UNI Outflows Soar as Uniswap Fee Switch Ignites On-Chain Activity
Withdrawal activity from Binance for Uniswap's native token UNI reached a five-year high as the token dipped below $2.50 in price.
The sharp increase in outflows, combined with the activation of Uniswap's v4 fee switch and buy-and-burn mechanism, drove on-chain activity to new heights.
New addresses doubled to 582 daily, significantly above Uniswap's typical July baseline levels, indicating fresh user interest and genuine usage growth.