Uniswap becomes the first protocol to hit $2B mark in total value locked.

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3 years ago

It's spectacular and amazing how this protocols can have so much people believing and support them all over the world, people trust automated market makers than traditional financial services and that can be proved with the value locked in those protocols!

Uniswap the biggest decentralized exchange becomes the first one to hit the mark of $2 billions locked in the protocol, meaning that customers deposited in the smart protocol money that could feed almost 35% of the total worldwide people leaving on the planet (total souls leaving on earth are about 7 Billion) and that isn't all. The protocol dominance also increased a lot securing 18% of dominance among other parties that are part of the decentralized finances, such as MakerDAO protocol, the lending smart contract, which isn't too far to reach the $2B mark, there is $1.95B in total value locked (TVL), and anytime could hit the $2B target.

Important to note that Ether, USDT and WBTC are the tokens with the highest liquidity on the Uniswap protocol as shown at DeFi pulse website.

Noting all this events are showing some strength of Bitcoin on the Ethereum network, wrapped Bitcoin (WBTC) have become a part of the trading activity on Uniswap the asset have been growing interest from traders who place their Bitcoin on custodians to be able to hold wrapped Bitcoin to lock in the protocol. Ethereum isn't new that is powerful on the Uniswap, as it serves as fuel to all activity happening on the network .

Uniswap protocol have launched their governance token weeks back and gave airdrop to all community who trade on the platform (an airdrop that is the biggest one until now on the industry,where users could secure 400 UNiI ~$2,000 in actually price market) and that showed the power of decentralized exchange and made Uniswap definitely secure their share of trust and reliable platform to invest with and somehow may be one of the reasons to see the protocol hit the $2B mark in TVL!

The UNI airdrop made people who want to succeed in crypto field to take the value acquired with it to reinvest in the protocol, with that earn money in fees from transactions on the platform, I particularly did that, any penny which I got from it I locked to make more money from me in Uniswap!

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Take care.

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3 years ago

Comments

Wow very big amount nice uniswap...

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3 years ago

Keep us posted on any new uniswap airdrop

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3 years ago

I am unaware of this matter to me. I don't understand any of this. Your description has been very beautiful. Thank you.

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3 years ago

Is it good to hold a uniswap?

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3 years ago

Well that depends on your level of knowledge on those protocols but in my case I believe that the project have bright future.

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3 years ago

I see, maybe it really has a bright future since many are supporting it. Thanks. You hold or trade it?

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3 years ago

I hold it

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3 years ago