Share this article
$2B Locked: Uniswap Now Bigger Than Entire DeFi Industry Just Two Months Ago
After passing $2 billion in locked assets, there's now more value in Uniswap than there was in the entire DeFi space on July 9.
Updated Sep 14, 2021, 10:01 a.m. Published Sep 28, 2020, 9:31 a.m.
Uniswap is now bigger than the entire decentralized finance (DeFi) space was just two months ago, as the trading protocol becomes the first to pass the $2 billion milestone in total value locked (TVL).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Uniswap clocked the record figure just after midnight (UTC) Monday and currently has $2.06 billion worth of crypto assets locked in, according to DeFi Pulse.
- Testament to its neck-breaking growth, there's now more value just in Uniswap than there was in the entire DeFi space on July 9.
- As of press time, there's now more than $11 billion in TVL in DeFi, with Uniswap making up approximately 18% of that.
- The Ethereum-based Uniswap utilizes an automated market-making system leveraging liquidity pools so users can exchange or "swap" between ether and any ERC-20 token.
- Holders are incentivized to deposit tokens in these liquidity pools with interest and a cut of the swap fee – the total balance in these pools together make up Uniswap's $2 billion TVL.
- Monday's news shows just how much Uniswap's fortunes have changed in the past few weeks.
- Back in early September, $830 million worth of vital liquidity moved to rival protocol SushiSwap, causing Uniswap's TVL to plunge to just $400 million by Sept. 10. (It should be noted, however, it wasn't a zero-sum game: Uniswap's TVL had been $230 million before the SushiSwap saga began.)
- A week later, in order to coax users back, Uniswap launched its own native UNI token and airdropped over $500 million to wallet addresses who had been using the protocol since before September.
- UNI has led users to quickly snap back to Uniswap and its TVL was approximately $1.8 billion just days after the token launched.
- The platform plans to issue and distribute 4 billion UNI tokens to the community over the next four years.
- The next biggest DeFi project, peer-to-peer lending platform Maker, trails slightly behind Uniswap at $1.96 billion TVL, according to DeFi Pulse.
See also: Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Bilinmesi gerekenler:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
