3.5 Million ETH Locked in Uniswap

by in DeFI News

Ethereum 14.10.2020

There is already 3.5 M Ethereum (ETH) worth $1.35 B locked on Uniswap. At the same time, the cryptocurrency platform is about reaching $3 B mark of total USD liquidity.

UniSwap has been on a roll since June. It is the leading DeFi protocol for a month.

Data reveals a huge 96% of all activities on DeFi network come from Ethereum, the world’s second blockchain protocol by market capitalization.

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DeFi has expanded this year due to the growth of yield farming and crypto applications like providing credits and DEX exchanging. The capital was valued below $600 million at the beginning of this year but has soon grown to gather more than $11 billion in locked tokens.

Statistics show that DeFi activity has progressed over ten times in Q3 of 2020. According to the research made by Dappradar Ethereum, TRON, and EOS record for 97% of daily active wallets, with the strategy of administering governance tokens. One of the keys to dapp growth is yield farming.