StanChart Thinks UNI Is Worth $20: The Real Story Is Who Controls the Revenue

A price target from a traditional bank is a rare signal in crypto. When Standard Chartered slapped a $20 target on UNI last week, it wasn't just an analyst's number—it was a bet on a narrative shift. The bank cited Uniswap's protocol revenue buyback as a catalyst. But here's the catch: buybacks don't change the fundamental architecture of the exchange. They only change the story. And in a bear market, stories are all we have left.