DeFi & NFT
By James Thorp
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Hayden Adams pointed to how UniSwap recently became the first DEX to pass $0.3 trillion in trading. A year ago it was $0.001 trillion. Year before that $0.0001 trillion.
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Negative Community Musings: Can you please explain why the UNI token is $20+ when it has no use yet? Plenty of token without any use.
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Maybe because the price of the UNI token has nothing to do with the cumulative trading volume of Uniswap?
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Why wouldn't you say 300B & 1B? Instead of trying to make it sound so much bigger than it actually is?
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Positive Community Musings: Looking forward to the future world of Defi, especially the performance of Uniswap v3 is just incredible.
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Instadapp expressed: LP Staking - INST will be the first implementation of Uniswap v3 price ranges pooled into an ERC20 token in partnership with gelato network.
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Hayden Adams expressed, it was pretty cool to see that the INST launch includes fungible Uniswap v3 vaults with auto fee reinvesting.
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Capital efficiency in action: The Uniswap v3 USDC/ETH 0.05% fee tier pool is doing $258m volume on just $48m TVL On its own this pool would be the #2 DEX, with higher volume than…
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Community Response: From a LP perspective does that make the 0.05% pool more attractive for fees? Confusing volume with liquidity again, I see? Yeah, the 0.
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So, the question is where will those billions of TVL move next after Uniswap V3 takes too much volume away from them? Probably some will add liquidity to Uniswap V3 pools.
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I actually made a 2% return in a week or so LPing in V3... But it's a lot complex to explain. It's like trading ranges but you get fees along the way.
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