UNI Wallet Creation Hits 2,295 in a Day, Highest Since 2022

Santiment recorded 2,295 addresses interacting with UNI for the first time in a single day, the largest one-day network growth reading for the token since November 2022, Blockonomi reported. The token was trading near $7 at the time of the report.

Separately, the same trading session saw Bitcoin slip below $81,000 after the Wall Street open as stocks fell and Brent crude oil reached its highest level since March, Cointelegraph reported. UNI’s on-chain metric and Bitcoin’s move both landed on Friday, October 23, 2026.

Key facts

• Santiment counted 2,295 new UNI addresses in one day, the highest network growth reading since November 2022.
• Santiment cited Uniswap v4 features, expanded liquidity routing and continued Unichain development as possible reasons, without naming a single driver.
• $7 was named as the key downside level, $7.50 as the first meaningful reclaim and $8 as a possible retest.
• Cointelegraph reported Bitcoin fell to $80,988 before recovering to around $81,600, with its 50-day simple moving average at $81,781.
• Brent crude reached $116 per barrel, its first reading at that level since March 19, as the S&P 500 fell 0.6% and the Nasdaq Composite lost 0.2%, per Cointelegraph.

What Santiment’s wallet count measures

The metric counts addresses that interact with UNI for the first time, not the number of people behind them. One user can control several addresses, and some may go quiet after their first transaction. A jump in first-time addresses therefore shows fresh on-chain participation but cannot, on its own, confirm lasting adoption.

Santiment’s explanations for the increase remain plausible rather than established. The post did not say which development contributed most, and a one-day reading does not show that each new address arrived because of a specific product. The measured signal is the rise in first-time addresses; the cause is inference.

Price levels and the signal they test

UNI’s immediate structure sits between $7.00 and $7.50. Santiment framed $7 as the level buyers need to defend and $7.50 as the first recovery point before any move toward $8. A brief push through $7.50 would not by itself establish a breakout; follow-through in both price and wallet creation is what would strengthen the case.

The two indicators answer different questions. Wallet counts track whether new addresses are beginning to use UNI, while price shows whether buyers are absorbing available supply. New address growth can coincide with a flat or falling token price when selling pressure is stronger.

If UNI drops below $7 while new address creation fades, Santiment said the spike may reflect short-term excitement rather than sustained adoption. If price slips under support while activity stays strong, the signals conflict, and if activity fades while price holds, traders still need evidence that buyers will defend $7.

Why it matters

Uniswap is one of the largest decentralized exchange protocols, so a four-year high in first-time participation gives traders a rare adoption data point to weigh against price. It also arrives in a risk-off session: Cointelegraph reported the Dow Jones Industrial Average down 1.4% and the 10-year US Treasury yield below 5%, having hit 4.939% on Thursday, its lowest since September 23.

Cointelegraph reported that Brent crude rose nearly 3% to $116 per barrel amid tensions around the US-Iran war, with WTI crude above $102. Economist Robin Brooks, quoted by Cointelegraph, said markets were incorporating a large risk premium and had decoupled from oil flows through the Persian Gulf. Neither report establishes a link between the oil move and Uniswap’s wallet activity.

What to watch

Several days of elevated UNI wallet creation would offer firmer evidence of new users exploring the protocol, while a rapid fall back toward the recent baseline would suggest short-term attention. On price, daily closes above or below $7 decide which scenario Santiment described is developing. For Bitcoin, Cointelegraph cited Material Indicators cofounder Keith Alan, who said a failed daily close above the 50-day average at $81,781 would put a support test in the $78,000 to $80,000 range in play.

This is not financial advice, and crypto markets are volatile and uncertain; price levels and on-chain readings described here are not guarantees of future moves.

Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.

Sources: Blockonomi, Cointelegraph