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BTC $48547.93 (2.21%)
ETH $3509.98 (1.86%)
USDT $1.00 (-0.0%)
BCH $633.10 (1.90%)
BSV $158.48 (-0.9%)
LTC $182.73 (0.86%)
BNB $416.74 (1.65%)
ADA $2.39 (0.84%)
DOGE $0.24 (0.64%)

Will Uniswap v3 Launch Spark The Next Big DeFi Bull Run?

UNISWAP-v3-Launch-today
  • Uniswap v3 concentrated liquidity inspires an entirely new sector of DeFi.
  • The total value locked in decentralized finance on Ethereum is now $89 billion.
  • Uniswap v3 promises advanced new features and opportunities for yield generation.

Uniswap v3’s concentrated liquidity shows an inspiring and completely new sector of decentralized finance (DeFi). Moreover, the total value locked in DeFi on Ethereum is now $89 billion.

Meanwhile, it seems likely that the UniSwap v3 launch could spark DeFi’s next big bull run. In fact, v3, which is scheduled to launch on May 5, promises advanced new features and opportunities for yield generation.

Also, Uniswap emphasizes three new features for liquidity providers.

  • Flexible capital distribution across a markets’ entire price curve in the form of concentrated liquidity.
  • Flexible market maker fees offering boosted returns for volatile pairs subject to impermanent loss.
  • Improved data integrity and cheaper access to oracles.

Moreover, v3’s new vital liquidity feature ensures users unique and customizable yield products. Also, a nascent DeFi sector concentrating on tokenizing future yields appears poised to flourish.

Prior, the DEX faced a series of vampire mining attacks from rival yield farming platforms. The attacks were a bid to siphon away the exchange’s liquidity. However, Uniswap airdropped its native governance token to its v2 protocol users in September and closed the month with a TVL of more than $2 billion. In fact, the DeFi markets cooled in Q4 2020 while Bitcoin set new all-time highs above $20,000.

Finally, the DeFi sector’s TVL has surged since the start of 2021. In fact, the value locked on Uniswap grew from $2. 15 billion to $8. 53 billion this year, according to DeFi Llama.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.