Guiide

Hi all, I've been involved in crypto for the last decade in many different ways: hardware and node infra, coding, DeFi, security audits, now helping launch an onchain as CTO.

Putting an outstanding offer to anyone who has questions, don't hesitate to reach out.

We're in this together.

There are two different onchain coins listed on Dexscreener. They have different fair market values and locked up liquidity. What is going on there?

When you search DEX Screener you're seeing token pairs, not tokens.
In this case, one is Uni v2, the other in v3.

Uniswap v2 and v3 are each counted as different protocols so you're seeing the liquidity for each one separately, but the total market cap is the same for both coins.

Another reason the price will vary between the two pairs is the difference in the tick (pip) spacing is different between v2 and v3

v3 has more price intervals on the curve, so even if both pairs have the same ratio of onchain/WETH you may have a slight difference as v3 has a "higher resolution" price

Since they're different protocols, they are traded separately. This is why the price is different. As each pair is traded, the price will drift between the two, and arbitrageurs will usually fix this price discrepancy quickly.

0xBC6 pair is UniswapV3
0xa43 pair is UniswapV2

*total mCap varies with pair price, but each pair is counting the same token supply