Unichain Launch Drives Up UNI Token's Price and Social Activity, Data Shows

Unichain Launch Drives Up UNI Token's Price and Social Activity, Data ShowsWhile UNI's price rose, sentiment surrounding UNI remained positive amid a 30% increase in social media posts.By Francisco Rodrigues|Edited by Danny NelsonUpdated Feb 11, 2025, 4:53 p.m. UTCPublished Feb 11, 2025, 4:32 p.m. UTC The launch of Unichain, Uniswap’s long-awaited layer-2 network, has seen the price of the decentralized exchange’s governance token UNI rise by around 4.5% to around $9.7 and led to a significant increase in social activity and sentiment.UNI’s price benefitted from the launch of Unichain but failed to break through the $10 mark. It still outperformed bitcoin (BTC) in the short period since the launch of the layer-2 network, as the cryptocurrency is down around 0.3% in the past 24 hours.Candano’s ADA Skyrockets on Grayscale ETF ApplicationKeep WatchingNext video in 4 secondsMore Videos0 of 3 minutes, 7 secondsVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledShortcuts Open/Close/ or ?Play/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemDecrease Caption Size-Increase Caption Size+ or =Seek %0-9 Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledShortcuts Open/Close/ or ?Play/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemDecrease Caption Size-Increase Caption Size+ or =Seek %0-9 Press shift question mark to access a list of keyboard shortcutsKeyboard ShortcutsEnabledDisabledShortcuts Open/Close/ or ?Play/PauseSPACEIncrease Volume↑Decrease Volume↓Seek Forward→Seek Backward←Captions On/OffcFullscreen/Exit FullscreenfMute/UnmutemDecrease Caption Size-Increase Caption Size+ or =Seek %0-9 STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me upBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.Sentiment surrounding the token has remained positive since the launch, with the number of posts on X rising by roughly 30% to over 1,400 with roughly 41% of those being positive and 48% having a neutral tone, data from TheTie shows.The rise is notable as social media posts surrounding the token were rising in the lead-up to Unichain’s launch. A Unichain block explorer shows the network already has 15,000 active wallets and has processed nearly 100,000 transactions hours into its first day. One notable post came from Hayden Adams, CEO of Uniswap Labs, who pointed to a promising future in which the protocol will launch “many new improvements to accelerate blockchain scaling.”These include reducing block times, allowing most maximal extractable value (MEV) to be returned to users, an additional layer of economic security, and seamless interoperability for Unichain.“In other words, relentless shipping will continue until Ethereum scales and DeFi is bigger than tradfi+cefi combined. In just four months of testnet the network processed ~100M transactions. Now it's live with 80+ projects already building on top (plus Uniswap + v2, v3, and v4 deployments already live),” Adams said on X. https://www.coindesk.com/daybook-us/2025/02/11/unichain-launch-drives-up-uni-token-s-price-and-social-activity-data-shows #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #litecoinleader ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple