Weekly DeFi Update (Week 12, 21/03/2022 – 27/03/2022)
Terra’s UST is now exchangeable for BTC thanks to the integration by Thorchain. Minswap becomes top DeFi protocol on Cardano. Cronos Ecosystem Grant Program revealed batch 2 of grantees.
Key Takeaways
- Terra (LUNA) stablecoin UST has been integrated by the Thorchain (RUNE) protocol and can now be exchanged for Bitcoin (BTC) natively.
- Minswap (MIN), a recently-launched DeFi protocol on Cardano (ADA), has surpassed SundaeSwap (SUNDAE) in terms of TVL, making it the top DeFi protocol on Cardano with a TVL dominance of 65.85% at the time of writing.
- Former Polychain Capital partner Tekin Salimi launched a US$125 million crypto fund, dao5, to focus on investing in early-stage protocols and blockchain companies. Dao5 is on track to become a fully founder-owned DAO by 2025.
- The Cronos Ecosystem Grant Program, which focuses on supporting early-stage projects on Cronos, announced its second batch of beneficiaries.
- This week’s price and volume indices were positive at +11.29% and +20.91%, respectively, while the volatility index was negative at -47.26%.
Highlights
- Euler proposes eIP6: Bringing Chainlink (LINK) at the ensure degree
- Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration
- DeFiance Capital rescues $13.3 million at risk of being stolen
- Solana (SOL) stablecoin project Cashio (CASH) plummets to zero after multi-million dollar hack
- MakerDAO (MKR) dev insists DeFi protocol should leverage real world assets to scale
- Litedex (LDX) protocol set to be listed on LBank exchange
- SushiSwap (SUSHI) community proposes Swiss legal structure to limit DAO liability
- FTMCRAZY: Introducing the new hybrid ROI DApp project in the crypto world
- dxFeed implements Airnode API3 to present pricing information for a broad array of Web3 applications
- Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund
Check the latest prices on Crypto.com/Price
Top Token Metrics
| Metrics | Top 20 DeFi tokensmarket cap | Top 100 DeFi tokens market cap |
|---|---|---|
| Current | $99.14B | $126.25B |
| 7-Day Change | +6.82% | +8.86% |
| 14-Day Change | +15.39% | +18.46% |
Source: CoinGecko
DeFi Index Tokens
| Metrics | Price | Volume | Volatility |
|---|---|---|---|
| Top Gainers | LRC (+28.14%) REN (+21.41%) UNI (+16.21%) | LRC (+210.80%) NXM (+57.50%) COMP (+36.45%) | LRC (+159.95%) UMA (+4.55%) |
| Top Losers | SNX (-1.43%) | MKR (-22.63%) CRV (-18.28%) SNX (-16.35%) | COMP (-69.18%) YFI (-63.79%) NXM (-54.44%) |
| Benchmark | ETH (+11.08%) | ETH (+11.08%) | ETH (-55.21%) |
Notable Events
Notable Events
- Trader Joe (JOE) shows decline in TVL, possibly due to the cooling down of the native token AVAX after Avalanche launch on Anchor Protocol
Partager avec des amis
Articles connexes
DeFi - 18 Jun 2025
DeFi & L1L2 Weekly — 📈 The DeFi lending TVL reached a record of US$56 billion; the US Senate passed the GENIUS Act to regulate stablecoins
Market Pulse - 16 Jun 2025
🚀 ETH open interest on exchanges hit an all-time high of $21.8 billion on 10 June; Walmart and Amazon are reportedly planning to issue stablecoins
GameFi - 13 Jun 2025
NFT & Gaming — 🚀 Loaded Lions: Mane City Season 3 – Fractured Fate launched; Yuga Labs sold the Moonbirds NFT collection IP
Prêt à commencer votre aventure crypto ?
Obtenez votre guide étape par étape pour ouvrirun compte sur Crypto.com
En cliquant sur le bouton Soumettre, vous reconnaissez avoir lu l'Avis de confidentialité de Crypto.com où nous expliquons comment nous utilisons et protégeons vos données personnelles.
