An Early Look at Uniswap v3 LP Activity
Quick Take
- Uniswap v3 launched on May 5th, 2021, and has grown to ~80% of v2’s trade volume after its first week-plus of operation.
- The main innovations in v3 are custom liquidity ranges, which provide increased capital efficiency to traders while increasing the complexity of market-making.
- It’s difficult to know how the dynamics between active LPs and those using semi-passive strategies will play out.
This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.
Go to Source
Author: Mika Honkasalo
