Despite a dip, Uniswap (UNI) is poised for potential upside following the emergence of Unichain. Nansen data reveals that Unichain’s active addresses have surged to over 3.285 million, surpassing networks like Ethereum, Polygon, Sei, and Arbitrum. This growth has driven significant transaction volume, with Unichain’s weekly activity exceeding 9.48 million transactions and a 121% increase in fees compared to the previous week. Furthermore, DeFi Llama data shows that Uniswap processed over $61.4 billion in transactions over the last month, highlighting its enduring dominance in decentralized finance. The price of UNI has held strong around $5.30 for the past four weeks, indicating a crucial support level, and it’s forming a broadening wedge pattern, which some traders interpret as a bullish signal.