Key Takeaways

Multi-sig wallet protocol Gnosis Safe rebranded as “Safe” after raising US$100M in a funding round. The funds will go towards the “Safe Ecosystem Foundation”, a non-profit which will contribute to further development.
Woes for troubled crypto lender Celsius continue as it reports a US$1.2B balance sheet hole and a whopping US$4.7B owed to customers.
Permissionless derivatives trading protocol ZKX raised US$4.5M in seed funding with the help of Crypto.com Capital, among others. They are creating new frameworks to solve current challenges in the DeFi market.
This week’s price, volume, and volatility indices were positive at +10.93%, +20.34%, and +29.09%, respectively.

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

*Top DeFi tokens based on CoinGecko
Source: CoinGecko

DeFi Index Tokens

* DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI

Dex Metrics

* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Sources: CoinGecko, DeFi Llama, BitDegree

Lending Protocol Metrics

TVL does not include borrowed assets value
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
*** LDR = Total Borrowed / TVL
Sources: CoinGecko, DeFi Llama

Author

Research and Insights Team

18 Jul 2022|MARKET UPDATES

DeFi (Week 28, 11/07/2022 – 17/07/2022)

Gnosis Safe rebrands as “Safe” after US$100M funding round. Celsius bankruptcy filing shows $4.7B owed to customers. ZKX raises $4.5M seed funding with the help of Crypto.com

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