Uniswap (UNI) network activity climbed to multi-month highs this week after Standard Chartered set a $100 price target for the token.
The development also pushed the token to record its strongest trading sessions of 2026. On-chain metrics from Santiment show the shift coincided with institutional validation rather than a protocol upgrade.
Uniswap’s On-Chain Activity Hits Multi-Month Highs
Santiment data showed that active addresses reached their highest level in four months. Whale transactions also surged, reaching a seven-month high.
“Uniswap’s network activity has only continued to heat up following the Standard Chartered $100 $UNI forecast,” Santiment wrote.
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On-chain metrics showed significant growth in new users. Uniswap recorded 594 new wallet addresses on Tuesday, the highest daily increase since December 30, 2025.
Social engagement followed a similar trend. Discussions surrounding UNI spiked, pushing the token’s social dominance to its highest level since March 30, according to Santiment.
The altcoin was not left out. UNI jumped roughly 24% on June 16, one of its strongest sessions of 2026. Trading volume that day topped $621 million.
“The catalyst behind the move was not a new protocol upgrade or governance proposal. Instead, investors responded to a major shift in institutional sentiment. Standard Chartered…issued one of the most aggressive long-term forecasts ever published for a major DeFi token. The report immediately put UNI back into the spotlight and sparked renewed discussion about decentralized finance’s role in the future of global markets,” the firm said.
However, the momentum has since cooled. UNI traded near $3.09 on Thursday, down 11.8% over 24 hours, though still up about 24% on the week.
The pullback tracked a broader market decline. The Federal Reserve held rates on June 17, but a hawkish shift pushed risk assets lower.
Whether the activity holds depends on actual adoption. Standard Chartered’s roadmap points to $6.50 in 2026 before reaching $100 in 2030, leaving a wide gap between the data and the price.
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