Uniswap clocked a record figure of over $2 billion in locked value just after midnight (UTC) on Monday the 28th and currently has $2.21 billion worth of crypto assets locked, according to DeFi Pulse. The total value locked in the Defi ecosystem now stands at $11.14 billion,

Defi has had explosive growth in August in what has been a volatile month for the emerging yield farming niche within the crypto ecosystem.

After a prolonged range bound state, Bitcoin finally steamed ahead briefly crossing the $11,400 mark on July 27th. Bitcoin started off the month at $9,100 after months of low volatility and minimal price action only to move aggressively through the $10,000 resistance in the last week of July. At the

Bitcoin (BTC) started June with a push over $10,000 and finished the month at $9,190 down 10.5%.

The aftermath of the halving and the search for yield in a limited accessible loan/low interest rate world, put tremendous selling pressure on BTC volatility.