Uniswap Rises to Top of DeFi Charts Thanks to Rival Looking to Unseat It

[Galaxy]

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

[highnayem34]

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.

[Jawahara]

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.

[Coin63@]

DeFi projects run its ieo on uniswap decentralized exchanges, Uniswap is the direct convert system without buy and sell orders.