Uniswap Sees Biggest Wallet Surge in 4 Years. Will UNI Rally?

Uniswap (UNI) has lost 25.75% of its value over the past month, sliding to $6.93. On-chain data, however, shows new users arriving at the fastest pace since November 2022. Santiment counted 2,295 new UNI wallets in a single day. The firm said that influx could firm up a price base, provided wallet creation stays elevated. Uniswap’s v4 Push Pulls In Fresh Wallets Santiment’s network growth metric counts addresses interacting with UNI for the first time. The firm said a four-year high signals a large influx of new participants. Santiment credited new Uniswap v4 features, wider liquidity routing, and ongoing work on Unichain, Uniswap’s layer-2 network. DefiLlama data shows Uniswap v4 now holds about $1.44 billion in total value locked (TVL). That marks a roughly 17% rise over the past month.

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