As in Felipe's answer, one should really ask for the number of solutions as a function of the rank of the unit group, not the degree of the number field. More generally the question can be posed for $S$-units, where the rank is $s-1$ with $s=\#S$. Then even working over $\mathbb Z_S$ is very interesting. For $\mathbb Z_S^*$ it is known that the number of solutions is bounded by $C^s$ for some absolute constant $C$. (This is due to Evertse [1].) In the reverse direction, which is maybe more relevant to your question, there is a paper of Erdos, Stewart, and Tijdeman [2] in which they prove that there exist arbitrarily large finite sets of primes $S$ such that $u+v=1$ has at least $C^{s^{1/2-\epsilon}}$ solutions in $\mathbb Z_S^*$. They also present some heuristic evidence suggesting that the correct upper and lower bounds should be $C^{s^{2/3\pm\epsilon}}$. Extrapolating, this suggests that there should be number fields of arbitrarily high degree $n$ with at least $C^{n^{2/3-\epsilon}}$ solutions in $O_K^*$, but only finitely many with $C^{n^{2/3+\epsilon}}$ solutions.
Addendum Lucia has pointed out that Konyagin and Soundararajan [3] have improved [2] by showing that there are arbitrarily large sets of rational primes $S$ so that the unit equation has $C^{s^{2-\sqrt2-\epsilon}}$ solutions in $\mathbb Z_S^*$. Note that $2-\sqrt2\approx 0.586$ is roughly halfway between $\frac12$ and $\frac23$, since $\frac12(\frac12+\frac23)\approx0.583$.
[1] J.-H. Evertse, MR 735341 On equations in $S$-units and the Thue-Mahler equation, Invent. Math. 75 (1984), no. 3, 561--584.
[2] P. Erdös, C. L. Stewart, and R. Tijdeman, MR 937987 Some Diophantine equations with many solutions, Compositio Math. 66 (1988), no. 1, 37--56.
[3] S. Konyagin and K. Soundararajan, MR 2321000 Two $S$-unit equations with many solutions, J. Number Theory 124 (2007), no. 1, 193--199.