On September 30, Standard Chartered Bank released rating reports on multiple cryptocurrency altcoins since June this year, with most coins performing exceptionally well post-rating. Here’s a summary from BlockBeats: On June 16, Standard Chartered's research report first covered Uniswap, with Digital Asset Research Head Geoffrey Kendrick predicting that the UNI token could rise 40 times to $100 by the end of 2030, with a target price of $6.50 for 2026. As of the time of writing, UNI is priced at $8.85, reflecting an approximate 210% increase since the report, surpassing this year's target price. On June 23, Kendrick estimated that AAVE could rise to $3,500 by the end of 2030, a nearly 50-fold increase from around $70 at the time of the report. Kendrick anticipates that the value of tokenized assets actively used in DeFi applications will grow 37 times by the end of this decade. Given Aave's revenue model is closely tied to lending activities and deposits, Standard Chartered expects the protocol's growth to directly translate into an increase in AAVE tokens. As of the time of writing, AAVE is priced at $160, reflecting an approximate 122% increase since the report. On July 1, Standard Chartered rated Morpho for the first time, predicting that the project would primarily benefit from the tokenization of traditional financial assets entering DeFi, with token prices expected to rise 33 times to $60 by the end of 2030. As of the time of writing, Morpho is priced at $2.56, reflecting an approximate 34% increase since the report. On August 10, Standard Chartered covered Chainlink for the first time, predicting that its LINK token could rise 25 times from the current price of about $8 to $200 by the end of 2030. As of the time of writing, LINK is priced at $14.26, reflecting an approximate 74% increase since the report. On September 11, Standard Chartered covered the DeFi protocol Sky for the first time, setting a target price of $0.325 for the SKY token by the end of 2028. The bank expects that as the adoption rate of USDS and lending capabilities expand, the value delivered to SKY token holders will exceed five times the current value by 2028. As of the time of writing, SKY is priced at $0.0819, reflecting an approximate 38% increase since the report. On September 16, Standard Chartered's report first covered the ARB token, predicting it would rise from about $0.14 to $10 by the end of 2030, citing revenues from networks like Robinhood Chain. As of the time of writing, ARB is priced at $0.2040, reflecting an approximate 34% increase since the report. Today, Standard Chartered covered Ethena for the first time, giving a target price of $2 for 2028. Analysts noted that Ethena is positioned at the intersection of perpetual contracts, tokenization, and stablecoins, and ENA will benefit from growth in these areas and a newly launched buyback plan, stating that Ethena is currently the fourth-largest stablecoin issuer after Tether, Circle, and Sky. It is evident that Standard Chartered's valuation narrative is highly concentrated on three core themes: DeFi revenue, token buybacks, and RWA/stablecoin expansion, and investors can continue to follow this approach to identify quality investment targets in this round of cryptocurrency altcoins.