Uniswap Becomes First DeFi Project With $2B in Value Locked
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Sept. 28, 2020
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Non-custodial exchange Uniswap has just become the first DeFi project with more than $2B in value locked.

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Uniswap currently has $2.07B in total value locked (TVL), according to DeFi Pulse. Over the past 24 hours, this indicator has increased by more than 3.3%, while Maker, Aave and Curve Finance, the closest on the list, have suffered losses.

As a result, Uniswap's dominance over other DeFi protocols already surpasses 18.5%, while the combined TVL of the whole sector amounts to $11B.

According to Uniswap, the liquidity of its platform currently amounts to $2.28B.

The growth of the DeFi sector is associated with users' interest in "yield farming," a way of earning project tokens by providing liquidity to their pools. Uniswap has recently joined this trend after the launch of its native token UNI.

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