Sirlibz
Decentralized Exchanges have gained massive exposure and usage like never before since the year began. Top leading Dex, UniSwap has for the first time gotten it’s volume way above that of Coinbase Pro, a tweet from UniSwap CEO stated.
TVL hits $9 billion in DeFi
Decentralized Finance has hit another significant stage in terms of Total Value Locked (TVL). The DeFi total value locked hits $9.02 billion as DeFi based projects continue to hit all time highs and gain values in the market. Among these tokens are YFI tokens which had surged over 80% a few weeks back and even hitting an All Time High (ATH) of $38,869 according to Coingecko data. Sushi was up 126% within 24 hour few weeks back before the issues arose.
Aave currently Ianthe largest DeFi project with $1.7 billion locked, followed by Maker DAO with $1.43 billion, Balancer at $1.36 billion and Curve at $1.3 billion.
Some investors believe Decentralized Exchanges (Dex) and Decentralized Finance (DeFi) are the next big thing and that Centralized exchanges will become obsolete. We can only hope that they all Co-exist since they all have a part to play in gaining mass stepping to the Crypto world.
