Decentralized Finance or as popularly known as DeFi refers to finance enabled by decentralized technologies which include services such as lending and borrowing platforms to stablecoins and tokenized BTC. Unlike centralized financial systems, DeFi is powered by smart contracts running on top of a decentralized infrastructure of the Ethereum blockchain.
Uniswap is making new milestones this week as it has surpassed Maker in terms of Ethereum collateral, and has become the first DeFi protocol to reach $2 billion in liquidity. The Uniswap decentralized exchange has come a long way this year. Since the beginning of 2020 it has grown by a whopping 16500% in terms