Tokenized RWA Surge May Boost LINK by 25x by End-2030: Standard Chartered
Vexoda Newsroom
Standard Chartered predicts Chainlink (LINK) could surge to $200 by end-2030 as tokenized real-world assets reach $4 trillion, driven by increased data demand for oracle services.
According to a forecast from Standard Chartered's Geoff Kendrick, the global head of digital asset research, Chainlink (LINK) could see a 25-fold increase in value to $200 by the end of 2030. This projection is based on the anticipated growth of tokenized real-world assets (RWA) reaching $4 trillion by 2028.
Kendrick highlights that as more external data needs secure on-chain integration, Chainlink's fee generation and market share are expected to grow significantly. Currently valued at around $8 per token, LINK is seen as the leading decentralized oracle provider for crosschain communication with over $34 billion in total value secured.
The forecast also predicts a 37-fold increase in crypto-native assets deployed in decentralized finance (DeFi), reaching $2.7 trillion by end-2030. Kendrick notes that these assets will require trusted data, interoperability between networks, privacy-preserving compliance, and integrations with existing financial systems – only Chainlink is currently equipped to provide.
The surge in tokenized RWA trading on decentralized exchanges (DEXs) reached a new all-time high of $141 billion in July. This growth was largely driven by public equities, according to data from CryptoRank. Kendrick acknowledges potential risks such as slower-than-expected institutional tokenization initiatives and competition from specialist oracle providers.
The implications for traders are significant: increased demand for reliable oracles could drive up LINK's value substantially over the next decade. However, market participants should also monitor broader DeFi trends and regulatory developments that may impact this forecast.
Traders interested in Chainlink should keep an eye on upcoming institutional tokenization projects, competition from other oracle providers, and any technical advancements that might affect the adoption of decentralized oracles.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.