SEC Token Rule Shift Sends DeFi Tokens Soaring
Top decentralized finance (DeFi) tokens have surged in value over the past few weeks due to increasing demand from investors. The Hyperliquid token has jumped by 78% in the last 30 days, reaching a market capitalization of over $23 billion and nearing its all-time high.
Uniswap's UNI token has also seen significant growth, soaring by 142% in this period and trading at its highest level since November last year. Other popular DeFi tokens like Raydium, Lighter, PancakeSwap, and Aerodrome Finance have continued to rise this month.
The surge in these tokens follows the SEC's recent amendment to tokenized stock trading rules. The agency granted temporary, conditional exemptive relief to tokenized securities venues (TSV) to trade tokenized National Market System (NMS) stock using automated market makers and liquidity pools.