Kryll surges 85% amid new liquidity pool launch on Uniswap v3
Kryll.io, a crypto trading automation platform, witnessed an 85% surge in its native token, KRL, on Tuesday morning following the announcement of a new KRL/ETH liquidity pool on Uniswap v3.
The development, aimed at enhancing trades and liquidity, propelled Kryll into trending status on Google.
At the time of reporting, Kryll was trading at $1.07, reflecting a 50% increase over the last 24 hours with a trading volume of $43.6 million, according to CoinMarketCap data. The platform enables users to automate their trading strategies, facilitating a hands-off approach to cryptocurrency trading.
KRL 24-hour price chart | Source: CoinMarketCap
The launch of the KRL/ETH liquidity pool is described as a significant improvement for Kryll users and investors, leveraging Uniswap v3‘s sophisticated liquidity management to reduce slippage and improve transaction efficiency.
Uniswap v3, an advanced decentralized exchange protocol on the Ethereum blockchain, introduces a tiered fee system that optimizes liquidity provision and trading. It is expected to benefit liquidity providers in the KRL/ETH pool, aligning with Kryll’s vision of a rewarding ecosystem for its contributors.
Bitcoin, the leading cryptocurrency in terms of market capitalization, experienced a significant surge, reaching up to $67,600 in the early hours of March 25. This increase was primarily attributed to substantial after-market acquisitions by whale investors based in the US during the weekend.
Comments are closed.