Uniswap Activity Hits Yearly High as UNI Nears $7.50
Uniswap’s network activity has surged alongside UNI’s price recovery. Santiment recorded 14,591 daily active addresses, a one-year high, and 13,137 new addresses—the biggest growth spike since September 2020.
Recent Uniswap v4 upgrades include VolatilePair Hooks, which adjust swap fees to market conditions, and Aggregator Hooks, which connect external liquidity sources such as Curve, Fluid and PancakeSwap. Fees from trades routed through these sources contribute to UNI burns. Unichain is also scheduled to receive its OP Enterprise upgrade on October 29.
UNI is trading near $7. Santiment identifies $7 as support and $7.50 as the next level to watch; holding support alongside strong activity could help the token move towards $8. Uniswap has generated more than $6 billion in cumulative protocol fees, including nearly $89 million over the past 30 days. Analyst Defi Rocketeer sees a possible retest of $10–$12 if the wider crypto market stabilizes, with $19–$20 as a potential resistance zone after a clean breakout.
Bullish
The news is modestly bullish for UNI because it combines a sharp increase in network users with product upgrades that may improve liquidity routing and fee generation. Uniswap’s reported $6 billion-plus in cumulative fees and nearly $89 million over the past 30 days provide evidence of continued protocol use. Fees from trades routed through Aggregator Hooks also contribute to UNI burns, creating a potential token-supply tailwind.
In the short term, traders may respond to the one-year high in active addresses and new-address growth by looking for a move above the cited $7.50 level. The article identifies $7 as support; a sustained break below it, particularly alongside fading activity, could weaken the recovery. As with previous DeFi adoption and upgrade-driven rallies, increased usage can improve sentiment, but does not guarantee an immediate or lasting price rise. Broader market conditions, liquidity and whether user growth persists will remain important.
Over the longer term, successful adoption of Uniswap v4 hooks and Unichain could support protocol activity and UNI’s value proposition. The analyst’s $10–$12 and $19–$20 levels are speculative scenarios, not confirmed targets. Market participants should distinguish rising on-chain activity from sustained demand for the token and monitor price confirmation and broader crypto risk appetite.