In this report, we delve into the liquidity status of OVR Token (OVR) on Uniswap v3. OVR is consistently among the top 200 most traded assets on this leading decentralized exchange, boasting a Total Value Locked (TVL) of over 2 million USD.
Founded in 2019, OVER is a decentralized augmented reality ecosystem, with more than a million registered users, that has built a unique digital layer enveloping the Earth. Composed of over a trillion hexagon-shaped parcels of land, each measuring 300 sqm, this layer blends seamlessly with our physical reality, enabling the addition of digital assets that can be interacted with through the OVER app.
Key products of the OVER platform include OVER Lands, parcels of digital land available for purchase on the Marketplace; the OVER Mapper, producing 3D versions of global locations; AI-powered avatars; and a vibrant creator community producing a vast range of assets and experiences using the Unity SDK and Web Builder. The OVR token, the official currency of the AR metaverse, can be used to buy OVER Lands and digital assets earned in campaigns and competitions and be staked for potential returns.
Our analysis of OVR’s liquidity on Uniswap aims to answer essential questions:
Price Impact: Can one purchase substantial amounts of OVR without significantly affecting the token’s price?
Liquidity Pool Insights: What’s happening within OVR’s liquidity pools on Uniswap v3? How many investors are actively trading this token?
The most active OVR pool on Uniswap is the OVR/ETH pool, with a 1% fee level. This is where most of this token’s trading takes place. The liquidity of OVR Token (OVR) has been assessed through key metrics, which we’ll explore below:
OVR – Total Value Locked (TVL)
OVR – Volume
OVR is listed on six centralized exchanges: KuCoin, Gate.io, MEXC Global, BingX, BitMart, and Bitget. KuCoin, Gate.io, and MEXC Global are leading the way in trading activity, accounting for 88% of daily trading volumes, which typically range from 70,000 to 100,000 USD on each platform.
Despite the volatile nature of cryptocurrency markets, OVR remains a top performer, consistently ranking among the top 200 traded assets on Uniswap with a Total Value Locked (TVL) of 2.2 million USD. Our analysis focuses on OVR’s liquidity on Uniswap, answering crucial questions about its price impact and liquidity pool dynamics.
Liquidity from the perspective of Michal Rozanski, CEO at Empirica:
“OVR has secured a wide-ranging liquidity buffer to address future price volatility, which requires a significant capital commitment for minimal slippage. This is good news for investors but probably a significant financial burden for the token project. A hint from our side would be that using dynamic concentrated liquidity that is adjusted continuously would ensure the same or even lower slippage for investors but would require less capital. But the current situation is also very good.
Notable findings include:
Additionally, OVR is listed on a few centralized exchanges, with KuCoin, Gate.io, and MEXC Global as the primary trading platforms, each boasting daily trading volumes of 70,000 to 100,000 USD. These findings demonstrate OVR’s resilience and growing appeal in both decentralized and centralized markets.
To learn more about the OVR token, we asked Davide Cuttini, co-founder and CEO at OVER, about plans for updates and events, which could significantly impact greater interest in the token among investors.
“Firstly, we are in the process of filing a patent for groundbreaking technology within our OVER app. This innovation will enable users to explore a 3D map in real-time using just their smartphones. It’s a game-changer for the world of augmented reality, and we can’t wait to unveil it.
Following on from our collaboration with renowned Italian fashion brand, PINKO in Milan and Florence, we’ll be exploring further opportunities to create immersive retail AR experiences to redefine the way consumers interact with fashion.
In November, we have an exciting global mapping campaign in the pipeline. Users will gain access to our innovative tool, the OVER Mapper, through our app. Mappers will have the opportunity to earn OVR tokens for their contributions, and we’ll be introducing various ways to maximize their earnings.
And finally, in early 2024, we’ll be introducing our AI-powered avatars. These avatars represent the future of interactive experiences and will further solidify our position as pioneers in the AR landscape.” – proudly declares Davide Cuttini, co-founder and CEO, OVER.
As always, DYOR. The Report was prepared by Empirica Liquidity Lab based on its own Token Liquidity Ranking – October Edition. All analyses, opinions, and views in this report are based on our research and were prepared for informational purposes. They cannot be considered a suggestion or encouragement to make investment decisions. They are solely up to you.
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