Uniswap v3 has been live for roughly a week, and already, we’re beginning to see the impact of these updates on the exchange.
Flipside Crypto’s Eric Stone took a deeper dive into some of the data surrounding v3 using our Velocity dashboards. Most notable, Stone said, were the differences between the real liquidity of v3, and virtual liquidity or the amount of liquidity providers would need to earn the same fees on v2 as they do on v3.
Liquidity providers, meanwhile, are already seeing fees start to climb. According to Flipside’s data, as of Monday, May 10, the top earner had already collected more than $3.6 million in fees, while number two had earned nearly $3 million.
There were also five other LPs to earn more than $1 million in fees within just a few days of v3 going live. That, Stone said, was not entirely surprising due in large part to the fact that v3 is “much more concentrated” than its predecessor, meaning that those who have large pre-existing balances and can quickly adjust their positions are set up for success on the updated platform.
