Native tokens of decentralized exchanges Uniswap (UNI) and Hyperliquid (HYPE) shot up 30% and 13% in the past 24 hours. The rally kicked off after the SEC gave the green light for limited trading of tokenized stocks in the US.

Fresh Highs: HYPE Hits $91, UNI Breaks $9

On September 18, HYPE set a new all-time high at $91; it's currently trading around $89. You can see the move in the HYPE/USDT pair on KuCoin.

At the same time, UNI climbed above $9 for the first time since November 2025, before pulling back to $8.7. That's for the UNI/USDT pair on Binance.

The Backdrop: SEC Decision and Stock Tokenization

The price surge lined up with news that the SEC will allow limited trading of tokenized stocks. There's no official word linking the regulator's decision to the UNI and HYPE pump, but traders are clearly reacting to a friendlier regulatory outlook for tokenization in the US.