Santiment: UNI on-chain activity surges after Standard Chartered's $100 forecast

Uniswap (UNI) has experienced a significant increase in network activity following a $100 price target from Standard Chartered, BeInCrypto reported, citing on-chain analytics firm Santiment. According to Santiment, the number of active Uniswap addresses has reached a four-month high, while whale transactions have hit a seven-month peak. The creation of new wallet addresses also saw its largest increase since late December. Santiment noted that a bullish forecast from a traditional financial institution, rather than a protocol upgrade, is stimulating investor sentiment and bringing UNI back into the market's focus.