$UNI is back on my radar. UNI is trading around $8.78 after a strong breakout, with price up more than 20% in 24 hours and volume expanding hard with the move. The timing is interesting. On September 17, the SEC approved a temporary, conditional “Innovation Exemption” that creates a framework for certain tokenized U.S. stocks to trade onchain through permissioned AMMs and liquidity pools. That could become a meaningful tailwind for Uniswap. If more tokenized equities move onchain, AMM infrastructure gets a much bigger market to serve. More trading activity can mean more fees flowing through the protocol, while Uniswap’s fee and burn mechanics give that activity a direct link to UNI’s value capture. The broader RWA narrative is also getting stronger, with Uniswap sitting right in the middle of tokenized assets and onchain trading. From the chart, the move is already aggressive. UNI broke out of the range, pushed through recent highs, and did it with a clear expansion in volume. At $8.78, I’m watching whether buyers can hold the breakout structure after such a fast move. A clean hold after a pullback would keep the continuation thesis alive. Losing the recent breakout zone would likely open the door for a deeper reset before the next move. For me, this is one of the cleaner cases where fundamentals, narrative and price momentum are lining up at the same time. Bitget is also running the UNI Trading Club Championship for anyone actively trading the move:https://www.bitget.com/campaigns/479615984b8c4a11ac4bea09d574a247 NFA. DYOR.