Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Galaxy on September 02, 2020, 07:59:57 PM
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A vampire protocol has driven Uniswap to the top of the decentralized finance (DeFi) charts.
As of roughly 21:00 UTC, the automated market maker (AMM) has $1.65 billion in total value locked, according to DeFi Pulse, unseating lending platform Aave.
Sources with knowledge of the situation tell CoinDesk this is driven largely by a new Uniswap competitor, SushiSwap. One of the newer members of the Weird DeFi cohort is predicated on giving rewards in perpetuity to holders of its sushi (SUSHI) token.
Info link: https://www.coindesk.com/uniswap-defi-pulse-tvl-leader-sushiswap
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A vampire protocol has driven Uniswap to the top of the decentralized finance (DeFi) charts.
As of roughly 21:00 UTC, the automated market maker (AMM) has $1.65 billion in total value locked, according to DeFi Pulse, unseating lending platform Aave.
Sources with knowledge of the situation tell CoinDesk this is driven largely by a new Uniswap competitor, SushiSwap. One of the newer members of the Weird DeFi cohort is predicated on giving rewards in perpetuity to holders of its sushi (SUSHI) token.
Info link: https://www.coindesk.com/uniswap-defi-pulse-tvl-leader-sushiswap
That is why I do not trust in sushi. It is really tough to lock crypto while holding it.
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Uniswap exchange really took over the cryptospace with various trading tokens hitting tens of thousands within few weeks. unfortunately high gas fee often accompanied while executing a trade is one big turnoff for many investors while the high risk takers, took up the challenge.
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DeFi projects run its ieo on uniswap decentralized exchanges, Uniswap is the direct convert system without buy and sell orders.