Spike in Network Activity for Several Altcoins: Santiment Report By CoinEdition

Spike in Network Activity for Several Altcoins: Santiment Report

  • Santiment tweeted its latest insights yesterday.
  • Network activity for YFI has seen a decent uptick recently.
  • UNI’s network activity continues to grow, while REN sees very little activity.

A tweet by the blockchain intelligence firm, Santiment in the past day shows that several altcoins have seen “big upticks in address activity and dormant wallets awakening to move their funds.” The tweet read: “Others [altcoins] are staying stuck in the mud and are more likely to fall behind.”

Santiment focused on three altcoins in its latest report such as (UNI), Ren (REN), and yearn.finance (YFI).

One example of an altcoin that has seen its network activity increase quite impressively after a consolidation period is YFI, according to the blockchain intelligence firm.

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