Uniswap's UNI surges 15% on Robinhood Chain integration
Crypto markets are upbeat today, and long-running decentralized exchange Uniswap (UNI) stands out with a 15% gain over the past 24 hours.
Much of the advance occurred as Uniswap went live on Robinhood's blockchain as primary automated market maker.
DeFi protocols such as Uniswap and Morpho underpinning new services for traditional brokerages could unleash a new wave of growth, Geoffrey Kendrick, the head of digital asset research at Standard Chartered, wrote in a note to clients Thursday.
"These are exactly the type of partnerships I expect to come to DeFi over the next several quarters, and Uniswap specifically," Kendrick said. "The market is massively underestimating the potential for these partnerships on quality trusted DeFi protocols."