2,295 new UNI addresses mark four-year high, Santiment highlights $7 key support

Unprecedented network activity for Uniswap

Santiment, a blockchain analytics company, tracks network growth by counting unique addresses that engage with a protocol’s token for the first time. While this figure does not indicate individual users—since one person can control multiple wallets—the spike suggests an influx of fresh on-chain participation around UNI.

Analysts attributed the uptick in address creation to a combination of factors in the Uniswap ecosystem. The introduction of Uniswap v4, improvements in liquidity routing, and ongoing work on the Unichain platform may have contributed to the recent activity. However, Santiment did not identify a single dominant driver behind the daily spike.

The analysts explained that these developments expand access to the Uniswap protocol, but the one-day surge does not necessarily guarantee that all new addresses will remain active or represent sustainable adoption.

Mini dictionary: Santiment is a blockchain analytics platform that provides on-chain and social data to track activity across cryptocurrency networks.

Analysts pointed to new Uniswap v4 features, better liquidity routing, and ongoing Unichain development as likely explanations for the surge in new UNI addresses, while noting that it remains unclear which factor had the largest impact.

Market observers suggested that increased wallet growth is an adoption signal, especially as prices approach notable support levels. However, the analysts emphasized the need for sustained network activity to confirm a broader trend.

Key UNI price levels and next steps

At the time of this activity, UNI was trading near $7. Santiment identified $7.00 as a crucial downside support and $7.50 as the first resistance zone to reclaim. The firm suggested that maintaining wallet growth above recent baselines could strengthen the case for a further price advance, while a drop in new address creation might indicate the spike was driven by short-term excitement.

In their analysis, a sustained hold above $7 along with robust network growth could set up UNI for a renewed push toward $8. A move above $7.50 would be the first sign of buyers regaining control, but the analysts cautioned that one day of price action or address growth is not enough to declare a breakout.

If UNI price falls below $7 at the same time new address creation declines, Santiment warned this would point to fleeting interest rather than lasting ecosystem growth. Conversely, persistent activity even on price dips, or price stability despite a decrease in address creation, would send mixed signals. The firm noted that several daily closes and consistent address counts are needed to assess whether the trend will persist.

Address metrics show how many new participants are interacting with UniSwap, while price action reveals if buyers can absorb selling pressure; these signals may diverge as markets respond to shifting demand.

Santiment’s methodology distinguishes between growing wallet counts—which reflect new engagement—and token price, which responds to buyer and seller dynamics. As a result, network growth does not always guarantee bullish price action, particularly if overall demand fails to keep pace with selling.