Aave & Uniswap Ranked in the Top 10 ETH Protocols by Total Value Locked

• MakerDAO, Lido, and Curve DAO are among the top three Ethereum Protocols by Total Value Locked.
• The analysis was tweeted by a crypto analyst, Ben GCrypto.
• Aave and Uniswap were ranked 4th and 5th respectively.

MakerDAO, Lido, and Curve DAO are among the top three Ethereum Protocols by Total Value Locked. A crypto analyst, Ben GCrypto, tweeted the top ten ETH protocols by Total Value Locked.

In the list tweeted by the crypto analyst, Aave was ranked fourth with $4.13 billion, followed by Uniswap in the fifth position with $4.06 billion of Total Value Locked. Convex Finance, Compound, and Instadapp were ranked in sixth, seventh, and eighth positions, respectively. Finally, Balancer and Frax Finance were ranked in the ninth and tenth positions.

Last year, MakerDAO announced that DAO was fully-sufficient and the Maker Foundation has fulfilled its bootstrapping responsibilities. This allowed the global community to become responsible for every aspect of the Maker Protocol.

When it comes to Aave, they introduced the Aave V3 in March, which increased capital efficiency, enhanced security, developed the cross-chain functionality, and bolstered decentralization. With the new Aave V3, many features such as the Portals, High-Efficiency Mode aka “E-Mode”, and Isolation Mode have been introduced.

Furthermore, last week, Lido conducted an initial pilot integration of Distributed Validator Technology (DVT) with SSV Network on the Goerli testnet. Lido mentioned that in the upcoming month,s the progress with DVT testing and experimentation will be updated to its community.

The analysis was focused on the Total Value Locked. But, when it comes to the market cap, Uniswap was valued at $5.1 billion, and Lido and Aave had a market cap of 1.1 billion. Frax Finance had a market cap of $1.2 billion, which ranked lowest on the chart.