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Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum

This past week, the decentralized finance (DeFi) ecosystem tried gaining some momentum amid the bear market crash. Uniswap saw a trend reversal and overtook Ethereum regarding network fees paid. However, not all DeFi protocols were as lucky, as Bancor had to pause its “impermanent loss protection” in the wake of a hostile market. DappRadar’s report shows that the GameFi ecosystem continues to thrive despite the current downturn in the market. Solend invalidates Solana whale wallet takeover plan with second governance vote. The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and several of the tokens registered double-digit gains. DeFi Summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms Decentralized exchange (DEX) Uniswap has overtaken its host blockchai...