Uniswap Has $2 Bln In Total Value Locked

Uniswap is the first decentralized finance (DeFi) protocol with $2 bln in total value locked. According to tracker DeFi Pulse, TVL Uniswap is worth $2.03 bln at the time of writing. Ether (ETH), Tether (USDT) and Wrapped Bitcoin (WBTC) are among the top three most popular Uniswap tokens in terms of liquidity.

Uniswap dominates other DeFi protocols by about 18%. Combined TVL for all protocols exceeded $11 bln as the popularity of yield farming continues to grow.

MakerDAO's decentralized lending protocol isn't far behind. The total amount of deposits of the developer of stablecoin DAI is $1.95 bln. Aave follows with $1.54 bln in TVL.

Image courtesy of TheBlock