UNI’s v4 fee switch went live, and the on-chain response held for a second day, not just the price. 📈 UNI ran ~19%, from ~$3.83 to ~$4.54 over Jul 29 to 31, on the v4 fee-switch activation and buy-and-burn going live, before easing to ~$4.07. 🆕 New addresses stepped up and stayed up: 510 then 582 on Jul 30 and 31, roughly double the ~250 to 320 July baseline. 📊 Usage did the same. Active addresses hit 2,341 then 2,457 on the same two days, above anything else in July and well over the ~1,300 to 1,700 norm. 🐋 Whale transactions ($100K+) jumped to 142 on Jul 30, the busiest day of the month bar one, as large holders moved in with the switch. 🧭 The tell is that the on-chain step-up held while price started cooling. A one-day catalyst pop fades; two days of elevated new users, activity, and whales is adoption, not just a bid. The switch flipped the fees. The chain flipped on too. (researched with Santiment MCP + Claude)