Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum

2022.06.25 00:46

Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum

This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were as lucky, as Bancor had to pause its “impermanent loss protection” in the wake of a hostile market.

DappRadar’s report shows that the GameFi ecosystem continues to thrive despite the current downturn in the market. Solend invalidates Solana whale wallet takeover plan with second governance vote.

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