Hyperliquid and Uniswap tokens surge after SEC grants trading relief

Hyperliquid's HYPE token and Uniswap's UNI token have risen sharply as demand for decentralized finance tokens increased. HYPE rose 78% over the last 30 days and was trading near its all-time high, while its market capitalization exceeded $23 billion. UNI gained 142% over the same period and reached its highest level since November of last year. Raydium, Lighter, PancakeSwap and Aerodrome Finance also continued to rise this month. The tokens jumped after the SEC issued an order granting temporary, conditional exemptive relief to tokenized securities venues to trade tokenized National Market System stocks through automated market makers and liquidity pools. The agency said the innovation exemption was an important milestone for opening capital markets to tokenized securities. The article identified Uniswap and Hyperliquid as major participants in real-world-asset tokenization and said Coinbase and Robinhood were also major beneficiaries of the change. Tokenized stocks have become popular among traders, including during the recent crypto market sell-off, but AMC Entertainment CEO Adam Aron has criticized them as not representing real assets. HYPE's rally coincided with rising volume and futures open interest. Hyperliquid is considering entering the US, a move that the article said Donald Trump and the Commodity Futures Trading Commission support. Hyperliquid's perpetual trading volume exceeded $240 billion over the last 30 days. The HYPE token rose from a January low of $20.3 to $93 and crossed resistance levels at $76 and $89.38. The chart analysis said HYPE remained above its moving averages, while its Average Directional Index was 41, and identified $100 as a potential target for bulls. UNI rose from a June low of $2.31 to $9.5 this week and crossed the $7.47 resistance level. It moved above its 50-day and 200-day moving averages, while its Relative Strength Index reached 77.7. The analysis said UNI could retreat to retest $7.47 as support before resuming its uptrend.