Yield farming became the dominant narrative. Uniswap, Aave, Yearn, Curve, and dozens of other protocols launched or reached escape velocity. DeFi proved blockchains could do more than transfer money — they could run banks, exchanges, and derivative markets without intermediaries. The summer established Ethereum's position as the DeFi home and attracted the first institutional DeFi investors.
protocol·June 1, 2020
DeFi Summer
Compound launches COMP token incentives, igniting the DeFi ecosystem boom. TVL grows from $1B to $15B in 4 months.