Uniswap, the biggest decentralized exchange (DEX) with a 23% dominance in the defi sector and a cool unicorn logo, now has over $3 billion in total value locked (TVL). The milestone comes as defi protocols also hit a record high of $13 billion. Over $2 billion has been added to DeFi protocols this month, possibly due to an increase in Ethereum prices, as the world awaits Ethereum 2.0 in early January. Volumes on Uniswap are about $260 million per day. Since its inception, the Uniswap Protocol has served as a decentralized and trustless financial tool for traders that aggregates over 49,000 liquidity providers (virtual banks). On September 16, Uniswap launched its Uniswap Protocol token, UNI (ERC-20), and gave 60% of the UNI genesis supply to Uniswap community members. Since November 2018, Uniswap has supported over $20 billion volume across 250,000 unique addresses and 8,484 unique tokens, with integrations across hundreds of interfaces and applications. The UNI token spiked to $6.53 two days after its launch, then slowly fell to $2 by U.S. Election Day, November 4. It is down 12.62% this month, and the Binance DeFi Composite Index is down nearly 60% since early September, losing half its value in October. UNI’s community is currently voting on an airdrop worth 5 million UNI tokens.