THE BLOCK: Standard Chartered's Geoffrey Kendrick says his $100 ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 price target for 2030 may be "too low," as the Uniswap-Robinhood partnership is going better than he expected. Since the Robinhood-linked fee switch was turned on July 27, UNI burn has roughly doubled to an annualized $90M, equivalent to around 25M UNI, or just over 4% of circulating supply at the current UNI price, Kendrick noted. He said a 4% burn rate is unsustainable. Even at his year-end 2026 UNI target of $6.50, the annualized burn rate would be 2.2%, which he said is also likely unsustainable long term. And that's before more partnerships like Robinhood, he added.

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THE BLOCK: Standard Chartered's Geoffrey Kendrick says his $100 ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 price target for 2030 may be "too low," as the Uniswap-Robinhood partnership is going better than he expected. Since the Robinhood-linked fee switch was turned on July 27, UNI burn has roughly doubled to an annualized $90M, equivalent to around 25M UNI, or just over 4% of circulating supply at the current UNI price, Kendrick noted. He said a 4% burn rate is unsustainable. Even at h