Standard Chartered sees Chainlink price rising 25x by 2030

Standard Chartered has initiated coverage of Chainlink with a $200 LINK price target for the end of 2030, a roughly 25-fold increase from its current price near $8, as the bank expects tokenization and decentralized finance activity to drive higher demand for Chainlink’s services. Summary Standard Chartered has set a $200 LINK price target for the end of 2030. The bank expects Chainlink fees to increase about 25 times as tokenization and DeFi expand. Chainlink secures more than $110 billion in value and about 70% of oracle dependent DeFi value globally. CCIP volume reached $4.9 billion in Q2, up 353% from a year earlier. Standard Chartered expects LINK to reach $13 by the end of 2026. According to Standard Chartered Global Head of Digital Assets Research Geoff Kendrick, LINK could rise to $13 by the end of 2026 before reaching $41, $82 and $133 in the following years and eventually hitting $200 by the end of 2030. The forecast would put LINK ahead of the bank’s expected returns for Bitcoin and Ethereum over the same period. Standard Chartered has projected Bitcoin at $500,000 and Ethereum at $40,000 by the end of the decade. LINK was trading around $8.25 at the time of the report, down 0.8% over the previous 24 hours, according to CoinGecko data. Standard Chartered sees Chainlink fees rising 25-fold Kendrick’s Chainlink valuation rests partly on the bank’s expectations for tokenized assets and decentralized finance. Standard Chartered expects the value of tokenized assets held on blockchains to increase from roughly $340 billion currently to $4 trillion by the end of 2028. For DeFi, the bank expects deployed assets to increase 37-fold to $2.7 trillion by 2030. Chainlink could benefit from both markets because its infrastructure supplies blockchain applications with external data and supports transfers between different networks, according to the report. Based on those projections, Standard Chartered estimated that fees generated by Chainlink could increase about 25 times by 2030. The bank’s LINK valuation assumes the token price will broadly track that increase in fees. The forecast also depends on Chainlink retaining its position in the oracle market. Standard Chartered estimated that Chainlink currently secures more than $110 billion in value, representing roughly 70% of oracle-dependent DeFi value globally and more than 80% of such value on Ethereum. You might also like: Standard Chartered-backed Anchorpoint eyes August HKDAP stablecoin rollout Aave V3 alone accounts for about 44% of the value secured by Chainlink, according to the bank. Kendrick has used the same 37-fold DeFi growth forecast in several recent digital asset research notes. In June, he set a $100 target for Uniswap’s UNI and a $3,500 target for Aave’s AAVE, followed by a $60 target for Morpho in July.