Uniswap became the first decentralized exchange to have blocked funds exceeding $ 2 billion. The total amount of blocked funds in the DeFi industry exceeded $ 11 billion.
According to the DeFi Pulse portal, currently the volume of blocked deposits on the Uniswap exchange is $ 2.06 billion. Uniswap’s dominance in the decentralized finance (DeFi) market is 18%. ETH, as well as USDT and WBTC tokens, are leading in terms of liquidity on the site.
However, the MakerDAO decentralized credit protocol is also approaching the $ 2 billion mark – the volume of blocked funds on the platform has reached $ 1.95 billion. In third place is the Aave decentralized credit protocol.
Interestingly, the total amount of deposits on DeFi platforms reached $ 1 billion in 2.5 years. At the same time, in less than a year, this figure rose to $ 11 billion. This is due to the boom of “profitable farming”, when investors provide their funds to provide liquidity on DeFi platforms in exchange for rewards.
As a reminder, the Aave protocol recently launched a new control system on the Ethereum mainnet. Thanks to the new development, users can vote to accept the Aave Improvement Suggestions (AIP).