With the total value of decentralized financing on Ethereum of 89 billion dollars, the market is eagerly awaiting whether the launch of UniSwap v3 can be the catalyst for the next big DeFi bull.
Uniswap v3 promises new improved features and revenue-generating capabilities with the launch scheduled for May 5th.
Uniswap highlights three new features for liquidity providers – allocating adaptable capital across the entire market curve in the form of concentrated liquidity, multi-level market maker fees that provide increased returns for unstable couples subject to unstable losses and cheaper access to Oracle optimizing data. honesty.
The expected drop in Ethereum fees due to the July EIP-1559 update is also expected to increase the value of the v3 offering, and the latest version of Uniswap will also be launched on Optimism following the launch of the Level 2 accumulation solution.
With a new concentrated liquidity function that promises users products with unique, adaptable returns, the emerging DeFi sector with a focus on coding future returns seems to be flourishing.
New ventures such as Alchemix have shown explosive growth recently thanks to the promise of future signs of profitability, while Alchemist Coin uses Ampleforth V2 Geyser contracts to allow users to create intangible tokens representing future fee claims from liquidity provider Uniswap.
In addition, new decentralized exchanges are innovating to facilitate symbolic future returns trading, and last month Pendle raised $ 3.5 million from major investors to create an automated market maker specializing in deteriorating assets over time.
Cinneamhain Ventures partner Adam Cochran commented on the completion of LBP Pendel’s IPO earlier this month, describing the upcoming IPO as creating a “whole new market class in the DeFi space.”
Uniswap v2 is in history
Uniswap v2 was launched on the Ethereum website on March 18, 2020. At that time, the total value of the decentralized exchange was around $ 13.7 million, or TVL, while the value of TVL in the broader DeFi sector was around $ 550 million.
Although early controversial due to the popularity of open listing policies among scammers and counterfeiters, and relatively high trading fees compared to some key platforms, TVL Uniswap peaked at $ 100 million in August, and by September TVL had risen in the sector to $ 7 , 5. One billion.
Faced with a series of attacks from vampire mining by DEX-growing competitors in an attempt to reduce the platform’s liquidity, Uniswap gave the control code to version 2 users in September and ended the month with more than $ 2 billion from TVL.
While DeFi markets calmed down in the fourth quarter of 2020, while Bitcoin had a full-time high of over $ 20,000, TVL has risen in the sector since early 2021, and Uniswap’s closed value has risen from $ 2.15 billion to $ 8.53 billion dollars. Dollars, according to DeFi Llama.