{"id":31864,"date":"2020-11-17T10:04:10","date_gmt":"2020-11-17T08:04:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31864"},"modified":"2025-08-28T05:49:33","modified_gmt":"2025-08-28T02:49:33","slug":"uniswap-slips-to-third-place-in-defi-pulse-ranking","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/uniswap-slips-to-third-place-in-defi-pulse-ranking\/","title":{"rendered":"Uniswap slips to third place in DeFi Pulse ranking"},"content":{"rendered":"<p>The largest decentralized exchange, Uniswap, has slipped to third place in the DeFi Pulse TVL ranking. The most likely reason is the ending of the liquidity mining program for the UNI token.<!--more--><\/p>\n<p>At the top of the ranking now sits Maker ($2.34 billion), followed by the Bitcoin-backed WBTC ($2.07 billion). At the time of writing, Uniswap&#8217;s TVL stood at $1.62 billion.<\/p>\n<div id=\"attachment_116677\" style=\"width: 898px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116677\" class=\"wp-image-116677 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1111-4.png\" alt=\"Uniswap slips to third place in DeFi Pulse ranking\" width=\"888\" height=\"670\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1111-4.png 888w, https:\/\/forklog.com\/wp-content\/uploads\/1111-4-300x226.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1111-4-768x579.png 768w\" sizes=\"auto, (max-width: 888px) 100vw, 888px\" \/><\/p>\n<p id=\"caption-attachment-116677\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.defipulse.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi Pulse<\/a>.<\/p>\n<\/div>\n<p>Below is a chart showing Uniswap&#8217;s liquidity decline \u2014 from $3.36 billion (November 13) to $1.92 billion.<\/p>\n<div id=\"attachment_116673\" style=\"width: 698px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116673\" class=\"size-full wp-image-116673\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-351.png\" alt=\"Uniswap slips to third place in DeFi Pulse ranking\" width=\"688\" height=\"357\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-351.png 688w, https:\/\/forklog.com\/wp-content\/uploads\/1-351-300x156.png 300w\" sizes=\"auto, (max-width: 688px) 100vw, 688px\" \/><\/p>\n<p id=\"caption-attachment-116673\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/info.uniswap.org\/home\" target=\"_blank\" rel=\"noopener noreferrer\">Uniswap<\/a>.<\/p>\n<\/div>\n<p>A significant influx of liquidity is being drawn to platforms competing with Uniswap, including SushiSwap.<\/p>\n<div id=\"attachment_116674\" style=\"width: 685px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116674\" class=\"size-full wp-image-116674\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-334.png\" alt=\"Uniswap slips to third place in DeFi Pulse ranking\" width=\"675\" height=\"340\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-334.png 675w, https:\/\/forklog.com\/wp-content\/uploads\/2-334-300x151.png 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/p>\n<p id=\"caption-attachment-116674\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/sushiswap.vision\/home\" target=\"_blank\" rel=\"noopener noreferrer\">SushiSwap<\/a>.<\/p>\n<\/div>\n<blockquote class=\"wp-embedded-content\" data-secret=\"2LlqKmZQCY\">\n<p><a href=\"https:\/\/forklog.com\/en\/news\/the-runaway-chef-defi-fever-and-the-whale-gambit-how-sushiswap-drew-1bn-in-two-weeks\">The runaway &#8216;head chef&#8217;, DeFi fever and whale gambits: how SushiSwap attracted $1 billion in two weeks<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"The runaway 'head chef', DeFi fever and whale gambits: how SushiSwap attracted $1 billion in two weeks \u2014 ForkLog\" src=\"https:\/\/forklog.com\/exclusive\/sushiswap-takes-on-uniswap-dex-and-defi\/embed#?secret=xacZTeD0tm#?secret=2LlqKmZQCY\" data-secret=\"2LlqKmZQCY\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The timeline for the end of the Uniswap liquidity mining program was announced in September, together with the <a href=\"https:\/\/forklog.com\/en\/news\/uniswap-launches-uni-governance-token\">launch<\/a> of the UNI governance token. It was reported that the program would run until November 17.<\/p>\n<p>The rewards were distributed through four liquidity pools: ETH\/USDT, ETH\/USDC, ETH\/DAI, and ETH\/WBTC. A total of 20 million UNI tokens were allocated across the pools, with each receiving 5 million tokens.<\/p>\n<div id=\"attachment_116675\" style=\"width: 665px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116675\" class=\"size-full wp-image-116675\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-199.png\" alt=\"Uniswap slips to third place in DeFi Pulse ranking\" width=\"655\" height=\"815\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/3-199.png 655w, https:\/\/forklog.com\/wp-content\/uploads\/3-199-241x300.png 241w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/p>\n<p id=\"caption-attachment-116675\" class=\"wp-caption-text\">&#8216;Rewards are over!&#8217;, the UNI liquidity mining program page says. Data: <a href=\"https:\/\/app.uniswap.org\/#\/uni\" target=\"_blank\" rel=\"noopener noreferrer\">Uniswap<\/a>.<\/p>\n<\/div>\n<p>Uniswap remains the leader among DEXs, accounting for almost 60% of trading volume in its market segment.<\/p>\n<div id=\"attachment_116676\" style=\"width: 1257px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116676\" class=\"size-full wp-image-116676\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-124.png\" alt=\"Uniswap slips to third place in DeFi Pulse ranking\" width=\"1247\" height=\"424\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-124.png 1247w, https:\/\/forklog.com\/wp-content\/uploads\/4-124-300x102.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-124-1024x348.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-124-768x261.png 768w\" sizes=\"auto, (max-width: 1247px) 100vw, 1247px\" \/><\/p>\n<p id=\"caption-attachment-116676\" class=\"wp-caption-text\">Uniswap turnover remains far higher than Curve and SushiSwap. Data: <a href=\"https:\/\/explore.duneanalytics.com\/public\/dashboards\/c87JEtVi2GlyIZHQOR02NsfyJV48eaKEQSiKplJ7\" target=\"_blank\" rel=\"noopener noreferrer\">Dune Analytics<\/a>.<\/p>\n<\/div>\n<p>Learn how Uniswap became the first DEX to beat Coinbase by trading volume in our <a href=\"https:\/\/forklog.com\/en\/news\/just-add-a-token-how-uniswap-became-the-first-dex-to-beat-coinbase\">article<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest decentralized exchange Uniswap has slipped to the third place in the DeFi Pulse ranking by TVL. The most likely reason is the ending of the UNI liquidity mining program.<\/p>\n","protected":false},"author":1,"featured_media":31865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,787,1391],"class_list":["post-31864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-dex","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31864"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31864\/revisions"}],"predecessor-version":[{"id":31866,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31864\/revisions\/31866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/31865"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}