Standard Chartered Sets a Nearly 70x Target for One Altcoin by 2030: What Is the Basis?

Standard Chartered announced a $10 target for Arbitrum’s ARB token, forecasting a nearly 70-fold increase by the end of 2030.

Standard Chartered has initiated coverage on Arbitrum (ARB) for the first time, setting a target price of $10 for the end of 2030. The bank linked this expectation to Arbitrum providing blockchain infrastructure to traditional financial institutions and the subsequent growth in network revenues.

At the time of writing, ARB was trading at approximately $0.13. According to data from The Block, the token has declined 1.06% in the last 24 hours. The bank’s forecast implies a nearly 70-fold increase compared to current levels. Intermediate targets were listed as $0.50 for year-end 2026, $1.50 for year-end 2027, $3.50 for year-end 2028, and $6.50 for year-end 2029.

Arbitrum’s revenue model forms the basis of the ARB target

Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, stated that they expect ARB to outperform Bitcoin and Ether throughout the forecast period. During the same period, the bank projected that Ether would reach $40,000 and Bitcoin $500,000 by the end of 2030.

Under the Arbitrum Expansion Program (AEP), the network charges a fee equal to 10% of the net protocol revenue of external chains using its technology. Standard Chartered calculated that Robinhood Chain generated an average of $2.8 million in daily fees during the first two weeks of September; if the current pace continues, they estimate Arbitrum could earn approximately $5 million in AEP fees in September. Arbitrum’s total monthly revenue has also exceeded five times the level seen prior to Robinhood Chain’s launch in July.

The bank’s valuation thesis also includes the growth of tokenized assets. Standard Chartered estimated that the total value of these assets could rise from approximately $340 billion at the end of 2028 to $4 trillion. Tokenized equities are expected to reach $750 billion during the same period.

Primary risks to the forecast include a slowdown in asset tokenization, competition from other blockchains, and a lack of direct value transfer from network revenues to the ARB token. The bank also noted that U.S. regulations and actions by institutions such as the DTCC, which are conducting tokenized equity initiatives, could impact the process.