• Uniswap has surpassed Maker in terms of total value locked in smart contracts.
  • Aave partners with RealT to bring in tokenized mortgages into DeFi.

Uniswap overtakes Maker

Uniswap decentralized exchange (DEX) has recently gained over 600% in liquidity and total volume. The platform has surpassed two competitors - Coinbase Pro and Maker in different metrics, according to CoinGecko. 

Uniswap has topped Coinbase Pro in terms of daily volume. While Coinbase Pro’s 24-hour volume sits at $797.5 million, Uniswap has $1.028 billion in volume in the same period. Binance is still at the top of the list with a 24-hour volume of $6.8 billion. 

Uniswap has also secured the top spot on DeFi Pulse’s list of total value locked (TVL) in DeFi smart contracts. With $1.61 billion in TVL, Uniswap has outperformed Maker, whose total value locked is $1.52 billion, followed by Aave at $1.50 billion.

Although Uniswap’s recent surge has been significant, it could prove to be temporary. Part of what is driving this boom appears to the rise of a competitor, SushiSwap. The latter is an as-yet unaudited fork that is intentionally designed to complete directly with Uniswap.

Aave brings tokenized mortgages into DeFi

Aave (LEND) lending protocol has recently partnered with RealT, a firm devoted to real estate tokenization, to bring interest-earning mortgages to the decentralized finance (DeFi) sector. 

RealT lets investors purchase shares of managing properties. Holders earn revenue directly into their wallets through stablecoins like USDC and DAI. This is similar to how Real Estate Investment Trusts (REITs) works. The main difference between them is that RealT intends to remove any central point of failure and make the system completely decentralized. 

Aave protocol is planning to pass a proposal to add RealT money markets to its lending platform. The integration will allow users to borrow stablecoins by using their RealT holdings as collateral. 

Stani Kulechov, the founder of Aave, told DeCrypt:

This is an especially important utility when a property’s value starts to increase and the owner wants to use that increased equity without selling.

Notably, the lending market will be “limited to whitelisted Ethereum addresses by a KYC process with RealT.” 

LEND/USDT daily chart

LENDUSDT daily chart

LEND/USDT bulls took control of the market following two straight bearish days. The price has gone up from 0.5077 to 0.5494. The bulls need to overcome three strong resistance levels at 0.5822, 0.6455 and 0.66475. On the downside, there are three healthy support levels at 0.50778, 0.4706 and 0.4428

Since we have covered Uniswap and Aave, let’s also take a look at Maker and finish up our DeFi top three.

MKR/USDT daily chart

MKR/USDT daily chart

MKR/USDT bulls took back control after two straight bearish days, with the price going up from 559 to 571.80. In the process, the price has crept back into the 20-day Bollinger Band. The price has three strong resistance levels at 592.68, 616 and 647.65. On the downside, we have two healthy support levels at 559.09 and 530;17

Reactions from the Twitterverse

@maa91038454

@FelixOHartmann

@MrJaycrypto


 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Polygon joins forces with WSPN to expand stablecoin adoption

Polygon joins forces with WSPN to expand stablecoin adoption

WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.

More Cryptocurrencies News
Coinbase envisages listing of more meme coins amid regulatory optimism

Coinbase envisages listing of more meme coins amid regulatory optimism

Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.

More Crypto News
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B

Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B

As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.

More Bitcoin News
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP