UNI breaks new ATH: v3 hype or strong fundamentals?

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Ibis
Apr 28, 2021

With the price of Ethereum reaching another ATH today, a number of ERC-20 coins have - unsurprisingly - also been painted green, some recording double digit gains over the past 24 hours.


And while most ERC-20’s were riding Ethereum’s coattails, UNI was in fact surging ahead of time, moving into price discovery about 12 hours earlier than ETH:

Price of UNI (green) versus price of ETH (pink), past 10 days (Source: Sanbase)

The price of UNI has peaked at a new all-time high of $40.5 early on Tuesday, mostly consolidating around the $40k mark since.


With the much-anticipated launch of Uniswap's v3 on May 5th, it feels like a great time to check in on some of UNI's recent on-chain and social activity, and what it suggests about the coin's latest ATH pump.


As expected, the amount of UNI-related mentions

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Assets from this insight

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UniswapUNI

$ 24.77

5.43%in last 7d
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