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

The majority of value is locked on Binance Smart Chain (BSC).

AccessTimeIconApr 5, 2023 at 8:48 a.m. UTC
Updated May 9, 2023 at 4:11 a.m. UTC
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Decentralized exchange (DEX) Uniswap has been forked by developers after its Business Source License (BSL) expired on April 1.

The fork, according to DeFiLlama, has already attracted $123 million in total value locked (TVL), with the majority of capital locked on the Binance Smart Chain (BSC)

Uniswap documentation reveals that as of April 1 the code became open source. This was planned since the upgrade to version 3 in 2021 as the license was only valid for two years.

Uniswap remains one of the largest decentralized exchanges in the decentralized finance (DeFi) ecosystem, commanding more than $4 billion in TVL across all blockchains.

Two weeks ago Uniswap expanded its product by going live on the BNB Chain following a unanimous governance vote.

The Uniswap token (UNI) is currently trading at $6.32 having surged by 6.11% in the past 24 hours, according to CoinDesk data.

Edited by Parikshit Mishra.


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Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

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