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Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars

  • The total value locked (TVL) in Ethereum's DeFi ecosystem has surged past $80 billion, marking its highest level in over two years.
  • Uniswap has set a new record for monthly trading volume on Ethereum layer-2 networks, reaching $38 billion in November. This achievement coincides with a significant rise in the price of Uniswap's native UNI token.
  • Aave, the largest DeFi lending platform, has reached a historic milestone with deposits on the platform surging to $33 billion, a 230% increase since the start of the year.
  • Aave's native token, AAVE, has climbed 112% in 2021, hitting a yearly high of $210 before settling at $200 as of press time.

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