Binance hack could boost Uniswap as Standard Chartered sees DEX growth

Standard Chartered has predicted that the $6.3 billion Binance hack could push more cryptocurrency trading toward decentralized exchanges, with Uniswap expected to benefit as investors reconsider their reliance on centralized platforms. Summary Standard Chartered’s Geoffrey Kendrick expects the $6.3 billion Binance hack to encourage more cryptocurrency trading on decentralized exchanges, particularly Uniswap, once the initial market disruption settles. Kendrick has maintained his $100 price target for Uniswap’s UNI token by 2030 and believes the Binance breach could strengthen the case for a higher valuation. CoinGecko data showed that the trading volume ratio between the top 10 decentralized and centralized spot exchanges reached 23.5% in the second quarter of 2026, up 2.1 percentage points from the previous quarter. Standard Chartered expects cryptocurrency prices to face further losses before stabilizing, with Kendrick pointing to the release of frozen assets and more details about the Binance attack as factors to watch. Uniswap’s UNI fell more than 10% following the hack, while Hyperliquid’s HYPE gained approximately 15% after ICE announced plans to develop a regulated US perpe...