Uniswap Surges as Standard Chartered Sets $100 Price Target

Uniswap's (UNI) network activity has surged to multi-month highs due to renewed institutional interest following Standard Chartered's $100 price target. The bank's endorsement sparked a significant rise in whale transactions, with active addresses and large-holder transactions reaching their highest levels since September.

The Uniswap API dominated 52.4% of MetaMask swaps over the past 99 days, outperforming all rivals combined by transaction count. It recorded the lowest median slippage (0.21-0.88 bps) and a minimal failure rate of 0.12%, making it the most reliable routing option.

The recent market downturn saw major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) experience significant price declines exceeding 5%. However, Uniswap's price rallied to $3.70 following Standard Chartered's bullish coverage.