In this week's DeFi newsletter, we look back at some of the key updates from the DeFi space including the latest developments in the Terra case, Uniswap's trillion-dollar trading volume and more.
Uniswap has topped $1 trillion in total trading volume since launching on Ethereum in late 2018.
That comes from a relatively small user base, however, indicating that there is a lot of potential growth to come. According to data from Uniswap Labs, which are major contributors to the development of the protocol and ecosystem, the DEX’s number of cumulative addresses hit around 3.9 million this month after just over three years.The Ethereum Name Service is having its best month on record for new registrations, account renewals and revenue, thanks to community awareness and low gas fees.
Lead developer at ENS Nick Johnson tweeted on Monday that the metrics for the Web3 domain service through May so far. He noted that numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May left.”Analytical data reveals that DeFi’s total value locked continued to show outflow in the past week as well, falling to $79 billion, a $5 billion decline over the past week.
Majority of the DeFi tokens in the top-100 ranking by market cap traded in red, barring a few. Aave (
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