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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.
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 <img loading="lazy" width="898" height="495" src="https://crypto.news/app/uploads/2024/03/KRL_1D_graph_coinmarketcap-1.png" alt="Kryll surges 85% amid new liquidity pool launch on Uniswap v3 - 22">
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 KRL 24-hour price chart | Source: <a href="https://coinmarketcap.com/currencies/kryll/" target="_blank" rel="noopener noreferrer">CoinMarketCap</a>
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The <a href="https://blog.kryll.io/krl-liquidity-pool-on-uniswap-v3/" target="_blank" rel="noopener noreferrer nofollow">launch </a>of the KRL/ETH liquidity pool is described as a significant improvement for Kryll users and investors, leveraging <a href="https://crypto.news/uniswap-v3-launches-twap-oracles-on-ethereums-proof-of-stake/" rel="noopener noreferrer nofollow">Uniswap v3</a>‘s sophisticated liquidity management to reduce slippage and improve transaction efficiency.
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<a href="https://crypto.news/tag/uniswap/" rel="noopener noreferrer nofollow">Uniswap </a>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.
<a href="https://crypto.news/bitcoin-passes-70k-mark-and-1-38-trillion-dollar-market-cap/" rel="noopener noreferrer nofollow">Bitcoin</a>, 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.
Read more: <a href="https://crypto.news/bitcoin-passes-70k-mark-and-1-38-trillion-dollar-market-cap/" rel="noopener noreferrer nofollow"> Bitcoin passes $70k mark and $1.38 trillion dollar market cap </a>

Kryll surges 85% amid new liquidity pool launch on Uniswap v3

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Other articles published on Mar 26, 2024

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