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Uniswap Ignores Price Crash; Stablecoin and Derivatives Data Offer Glimpse of Hope

May 24, 2021 · 2 min read

By Ashwath Balakrishnan, and Jeremy Ong

Data Digest

Uniswap v3 performs through crash BTC options OI and volume fall in tandem Sharp increase in stablecoin issuance Leaders of the market’s relief rally

Key Takeaways

Uniswap v3 is unfazed by the recent crypto drawdown, and it’s TVL hit an all time high despite prices dropping across the board. v3’s unique price curve has the ability to minimize IL (if executed right) and allows LPs to earn more fees per dollar deposited.

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