Uniswap (UNI) and Compound (COMP) hit new highs as DeFi TVL reached $27.6B


On January 30th, as the entire DeFi industry continued to heat up, Uniswap (UNI) and Compound (COMP) both hit record highs. The price of UNI soared to a record high of US$19.93, and the price of COMP was the same as US$340 during the short-term transaction.

COMP / USDT 4-hour chart. Resources: Transaction view

In the past 30 days, the entire decentralized financial sector has been in a strong upward trend. DeFi Pulse’s data shows that the total value of lock-up has soared from $16.43 billion on January 2 to a new high on January 30, reaching 27.67 billion. Dollar.

The total value has been locked in DeFi. Resources: Delphi Pulse

The surge in the price of COMP is due to the recent release of a new governance module and an upgrade to the comp.vote interface, which now allows community members to vote through signatures instead of on-chain transactions to save gas.

After Robinhood collapsed, DeFi became more attractive

The controversy surrounding investment brokers this week suspended the market for GameStop and AMC stocks, indicating that DeFi and cryptocurrency exchanges can be used as alternatives to the centralized traditional financial sector.

in a tweetCompound founder Robert Leshner (Robert Leshner) said that recent developments have shown that the “long-term answer” for the time required to reach a settlement with the American Depositary Receipts and Clearing Corporation (DTCC) is “the market must be on the blockchain. Run on”.

Leshner said:

Immediate settlement will eliminate most of the complexity, cost and capital requirements that plague T+2 settlement. Robinhood does not need to assume any credit obligations, nor does it need to target its own customers. “

Uniswap grant program launches rally to support UNI

Uniswap DEX 24-hour trading volume. Resources: Uniswap

Uniswap’s grant plan is Unveil January 20th as a way to help expand the exchange ecosystem.

Developers who are interested in participating now have the opportunity to submit proposals and obtain funding for development projects that can add value to the entire platform.According to Uniswap Twitter In the synopsis, “40 grants were submitted to @uniswapgrants in the 14 days since the application was opened.”

UNI/USDT 4-hour chart. Resources: Transaction view

Since the grant plan was released, the price of UNI has risen from USD 7.10 on January 21 to the current USD 18.51, an increase of 160%. The rise of Uniswaps TVL, the increase in daily trading volume, and investor excitement about the upcoming v3 are other factors that have soared UNI to record highs.