Daily creation of new UNI wallets reached 2,295 addresses in a single day, the strongest network-growth reading for the token since November 2022, according to an analysis by on-chain analytics firm Santiment. The surge lifts network activity to levels last seen roughly four years ago and arrives while UNI, the governance token of decentralized exchange Uniswap, trades near $7.

The metric counts addresses interacting with UNI for the first time, making it a gauge of fresh on-chain participation rather than a headcount of new users. Santiment cited recent protocol momentum as possible context, pointing to Uniswap v4 features, expanded liquidity routing and continued development of Unichain, the protocol's layer-2 network, while stopping short of naming a single driver. For traders, the wallet surge adds an adoption signal to the price levels in focus.

Network Growth at a Four-Year Peak

Santiment defines network growth as the number of addresses engaging with UNI for the first time, and the latest daily figure is the largest since November 2022. The measurement captures new on-chain participation, not a direct count of new customers: one person may control several wallets, and some addresses may see little activity after their initial interaction. The data confirms a jump in first-time address activity but cannot, on its own, establish lasting adoption. Readings of this kind are tracked because first-time interactions can be measured directly from blockchain records, making network growth one of the more transparent gauges of whether a token is reaching new participants.

Among the possible explanations, Santiment pointed to Uniswap v4's feature set, broader liquidity routing and ongoing Unichain development — moves that collectively give users new ways to access the protocol and its ecosystem. The firm's post did not say which development contributed most, and the one-day reading cannot show that each new address arrived in response to a specific product. The measured signal is the increase in first-time addresses; the product explanations remain plausible background.

The next test is durability. Santiment said readings that hold above the recent baseline could strengthen the case for continued participation, while a quick fall-back would suggest the single-day high reflected short-term attention. Several days of elevated activity would offer stronger evidence that new addresses keep exploring UNI. Because daily growth can fluctuate, traders may look for follow-through before treating the spike as a lasting change.

Price Levels Put $7 Support and a $7.50 Reclaim in Focus

UNI's near-term price structure centers on two levels: $7.00 and $7.50. Santiment called $7 the key downside level and $7.50 the first meaningful reclaim — language that maps onto the support-and-resistance framework traders use to mark where buying or selling interest has tended to cluster. Together they frame the immediate question for the token: can buyers defend support and then recover the initial layer of resistance above it? Wallet growth adds context to that setup, but neither the network metric nor these levels guarantees a move; confirmation depends on the price response and on whether on-chain activity continues.

If UNI holds above $7 while new-address growth stays above its recent baseline, Santiment said a renewed test of $8 would be favored — a scenario that pairs price stability with continuing participation. The reclaim of $7.50 is the first level to watch on any move toward $8. A push through $7.50 would show buyers recovering ground, though a brief move would not by itself establish a breakout; follow-through in both price and wallet creation would strengthen the recovery case.

The downside carries its own signal. If UNI falls below $7 as wallet creation fades, Santiment said the spike could reflect short-term excitement rather than sustained adoption. The combinations matter: a slip under support while activity remains strong would present conflicting signals, and fading activity with price holding steady would still leave traders awaiting evidence that buyers will defend $7. Daily closes and new-address counts may clarify which pattern is developing.

The two indicators ultimately answer different questions. Wallet counts show whether new addresses are beginning to interact with UNI, while price shows whether buyers are absorbing available supply. A rise in new addresses can coincide with a flat or falling token price when selling demand is the stronger force.

Whether the four-year peak in network growth marks the start of a durable adoption trend or a momentary burst of attention will, per Santiment's framing, depend on follow-through in both address creation and price.

Source: Blockonomi