Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, stated that the market is underestimating the partnership between decentralized exchange Uniswap (UNI) and U.S. stock and cryptocurrency trading app Robinhood (Nasdaq ticker: HOOD). He added, "Through this partnership, Uniswap has been recognized as a high-quality decentralized finance (DeFi) protocol that large traditional companies like Robinhood can trust," and "similar partnerships will become more common in the coming quarters." Previously, Uniswap announced that it would serve as a key DeFi infrastructure partner for Robinhood's proprietary Layer 2 blockchain, Robinhood Chain, taking on the role of the default AMM within Robinhood Chain. Meanwhile, SC had previously identified Uniswap as a key hub for tokenized asset trading and set a UNI target price of $100.
