Leading unsupervised exchange Uniswap has become the first decentralized financial protocol (DeFi) to have a total value locked (TVL) surpassing $ 2 billion.
TVL is the total value of all properties sent into the protocol.

According to company DeFi Pulse, Uniswap’s TVL number currently stands at $ 2.03 billion at the time of writing. Ether (ETH), Tether (USDT) and Wrapped Bitcoin (WBTC) are Uniswap’s top 3 tokens in terms of liquidity.

Among other DeFi protocols, Uniswap accounts for around 18%. TVL aggregation of all protocols has reached over 11 billion dollars, and the trend of productivity mining continues to increase.

MakerDAO’s decentralized lending protocol TVL is just a short way from $ 2 billion. The protocol that builds the DAI stablecoin has a total deposit of $ 1.95 billion. Aave followed with a total key value of $ 1.54 billion.

Crypto More!
What is DeFi?
Decentralized finance (DeFi), also known as open finance – is a finance system that goes against the traditional financial model (CeFi – Centralized Finance) for many years. With CeFi, you choose to delegate control of your finances to another party (banks, financial intermediaries) and believe they will do better in managing your assets than you do. However, DeFi open finance is not about creating a completely new financial system, but about democratizing the existing system and making it fairer, by using open protocols and data. transparent.

You can read more information at the article DeFi 2020:What is DeFi? Top 10 DeFi Leaderboard according to locked value

What is Total Value Locked?
Total Value Locked (TVL) is understood as the total amount of assets locked inside the platform. This number represents the level of interest and participation of users on that platform. The more assets that are locked inside the platform, the more impact on the coin’s price is.

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