Uniswap V3 (V3) was launched on 5th May 2021, and it quickly became the most capital efficient DEX within DeFi, surpassing Uniswap V2(V2)’s trading volume using only 25% of its liquidity. This is because for the first time, V3 allowed market making to take place on an AMM by concentrating liquidity within a price range, rather than across the whole spectrum of prices (aka V2).
Alpha Vaults was launched on Mainnet on 7th May 2021, 2 days after V3. It is the easiest way to provide liquidity on V3, and has been live on Mainnet for over 8 months. It is still the best performing, least volatile, longest running, and most robust LP vault of its kind.