Crypto
UNI Price Surges 25% as Tokenized Equities Get Regulatory Boost
Uniswap (UNI) price surged over 25% in a single day to hit nearly one-year high of $8.8, outperforming the broader cryptocurrency market.
The catalyst behind this significant price increase is the recent regulatory developments for tokenized equities.
On September 18, the U.S. Securities and Exchange Commission (SEC) issued an innovation exemption statement, allowing permissioned AMM DEXs to trade tokenized U.S. stocks.
This move favors Uniswap, as it is the largest and most liquid decentralized exchange (DEX), with its founder Hayden stating that this exemption applies to permissioned pools on Uniswap v4.