The interesting part about $UNI right now isn’t just the price move. The bigger question is whether the tokenized-stock narrative can bring real activity to on-chain markets. The SEC’s “Innovation Exemption” could open a clearer route for tokenized equities to use licensed AMMs and liquidity pools. That creates a potential tailwind for Uniswap, while Robinhood Chain activity adds another layer to its role in tokenized assets. If more assets and traders move on-chain, Uniswap could see higher trading volume and fees. Its fee, buyback and burn mechanics could also make increased activity more important for the protocol. $UNI is already up 28% in 24H and 47% this week, so I’m not interested in blindly chasing the move. I’m watching volume, pullbacks and whether the momentum can actually hold. I’m trading the UNI Trading Club Championship on Bitget while I track the setup. If you’re following $UNI, this is one worth watching closely.