Uniswap activity rises after $100 UNI forecast

• Uniswap recorded a four-month high in active addresses and a seven-month high in whale transactions after a US$100 UNI forecast from Standard Chartered.
• The increase in network activity suggests renewed engagement from both retail users and larger holders.
• Analysts are watching whether elevated transaction levels can be sustained as tokenisation and DeFi adoption expand.

Uniswap (CRYPTO:UNI) recorded a four-month high in active addresses and a seven-month high in whale transactions after Standard Chartered published a US$100 price forecast for the token.

The increase in activity followed the bank’s view that growth in tokenised real-world assets and decentralised finance could drive greater usage of Uniswap’s liquidity infrastructure.

“Tokenisation of real-world assets and deep liquidity pools will increasingly funnel value through protocols like Uniswap,” said Standard Chartered in its forecast.

Data from Santiment showed both active addresses and large transactions rising simultaneously, a pattern that can indicate participation from both retail users and larger investors rather than activity concentrated in a single market segment.

Analysts said the sustainability of the trend will depend on whether elevated address activity and whale transactions continue over the coming weeks, and following the report UNI remained well below Standard Chartered’s US$100 target.

The increase in network activity comes as financial institutions pay closer attention to decentralised finance, with Standard Chartered recently forecasting that DeFi assets could grow significantly as tokenised assets become more widely adopted.

Ethereum (CRYPTO:ETH), which hosts the Uniswap protocol, continues to benefit from ongoing developer activity and infrastructure upgrades, factors that analysts said may support long-term growth in decentralised exchange usage.

At the time of reporting, Uniswap price was $3.12.