Uniswap (UNI) has shown impressive price gains around the launch of its second layer network, Unichain. After the launch of Unichain on October 10, UNI not only rose against the trend, with a single-day increase of more than 15%, but also increased by 25% in the past week, and 23% in 30 days. This performance was far better than the general selling pressure in the overall cryptocurrency market. #Uniswp #Unichain

Unichain, announced by Uniswap Labs, is an application-specific layer 2 blockchain network designed to provide faster, cheaper transactions and enhance interoperability across blockchain networks. Unichain’s initial block time is 1 second, and plans to further shorten it to 250 milliseconds to improve the immediacy of user experience. Unichain is based on Optimism’s superchain architecture and will allow traders to source liquidity from other L2 networks such as Coinbase’s Base and Synthetix’s SNAXchain.

Data shows that Uniswap’s network activity increased significantly after the launch of Unichain. According to CryptoQuant data, transaction volume surged to 673 transactions on October 10 from 40 transactions the previous day, an increase of 1,582%. The number of active addresses also increased by 587% during the same period. This surge in network activity reflects high user acceptance of the Uniswap ecosystem, driving increased demand for UNI tokens.

What’s more interesting is that UNI’s trading volume increased by 418% on the day, reaching $583.2 million, and its market value exceeded $5 billion, ranking 20th on CoinMarketCap. Additionally, over $1.5 million in leveraged UNI positions were liquidated in the past 12 hours, the majority of which were short. This is further evidence that market demand for Uniswap tokens is rapidly heating up, especially driven by the key catalytic event of Unichain’s launch.

Driven by upgrades to its technical infrastructure, Uniswap has shown significant resilience and attracted a large number of users into the ecosystem. In the future, with the further development of the Unichain network, the demand for UNI is likely to continue to increase and the price is expected to rise further. $UNI