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UNI Rallies As Uniswap’s Active Addresses Hit 19- Month High, Here’s Why

Amid the crypto market bounce back this week, altcoins have been showing strength with big gains. One altcoin that stands out is UNI, the native cryptocurrency of Ethereum-based decentralized exchange (DEX) Uniswap.

On Wednesday, the UNI price jumped by 6% after the successful launch of its new NFT Aggregator. Additionally, the Uniswap active address and network growth has touched a 19-month high to levels last seen on May 4, 2021. On-chain data provider Santiment reports:

Uniswap’s new #NFT aggregator, which lets traders swap NFT’s across major marketplaces, has launched with a bang. The 17th ranked asset is +6% today, and had ~8,000 active addresses & 3,180 new $UNI addresses created for the 1st time in 19 months.

(By Bhushan Akolkar)

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