Standard Chartered's Geoff Kendrick said Uniswap's protocol-revenue-funded buybacks and burns have accelerated enough after stronger-than-expected results from its Robinhood tie-up that his $100 UNI price target for 2030 may still be too low. Average daily protocol revenue rose to about $244,000 from July 27 to Aug. 12 from roughly $99,800 in the prior 17 days, a roughly 2.4-fold increase implying about $89.1 million to $90 million of annualized UNI burns, or around 25 million tokens and more than 4% of circulating supply at current prices. Kendrick cautioned that maintaining that pace over a long period may be difficult, but said the burn would still equal about 2.2% of circulating supply if UNI reaches his $6.50 end-2026 target; Robinhood Chain has been the main recent driver, generating about $925,000 of Uniswap protocol revenue over the past seven days, around 60% of the protocol's $1.55 million total, while earlier snapshots showed Uniswap capturing most trading volume and fees on the network.