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

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.

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