With Uniswap's token release, it regains the top position of the TVL chart. (Total Value Locked), from $345.6M back to $1.94B, topping its previous high by 35%! A $1.6B swing! (See my previous post: https://www.indiehackers.com/post/1-billion-dollar-sushi-day-day-156-282c8a81bf)
On the other end, SushiSwap, a fork of the Uniswap, retains a $516.3M TVL, which is nothing to be ashamed for, that's a lot of money locked! It's better than many better known projects like dYdX, InstaDApp, Loopring, Set Protocol and Lightning Network!
Both token prices have dropped to recent lows:
UNI: https://coinmarketcap.com/currencies/uniswap/
SUSHI: https://coinmarketcap.com/currencies/sushiswap/
Does it mark the end of the entire Sushi saga? Is this the end of the liquidity swing for these AMM pools? (Automated Market Maker)
One thing is sure, this is only the beginning of the blockchain era. There will be many more crypto projects to come, and a major liquidity shift from traditional markets is still yet to come.🤞
Uniswap played their game very well here. I'm not sure if they actually planned the UNI token long before that but for sure that was something impressive the way they did it. What happened between Uniswap and Sushiswap (and DeFi in general) will push companies to innovate more and faster. In my opinion it's always good to be challenged ^^