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.

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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.

Read more: Bitcoin passes $70k mark and $1.38 trillion dollar market cap

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