Uniswap V3 Liquidity: Why concentrated ranges changed how DEX liquidity works — and what traders and LPs in the U.S. should actually know
Misconception first: many users still think liquidity provision on Uniswap is a passive, buy-and-hold way to earn fees that reliably outperforms simply holding tokens. That belief comes from older AMM models and partial explanations of fees. In practice, the mechanics introduced with Uniswap V3 — concentrated liquidity, NFT positions, and finer-grained fee tiers — turned …