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Home»DeFi»Developers Fork Uniswap V3, Protocol Attracts $123M in Total Value Locked
DeFi

Developers Fork Uniswap V3, Protocol Attracts $123M in Total Value Locked

2023-04-05Updated:2023-04-08No Comments1 Min Read
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DeFi


Decentralized alternate (DEX) Uniswap has been forked by builders after its Enterprise Supply License (BSL) expired on April 1.

The fork, in line with DeFiLlama, has already attracted $123 million in whole worth locked (TVL) with nearly all of capital locked on the Binance Good Chain (BSC)

Uniswap documentation reveals that as of April 1 the code turned open supply. This was deliberate for the reason that improve to model 3 in 2021 because the license was solely legitimate for 2 years.

Uniswap stays one of many largest decentralized exchanges within the decentralized finance (DeFi) ecosystem, commanding greater than $4 billion in TVL throughout all blockchains.

Two weeks in the past Uniswap expanded its product by going dwell on the BNB Chain following a unanimous governance vote.

The Uniswap token (UNI) is at the moment buying and selling at $6.32 having surged by 6.11% previously 24-hours, in line with CoinDesk knowledge.


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See also  THORChain Introduces New Lending Protocol
123M attracts developers fork Locked Protocol total Uniswap
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