Share this article
Arbitrum-Based Camelot Crypto Exchange to Deploy V2 Upgrade Saturday
The v2 upgrade will include a new concentrated liquidity automated market maker aimed at making trading for the Camelot ecosystem more efficient.
Updated May 9, 2023, 4:12 a.m. Published Apr 7, 2023, 6:30 p.m.
Arbitrum-based decentralized exchange (DEX) Camelot will begin rolling out a version (v)2 upgrade on Saturday aimed at making its crypto trading platform more efficient and user-focused, according to a Camelot blog post.
The upgrade will launch in three phases, pseudonymous founder Myrddin said in Discord. First, on Saturday, Camelot will deploy a beta-stage automated market maker (AMM) based on the codebase of Algebra, a liquidity-focused protocol. The v2 upgrade will introduce “major enhancements” to Camelot’s infrastructure, such as adjusting pool fees and supporting the rebasing tokens like stETH.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The second stage will overhaul user-interface, while the final stage will release farms for concentrated liquidity.
Camelot’s native token, GRAIL, has rallied roughly 3.7% over the past 24 hours but remains down 23.4% from last week, according to CoinGecko data. GRAIL was trading at $2,363.15 at press time.
Camelot is the sixth-largest protocol on Arbitrum, with more than $107.2 million in total value locked, according to crypto stats website DefiLlama. Moreover, the exchange will distribute its non-transferable governance token xGRAIL to participants of the token’s public sale sometime after the v2 upgrade is completed.
“All contributions before Dec 1st 12am UTC will be eligible to receive ~25% bonus in $xGRAIL,” wrote Camelot on Twitter.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Standard Chartered, Coinbase Expand Crypto Prime Services for Institutions
The companies will explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
What to know:
- The enhanced partnership builds on the existing tie-up between Standard Chartered and Coinbase in Singapore.
- Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers.
Top Stories
