Total value locked (TVL) in DeFi protocols rose to $52.7 billion. Led by Lido with $21.1 billion, the second and third places belong to Maker ($8.2 billion) and AAVE ($6.5 billion), respectively.<\/p>\n TVL in Ethereum applications remained<\/a> at the same level \u2014 $28.3 billion. Trading volume on decentralized exchanges (DEX) over the last 30 days stood at<\/a> $85.5 billion.<\/p>\n Uniswap continues to dominate the non-custodial exchange market, accounting for 55.5% of total turnover. The second DEX by trading volume is PancakeSwap (17.8%), the third Trader Joe (5.2%).<\/p>\n In 2023, the cumulative value of swaps on the DEX Uniswap<\/a> reached $454 billion<\/a>. February was the record month, at $73 billion.<\/p>\n The total number of trades executed by users amounted to 163 million.<\/p>\n Over the year, Uniswap recorded 2.89 million new wallets and opened 3.33 million liquidity provider positions.<\/p>\n Among other achievements, the exchange team noted:<\/p>\n Since January, the platform has added support for 18 fiat currencies and 7 languages.<\/p>\n On December 26, the total value of assets locked in the L2<\/a>-solution Blast surpassed the $1 billion mark<\/a>. The protocol reached the milestone in 35 days \u2014 faster than any competitor.<\/p>\n Launched on November 22<\/a> the project is a Layer-2 network built on Ethereum, offering a passive income of 4-5% per year. However, Blast still lacks any infrastructure beyond the cross-chain contract.<\/p>\n If the protocol had a mainnet, it would rank second by TVL among L2 networks and sixth among all blockchains.<\/p>\n According to Blast, the platform has just over 85,000 users. This implies that each user locked about $11,700 on average.<\/p>\n The 2016-founded crypto platform Lisk transforms<\/a> into an Ethereum-based layer-2 solution with support from Optimism and Gelato.<\/p>\n The new network will be built on the OP Stack framework. The transformation will leverage Gelato’s Rollup-as-a-Service platform. <\/p>\n The L2 solution will focus on real-world assets (RWA<\/a>) and decentralized networks of physical infrastructure (DePIN<\/a>).<\/p>\n The developers say the move to L2 is largely driven by the broad adoption of EVM systems. A testnet for the updated platform is planned for the first quarter of 2024.<\/p>\n The team also plans to conduct airdrop<\/a> tokens for LSK to stimulate activity in the new network. Detailed information on the distribution mechanism will be released ahead of the mainnet launch.<\/p>\n The PancakeSwap DEX community published a proposal to reduce the total CAKE supply<\/a> from 750 million to 450 million.<\/p>\n At the time of writing, CAKE’s circulating supply is ~263.8 million, according to CoinGecko<\/a>.<\/p>\n Developers believe that the lower cap will help to:<\/p>\n Also on ForkLog:<\/p>\n The DeFi sector continues to attract heightened attention from crypto investors. ForkLog has gathered the most important events and news from the past weeks in this digest.<\/p>\n","protected":false},"author":1,"featured_media":88889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1299,1233],"class_list":["post-88888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi-bulletin","tag-industry-digests"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88888","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=88888"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88888\/revisions"}],"predecessor-version":[{"id":88890,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88888\/revisions\/88890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88889"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\\\"Snimok-ekrana-2023-12-30-v-15.37.20\\\"](\\\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-12-30-v-15.37.20-1024x545.png\\\")
Uniswap Trading Volume Tops $450 Billion for the Year<\/strong><\/h2>\n
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TVL in the Blast Network Exceeds $1 Billion<\/strong><\/h2>\n
![\\\"2023-12-30-15.49.41\\\"](\\\"https:\/\/forklog.com\/wp-content\/uploads\/2023-12-30-15.49.41-1024x576.jpg\\\")
Lisk Transforms into an Ethereum-based L2 Solution<\/strong><\/h2>\n
PancakeSwap Community Proposes Reducing CAKE Emissions<\/strong><\/h2>\n
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