Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. Decentralized Finance is a fast-growing sector of the cryptocurrency industry.
The leading DeFi decentralized exchange, Uniswap has crossed $2B in total value locked (TVL).
As per the data shown on DeFi Pulse and Etherscan, Uniswap clocked a record figure of over $2.06 billion worth of crypto assets locked in on Monday.
This clearly proves that there is now more value in Uniswap than what is there in the entire DeFi space – that’s what we call a neck-breaking growth.