EMPIRICA LIQUIDITY LAB – REPORT 07/2023:
Cronos (CRO) Liquidity Report
Uniswap Liquidity Ranking No. 78
Market Depth: 28,339.78 usd
Today we look deeper at the liquidity situation at Cronos on Uniswap v3. This coin is usually in the first 100 most traded instruments on this biggest decentralized exchange, with daily volumes on average crossing 100 000 USD.
By analyzing the liquidity of Cronos on Uniswap, we would like to check the following:
The most active Cronos pool on Uniswap is the CRO/ETH pool, with a 1% fee level. This is the place where most of the trading of this token takes place. Let’s review the most popular metrics:
OPTIMALLY DISTRIBUTED LIQUIDITY AND GOOD CONDITIONS FOR LARGE TRADES
VALUES ARE STABLE WITH A SLIGHT UPWARD TREND
THE NUMBER OF HOLDERS IS GROWING STEADILY AS CRONOS COMMUNITY INCREASES
Cronos is listed on many centralized exchanges, including Coinbase, Gate, KuCoin, OKX, and, of course, Crypto.com. On many of these exchanges, turnover exceeds Uniswap’s, but order book depth is clearly better only on Crypto.com. Also, medium and large trades on Cronos are best executed on either Crypto.com or Uniswap. When executing these really large trades, it’s a good idea to stagger them, using algorithms like TWAP or VWAP, for example.
CRO is the native token of the blockchain designed by CRO Protocol Labs, also known as Crypto.com. This token is in the top 30 of the largest coins by capitalization, which currently stands at over $1.6 billion.
Cronos is also the utility token for the Crypto.com exchange and can be used to pay fees on the platform and staked to qualify for various benefits. The Cronos blockchain is capable of interoperating with both Ethereum and Cosmos. It uses Ethermint, which allows for the rapid porting of apps and smart contracts from EVM-compatible chains.
Cronos has optimally distributed liquidity, guaranteeing relatively low slippage. A large number of liquidity providers, stable turnover, and an extensive community. And Uniswap is growing into one of its most essential and best markets in terms of liquidity.
Based on current data from the Uniswap V3 exchange, we can prepare an individual token liquidity report with our commentary and more detailed description. Let us know if you are interested in such a report with insights for your investors.