UNI Rallies As Uniswap's Active Addresses Hit 19- Month High, Here's Why

CoingapePublished on 2022-12-01Last updated on 2022-12-01

Abstract

Amid the crypto market bounce back this week, altcoins have been showing strength with big gains.

Amid the crypto market bounce back this week, altcoins have been showing strength with big gains. One altcoin that stands out is UNI, the native cryptocurrency of Ethereum-based decentralized exchange (DEX) Uniswap.
On Wednesday, the UNI price jumped by 6% after the successful launch of its new NFT Aggregator. Additionally, the Uniswap active address and network growth has touched a 19-month high to levels last seen on May 4, 2021. On-chain data provider Santiment reports:
Uniswap’s new #NFT aggregator, which lets traders swap NFT’s across major marketplaces, has launched with a bang. The 17th ranked asset is +6% today, and had ~8,000 active addresses & 3,180 new $UNI addresses created for the 1st time in 19 months.

Courtesy: Santiment Uniswap NFT Aggregator
On Wednesday, November 30, decentralized exchange (DEX) Uniswap announced the launch of its NFT aggregator which received a strong response from the industry. This NFT aggregator will allow traders to trade their NFT easily and swiftly across marketplaces.
While the market for non-fungible tokens (NFTs) is on a decline with the crypto winter of this year, big players continue to make a move in the space citing potentially bright future.
Using Uniswap’s NFT aggregator, users will be able to see NFT listings on some of the. top marketplaces such as OpenSea, LooksRare, NFTX, and others, simultaneously. Additionally, users will also be able to decide different pricing across the board to get the best pricing deal for their purchases. In the announcement, Uniswap said:
Our latest Universal Router smart contract can save you up to 15% on gas costs compared to other NFT aggregators, saving our users tens of thousands of gas units over other marketplaces.

Cardano Is Already Running Behind 200 German Companies, Foundation CEO Says

Cardano Foundation CEO Frederik Gregaard revealed that approximately 200 large German companies are already using Cardano’s blockchain infrastructure—without being aware of it—through agentic AI deployments. These firms leverage Cardano as a security, digital identity, and accountability layer, particularly for verifying AI agents and ensuring data privacy without disclosure. Gregaard emphasized blockchain’s evolving role as a foundational trust layer for AI systems rather than just a payment rail. He noted that regulated stablecoins like USDM are used for microtransactions between AI agents, aligning incentives and enhancing security. He also highlighted Cardano’s regulatory positioning as a commodity, its quantum security features, and potential growth under emerging US and EU legislation. At the time of reporting, ADA was trading at $0.2566.

bitcoinist1h ago

Cardano Is Already Running Behind 200 German Companies, Foundation CEO Says

bitcoinist1h ago

Crypto Shockwave: Circle Sued As $280 Million Drift Hack Unravels

A class action lawsuit has been filed in a Massachusetts federal court against Circle Internet Financial, alleging the stablecoin issuer was negligent and aided in the theft of $280 million from the Drift Protocol. The plaintiffs, representing over 100 investors, argue Circle had the means to stop the stolen USDC from being moved across blockchains using its Cross-Chain Transfer Protocol but failed to act. They point to Circle's prior action of freezing wallets in a separate civil case as proof it could have intervened. The April 1st hack is attributed to North Korean state-backed actors who moved the funds to Ethereum and laundered them through Tornado Cash. The case raises significant questions about the responsibility of centralized entities in the decentralized crypto ecosystem.

bitcoinist3h ago

Crypto Shockwave: Circle Sued As $280 Million Drift Hack Unravels

bitcoinist3h ago

Nic Carter Says Bitcoin Has 3 Ways To Handle Satoshi’s Coins

Nic Carter, founding partner at Castle Island Ventures, outlines three potential approaches for Bitcoin regarding early coins vulnerable to future quantum computing attacks. He estimates 1.7 million BTC in old pay-to-pubkey outputs could be at risk if quantum computers advance and Bitcoin transitions to post-quantum cryptography. The first option is to freeze non-migrated coins, a move likely supported by institutions and custodians to prevent market destabilization. The second is to leave them untouched, upholding Bitcoin's immutability principle, as favored by ideological purists. Carter's preferred "third way" is a legal salvage process: a U.S. quantum leader, under court authority, would recover the coins into a trust-like structure to return them to rightful owners or hold them neutrally, avoiding protocol-level confiscation. He believes the freeze camp may prevail due to Bitcoin's increased institutional dominance but warns such an action would fundamentally change Bitcoin.

bitcoinist5h ago

Nic Carter Says Bitcoin Has 3 Ways To Handle Satoshi’s Coins

bitcoinist5h ago

XRP Vs. Dogecoin ETFs: Which Of These Has Performed Better In April?

XRP and Dogecoin ETFs were approved in November 2025 and have now been trading for six months. Data from SoSoValue reveals a stark performance difference between the two. Dogecoin ETFs saw minimal investor interest, with a first-month inflow of only $2.16 million. Its best month was January 2026 with $6.41 million in inflows, bringing total net assets to just $10.8 million by mid-April, with very little activity recorded. In sharp contrast, XRP ETFs experienced massive success from the start, with a monumental $666.61 million in net inflows in the first month. This momentum continued, with cumulative net inflows reaching $1.22 billion by April 2026. Despite a dip, its total net assets remained high at $959 million. The report concludes that XRP ETFs have significantly outperformed Dogecoin ETFs, indicating far greater institutional support for XRP.

bitcoinist6h ago

XRP Vs. Dogecoin ETFs: Which Of These Has Performed Better In April?

bitcoinist6h ago

Ramp Network Launches Multichain Wallet to Eliminate Third-Party Dependencies

Ramp Network has launched its own multichain, self-custodial wallet designed to eliminate the need for third-party providers in core crypto actions like buying, swapping, and cashing out. This fragmentation has been a long-standing limitation of self-custody, forcing users to repeatedly verify identities and use multiple interfaces. The new wallet integrates Ramp's existing on-ramp, off-ramp, and cross-chain infrastructure into a single application, allowing users to manage assets across multiple chains—including Bitcoin, Ethereum, Arbitrum, and Solana—with one account and a single identity verification. All assets remain in user control through a passkey-secured, self-custodial setup. Initially available globally except in the EU, the wallet marks the first step in Ramp's broader multichain strategy to simplify self-custody while preserving user ownership.

TheNewsCrypto7h ago

Ramp Network Launches Multichain Wallet to Eliminate Third-Party Dependencies

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