Uniswap v3 on BNB Chain: A month on, examining performance and metrics

Uniswap v3's deployment on the Binance Smart Chain generated high expectations, with TVL and active users rising. Still, the MVRV ratio suggests UNI is undervalued, hinting at a possible price correction.

in December 2022. Uniswap governance approved the proposal on 22 January with 80% support.

Uniswap’s v3 version introduced concentrated liquidity, a feature that greatly enhanced the efficiency of capital usage for DEXes. This means that LP holdings in Uniswap v3 cannot be represented in the underlying protocol as ERC20 tokens, unlike in Uniswap v2., an analysis of the Total Value Locked and trading volume on Uniswap v3 revealed a surge in volume and a decrease in TVL leading up to the launch on BNB.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As hurdles clear, Uniswap [UNI] remains steady – will its trend continueApple greenlighted Uniswap's self-custodial mobile wallet application which will allow users to swap tokens between Ethereum mainnet and layer-2 scaling solutions.
Read more »

Uniswap community gives go-ahead for Polygon zkEVM-V3 integrationAs part of its efforts to onboard many users on the ZKEVM, Polygon secured Uniswap's support. The AMM's TVL crossed $4 billion as deposits into the ecosystem increased.
Read more »

Can BNB’s dwindling metrics find stability in Greenfield? Examining…BNB’s gas fee amount has decreased and with the launch of the Congo testnet and 'Plank' hard fork, BNB might be able to attract new users onto the network.
Read more »

After raising $1.2m DigiToads gets an influx of Ripple and Binance coinIn the crypto market, the round-the-clock evolution and innovation of altcoins into meme tokens, NFT […]
Read more »

Arbitrum [ARB]’s 30% surge could have a Binance connection. Decoding…Arbitrum [ARB] experienced a surge in its price, skyrocketing by over 20% in the past 24 hours, possibly due to the addition of the ARB/RUB trading pair on Binance.
Read more »

Filecoin takes giant strides in Q1 23, will Q2 continue the momentumProtocol revenue, or the total fees generated on the chain increased 5% in Q1 2023 on a quarter-on-quarter basis, while the supply-side revenue going to the storage providers dipped.
Read more »