Standard Chartered forecasts Chainlink (LINK) to reach $200 by 2030

Odaily Planet Daily reports: On Monday, Standard Chartered initiated coverage of the blockchain oracle project Chainlink, forecasting that LINK could reach $200 by the end of 2030, representing a roughly 25-fold increase from its current price of around $8. The bank’s phased targets are $13 by the end of this year, followed by $41, $82, and $133. Standard Chartered expects the total value of on-chain tokenized assets to reach $4 trillion by the end of 2028 and DeFi-deployed assets to reach $2.7 trillion by 2030—a 37-fold increase from current levels. The bank anticipates Chainlink’s fees will grow approximately 25-fold during the same period and assumes token price will follow fee growth. Chainlink secures over $110 billion in total value, covering approximately 70% of global DeFi reliance on oracles and over 80% on Ethereum; Aave V3 accounts for 44% of this. Institutions such as Swift, DTCC, Euroclear, JPMorgan Chase, Mastercard, UBS, Fidelity, and S&P Global are listed as users of its services. Chainlink still lags behind LayerZero in cross-chain interoperability. Since a $292 million attack in April, over $7 billion in token value has migrated to Chainlink’s CCIP, with second-quarter transaction volume reaching $4.9 billion—a 353% year-over-year increase. Risks include slowed institutional tokenization, pilot projects failing to transition to production, and technical failures undermining confidence. (Decrypt)