DeFi UniSwap Protocol On Track To Reach $ 3 Billion In Total Locked Value
DeFi UniSwap protocol on track to reach $ 3 billion in total value locked
The Uniswap Protocol (UNI) is on track to hit the $ 3 billion mark in terms of total value locked on the DeFi platform. A total of $ 2.8 billion locked to UniSwap with the DeFiPulse.com team. It will hit the $ 3 billion mark by Monday, November 9.
The DeFiPulse team makes this projection via the following tweet. It also provides a chart highlighting the growth in total value locked on Uniswap.
The UniSwap protocol celebrates its 2 years
Also this month, the Uniswap protocol celebrated its second anniversary. Uniswap was launched on November 2, 2018, and the protocol has come a long way to lock in a total value of $ 2.8 billion.
To mark the occasion, Uniswap creator Hayden Adams thanked everyone who had been a part of the Uniswap journey.
Uniswap (UNI) may have bottomed out in crypto markets
In terms of market performance, the UniSwap token (UNI) may have finally hit a local low of $ 1.75 - BINANCE rate. The value was reached yesterday, November 5. Afterwards, Bitcoin breaks the two price caps of $ 14k and $ 15k.
They are in rapid succession to print a high of $ 15,957 in 2020. The decline in UNI's value as Bitcoin rises, could be the genesis of a model where DeFi Tokens are inversely correlated to the price of Bitcoin.
