292 million exploit in April, with quarterly CCIP volume reaching $4.9 billion
- Standard Chartered has initiated coverage of Chainlink with a price target of $200 by the end of 2030, implying a roughly 25-fold gain from around $8 today and outperformance of both Bitcoin
- Geoff Kendrick, the bank's global head of digital assets research, laid out staged targets in a note published Monday: $13 by the end of this year, then $41, $82 and $133 before reaching $200
- He set targets of $100 for Uniswap and $3,500 for Aave in June, and $60 for Morpho in July
Summary
Standard Chartered initiated coverage of Chainlink on Monday with a price target of $200 by end-2030, up from around $8 today. The bank expects tokenized assets on-chain to reach $4 trillion by end-2028 and assets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030. LINK was trading at around $8.25 Monday, down 0.8% on the day, according to CoinGecko. Geoff Kendrick, the bank's global head of digital assets research, laid out staged targets in a note published Monday: $13 by the end of this year, then $41, $82 and $133 before reaching $200.