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.
Geoff Kendrick, the bank's global head of digital ***** ets 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. The same note pencils in Bitcoin at $500,000 and Ethereum at $40,000 by end-2030.
Kendrick expects the value of tokenized ***** ets on-chain to climb roughly 12-fold to $4 trillion by end-2028 from about $340 billion now, and ***** ets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030. Because Chainlink charges for delivering data and moving ***** ets between chains, the bank estimates its fees should rise about 25 times over that period, and ***** umes the token price follows fees.
Chainlink's incumbency is the other half of the argument. The note puts its total value secured above $110 billion, covering roughly 70% of oracle-dependent value in DeFi globally and more than 80% on Ethereum. Aave V3 alone accounts for 44% of that secured value.
Kendrick named Swift, DTCC, Euroclear, JP Morgan, Mastercard, UBS, Fidelity and S&P Global among institutions using Chainlink services, and expects off-chain customers to become a growing share of fees. Tokenized funds and bonds need net ***** et values, rates and reserve attestations, making them more data-hungry than crypto-native ***** ets.
#kendrick #fees
Geoff Kendrick, the bank's global head of digital ***** ets 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. The same note pencils in Bitcoin at $500,000 and Ethereum at $40,000 by end-2030.
Kendrick expects the value of tokenized ***** ets on-chain to climb roughly 12-fold to $4 trillion by end-2028 from about $340 billion now, and ***** ets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030. Because Chainlink charges for delivering data and moving ***** ets between chains, the bank estimates its fees should rise about 25 times over that period, and ***** umes the token price follows fees.
Chainlink's incumbency is the other half of the argument. The note puts its total value secured above $110 billion, covering roughly 70% of oracle-dependent value in DeFi globally and more than 80% on Ethereum. Aave V3 alone accounts for 44% of that secured value.
Kendrick named Swift, DTCC, Euroclear, JP Morgan, Mastercard, UBS, Fidelity and S&P Global among institutions using Chainlink services, and expects off-chain customers to become a growing share of fees. Tokenized funds and bonds need net ***** et values, rates and reserve attestations, making them more data-hungry than crypto-native ***** ets.
#kendrick #fees
2 months ago
