Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, said that the market is underestimating the partnership between decentralized exchange Uniswap (UNI) and US stock and cryptocurrency trading app Robinhood (NASDAQ ticker: HOOD). He added, "This partnership acknowledges Uniswap as a high-quality decentralized finance (DeFi) protocol that large traditional companies like Robinhood can trust," and "similar partnerships will increase over the next few quarters." Previously, Uniswap announced that it would act as a key DeFi infrastructure partner for Robinhood's own layer-2 blockchain, Robinhood Chain, taking on the role of the default AMM within Robinhood Chain. Meanwhile, SC previously identified Uniswap as a key hub for tokenized asset trading and set a target price of $100 for UNI.
