Uniswap v3 sees more volume on launch day than v2’s first month, though the fee sting.

Uniswap v3 sees more volume on launch day than v2's first month though the fee sting.

In terms of volume, the launch day of Uniswap’s v3 iteration was more successful than its predecessor, according to the founder of Uniswap, Hayden Adams.

The day before a resounding success, in a tweet on May 6th, Adam declared the launch of Uniswap v2, v3 has already processed more than twice the volume that v2 saw in its first month, over twenty four hours of going live.

Adams asserted the platform is operating with greater efficiency than its v2 form, when dviding Uniswap’s volume by total value locked, or TVL. v3 hosted $150 million in volume and $300 million in TVL for an efficiency ratio of 50%, according to Adams, while v2 saw $1.1 billion in volume and $8.1 billion in TVL during its first day for an efficiency ratio of 13%

At the time of writing, the Uniswap dashboard was reporting a daily volume of $214 million with a TVL of $350 million for v3. Over the same period the version 2 stats of $1.1 billion in daily volume and of course it’s built up around $8 billion in TVL over the time it’s been operational.

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