# Research Finds Uniswap v3 Depth Behaves Like a Single Pool Despite Many Fee Tiers

Across 78 Ethereum token pair families, the median number of pools that actually contribute usable capacity was 1.076.

- Published: 2026-08-27T05:48:48.749Z
- Canonical: https://polylog.news/crypto/2026-08-27/research-finds-uniswap-v3-depth-behaves-like-a-single-pool-d
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Ethereum Research](https://ethresear.ch/t/when-multiple-pools-behave-like-one-impact-constrained-capacity-concentration-in-uniswap-v3/25823), [CoinDesk](https://www.coindesk.com/coindesk-indices/2026/08/26/crypto-long-and-short-tokenized-equities-the-model-underneath-the-trade)

A study posted to Ethereum Research measured how much of Uniswap v3's apparent liquidity is real when a trader needs to execute a large order. Reconstructing 293,273 data points across 78 Ethereum token and quote pair families, the author c…

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