Uniswap Market Cap Jumps 21% Amid Dormant UNI Awakening

Key Points

1. On July 9, Uniswap saw its highest-ever 'age consumed' spike at 72.95 billion, indicating a major movement of long-dormant UNI tokens, which led to a 7.2% drop in the average holding age of UNI wallets.

2. Uniswap's Layer-2 strategy, particularly its Optimism-based platform, has processed over $12 billion in volume by mid-May, driven by a $45 million liquidity incentive program, and captured 76% of Uniswap v4 volume.

3. The platform's active addresses surged over 3,000% in a 30-day period, reaching 5.9 million, making Unichain the fourth-largest Layer-2 by total value locked (TVL) at $858.74 million.

4. UNI's market price was $7.88 at the time of writing, showing a 5.5% gain in the last 24 hours and a nearly 12% increase over the past week, though it remains 3.5% lower than a year ago.

5. Uniswap's Layer-2 solution has addressed high gas costs, offering one-second blocks and up to 95% lower fees, which previously drove users to competitors like Solana’s Raydium.