Standard Chartered has set a $100 price target for Uniswap’s UNI token, with Geoff Kendrick saying the market is underestimating Uniswap’s partnership with Robinhood.

According to NS3.AI, Kendrick said the partnership reflects Robinhood’s view of Uniswap as a high-quality decentralized finance protocol.

Kendrick added that Uniswap is trusted by Robinhood, and argued this is not being fully priced in by the market.

Uniswap has previously announced it would serve as the core DeFi infrastructure partner for Robinhood Chain.