Unichain Launch Increases UNI Token Price by 4.5% and Social Engagement
The launch of Unichain, Uniswap's layer-2 network, has resulted in a 4.5% price increase for the governance token UNI, reaching approximately $9.7. However, it did not surpass the $10 mark.
- UNI outperformed Bitcoin (BTC), which is down about 0.3% in the same period.
- Social media sentiment around UNI remains positive, with posts on X increasing by 30% to over 1,400, of which 41% are positive and 48% neutral.
- Unichain has 15,000 active wallets and nearly 100,000 transactions within hours of launch.
- CEO Hayden Adams highlighted future improvements for blockchain scaling, including reduced block times and returning maximal extractable value (MEV) to users.
- Over 80 projects are already being developed on Unichain, alongside existing deployments of Uniswap protocols.