Uniswap’s Liquidity Falls 48% as UNI Rewards Set For Halving

[sneakyboi]

Uniswap’s Liquidity Falls 48% as UNI Rewards Set For Halving

Marking the end of Uniswap’s initial liquidity mining program is the massive withdrawal of liquidity from the largest Ethereum-based decentralized exchange.

Data from Defi Pulse–a DeFi tracker, on Nov 17, reveals a high outflow of liquidity from the DEXs. At the time of writing, the Total Value Locked (TVL), a term used to describe the number of assets being managed at any point of time by a DeFi dApp, is down roughly 48 percent.

From $3 billion of early last week, the amount of assets in Uniswap now stands at $1.54 billion, a 48 percent drawdown. The migration shows the presence of opportunists keen more on receiving the UNI governance token and a share of swapping fees more than seeing the dApp succeed.

Learn more about the news here.

[sery2013]

Nothing obvious. Earlier or later it would have happened anyway.
People were sitting on the exchange, hoping that it would still be possible to get some sort of reward from the exchange.
There are a lot of such as uniswap on the Internet. Soon everything will be in its place.