Uniswap V4 Dominates Tokenized-Stock Trading on Ethereum

Uniswap's UNI token has seen a strong rally in the third quarter, surging from $2.35 to $10.85 and breaking the descending triangle pattern that had constrained it since its peak at $45 in 2021.

This technical breakout shifted the token's market structure, but momentum has recently moderated after the sharp Q3 rally, indicating that buyers may need to consolidate before another potential leg up.

The current price of UNI is sitting between a confirmed breakout and crucial near-term resistance at $9.93.

According to Token Terminal, Uniswap v4 captured 40.7% of the tokenized-stock DEX volume in the past 30 days, making it the dominant venue for this type of trading on Ethereum.

A key support level is now identified at $9.33, which buyers are actively defending.