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10 May 2021

Uniswap v3 hopes to reinvent its DEX, others see a different path for DeFi

Uniswap v3 hopes to reinvent its DEX, others see a different path for DeFi

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What’s more, it is estimated that Uniswap’s 24-hour trade volume currently lies somewhere around the $2.3-billion range.

Uniswap CEO Hayden Adams has been tweeting about the milestone recently and has even released an accompanying chart showcasing a 25.7% weekly increase in Uniswap’s weekly trade volumes.

Even the DeFi market seems to be on a roll at the moment, with data showing that around $67 billion is currently locked into various DeFi platforms.

While many seem to be praising Uniswap v3, Sergej Kunz, co-founder of DEX aggregator 1inch, told Cointelegraph that in comparison to v2 and most other automated market makers, the new version has become a specialized instrument that caters more to sophisticated market makers rather than amateur liquidity providers, adding:.

He also pointed out that as Balancer looks to launch v2 of its native protocol with an all-new set of features, these options will be considerably different from those being offered by Uniswap v3.

For example, even though founder Adams had promised to silence the critics by rolling out an update that would make the platform’s AMM impermanent loss-protected and super-efficient, v3 seems to actually worsen impermanent loss

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