Charges stab, but Uniswap v3 sees more volume on launch day than the first month of v2

Uniswap founder Hayden Adams said the launch day of the Uniswap v3 iteration was more successful in volume than its predecessor, but not everyone in the DeFi community agrees.

In a tweet on May 6, Adams said launch Uniswap v3 the day before the huge success. He noted that during the first 24 hours of operation, v3 had already processed more than twice the volume recorded by v2 in the first month.

By dividing the volume by Uniswap by the total locked value, or TVL, Adams claimed that the platform works more efficiently than its v2 version. While v2 recorded $ 1.1 billion in first day and TVL 8.1 billion in 13% efficiency, v2 hosted $ 150 million and TVL 300 million in 50% efficiency, Adams said.

At the time of writing this article Uniswap dashboard reported a daily volume of $ 214 million with TVL $ 350 million for v3. In the same period version 2 statistics $ 1.1 billion in daily volume and, of course, while it was in operation, it has generated around $ 8 billion in TVL.

Gas cannibal

Not everyone was so in love with the latest iteration of the world’s most popular DEX, with users complaining about the cost of using v3. One opponent Adams stated:

“Even more expensive to make mistakes now.” I tried to migrate my UNI / ETH liquidity to V3, failed and paid for $ 108.09. “

Dragonfly Capital Managing Partner, Haseeb Qureshi, too he claimed that v3 is more expensive than its predecessor, and draws attention to an example of a transaction in which it tried to exchange 3 Ether for a DAI.

“It looks like Uniswap v3 is more expensive than gas v2, roughly as expected.” Specifically, it is about 28% more expensive for single hop transactions, as it seems. For larger transactions that go through more ticks / buckets, the cost of gas should be slightly higher. “

Others complained about the costs of creating a fund and adding liquidity to the new one platform claim they paid 0.2 ETH worth about $ 750.

DeFiPrime commented on the complexity of using the new interface through its telegram channel, stating:

“Add a liquidity user interface now requires a master’s degree to find out how to value your liquidity position.” It’s a huge step back from the simplicity we had in version 2. “

Charges still seem to be the main disadvantage of using the platform, and Uniswap has to wait for Optimism to run to bring the second layer to scale to v3. On March 29, the Cointelegraph announced it Uniswap’s daily fee generation surpassed bitcoins by $ 1.7 million.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button