{"id":564649,"date":"2020-11-18T20:30:59","date_gmt":"2020-11-18T17:30:59","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564649"},"modified":"2020-11-18T20:30:59","modified_gmt":"2020-11-18T17:30:59","slug":"defi-is-showing-signs-of-life-despite-drop-in-funds-locked-in-uniswap","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/defi-is-showing-signs-of-life-despite-drop-in-funds-locked-in-uniswap\/","title":{"rendered":"DeFi is Showing Signs of Life Despite Drop in Funds Locked in Uniswap"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>According to Coinmetrics, the combined market cap of popular DeFi tokens has increased with Bitcoin&#8217;s recent surge<\/strong><\/li>\n<li><strong>The total value locked in DeFi is still above $13 Billion<\/strong><\/li>\n<li><strong>The total value locked in UniSwap has exhibited a sharp decline since it ended its token rewards program<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/defi\/\" target=\"_blank\" rel=\"noopener noreferrer\">The DeFi realm<\/a> of the crypto-verse is once again showing signs of life. According to <a href=\"https:\/\/coinmetrics.substack.com\/p\/coin-metrics-state-of-the-network-a34\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a report<\/a> by the team at CoinMetrics, the combined market cap of popular DeFi tokens has seen a turn around following the recent market <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-is-in-bubble-territory-crypto-analyst\/\" target=\"_blank\" rel=\"noopener noreferrer\">surge by Bitcoin<\/a> and <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a>.<\/p>\n<blockquote><p>&#8230;DeFi market cap has started to turn back around. After reaching a local low on November 4th, DeFi market cap has returned back to late September levels following a surge from BTC and ETH. If BTC and ETH continue to rise, DeFi could be a big benefactor.<\/p><\/blockquote>\n<p>The increased value in the DeFi market cap can also be visualized via the following chart, also from the report by the team at Coinmetrics.<\/p>\n<figure id=\"attachment_564652\" aria-describedby=\"caption-attachment-564652\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th.jpg\"><img class=\"wp-image-564652 size-large\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-1024x672.jpg\" alt=\"\" width=\"1024\" height=\"672\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-1024x672.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-300x197.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-770x505.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-500x328.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-240x157.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th-717x470.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/11\/DeFi-Market-Cap-Nov18th.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><figcaption id=\"caption-attachment-564652\" class=\"wp-caption-text\">Source: Coinmetrics<\/figcaption><\/figure>\n<h2>Uniswap Experiences a Drop in Total Value Locked<\/h2>\n<p>To note is that the resurgence of DeFi tokens has occurred as the <a href=\"https:\/\/en.ethereumworldnews.com\/defi-protocol-uniswap-is-on-track-to-hit-3b-in-total-value-locked\/\" target=\"_blank\" rel=\"noopener noreferrer\">total value locked in UniSwap<\/a>, experienced a significant drop since the protocol halted its token rewards program two days ago. According to the team at DappRadar, the total value locked has dropped by 45% since its all-time high of $3.3 Billion. The latter value was experienced three days ago.<\/p>\n<p>The team at DappRadar also highlighted a significant drop in Uniswap&#8217;s liquidity <a href=\"https:\/\/twitter.com\/DappRadar\/status\/1328954841016766465\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">as explained below<\/a>.<\/p>\n<blockquote><p><span class=\"r-18u37iz\">Uniswap<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">\u2019s liquidity plunges 40% after the decentralized exchange ended its token rewards program on Monday afternoon. Uniswap\u2019s <\/span><span class=\"r-18u37iz\">#TVL<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> is down a total of 45% since having an all-time high of $3.3B just 3 days ago. It now sits at $1.76B.<\/span><\/p><\/blockquote>\n<p>At the time of writing, the total value locked on Uniswap has further dropped to $1.33 Billion partly due to both Bitcoin and Ethereum suffering significant losses after <a href=\"https:\/\/en.ethereumworldnews.com\/btc-surges-to-18-4k-dumps-to-17-2k-as-0-8b-is-liquidated-in-24hrs\/\" target=\"_blank\" rel=\"noopener noreferrer\">today&#8217;s massive crypto market correction<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: According to Coinmetrics, the combined market cap of popular DeFi tokens has increased with Bitcoin&#8217;s recent surge The total value locked in DeFi is still above $13 Billion The total value locked in UniSwap has exhibited a sharp decline since it ended its token rewards program The DeFi realm of the crypto-verse is once again showing signs of life. According to a report by the team at CoinMetrics, the combined market cap of popular DeFi tokens has seen [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":563341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,108120],"tags":[7092,1322,108159],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564649"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564649"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/563341"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}