Kryll experiences an 85% surge following the introduction of a new liquidity pool on Uniswap v3.
Kryll.io, a platform for automating crypto trading, saw a remarkable 85% rise in the value of its native token, KRL, on Tuesday morning. This surge came as a result of the introduction of a new KRL/ETH liquidity pool on Uniswap v3. The purpose of this development is to enhance trading and increase liquidity, and it has propelled Kryll to the top of Google’s trending list. At the time of reporting, Kryll was trading at $1.07, which represents a 50% increase over the past 24 hours. Its trading volume stood at $43.6 million, according to data from CoinMarketCap. The platform allows users to automate their trading strategies, providing a hands-off approach to cryptocurrency trading.
The launch of the KRL/ETH liquidity pool is considered a significant improvement for Kryll users and investors. It utilizes Uniswap v3’s advanced liquidity management system to minimize slippage and enhance transaction efficiency. Uniswap v3, a decentralized exchange protocol on the Ethereum blockchain, introduces a tiered fee system that optimizes liquidity provision and trading. This is expected to benefit liquidity providers in the KRL/ETH pool, aligning with Kryll’s goal of creating a rewarding ecosystem for its contributors.
In other news, Bitcoin, the leading cryptocurrency in terms of market capitalization, experienced a notable surge, reaching a high of $67,600 in the early hours of March 25. This increase was primarily driven by significant post-market acquisitions made by wealthy investors in the US over the weekend.
