Market Capitalization of Uniswap Soars by 21% as Inactive UNI Tokens Stir

Uniswap's UNI tokens are seeing a significant shift in investor behavior with a remarkable movement of long-dormant tokens. This change has resulted in a 7.2% fall in the average UNI wallet holding age, as users reactivate tokens that have been idle for a while. This reactivation often precedes increased trading activity or strategic repositioning by long-term holders.

The shift follows a 21% increase in UNI's market capitalization in less than three weeks, drawing renewed attention to the protocol. Unichain, Uniswap's Optimism-based scaling solution, has also seen an uptick, processing over $12 billion in volume by mid-May. Market analysis shows UNI trading at $7.88, a nearly 12% increase over the past week, and almost 24% over 30 days, despite being 3.5% lower than a year ago.