DEX volume has been rising in the past week. Trading volume on Uniswap reached US$51 billion for November so far, which has already eclipsed October’s $29 billion. New users of Uniswap also reached a 2022 high at 55,550 daily transacting wallets.
News Highlight
On 11 November, Tether’s USDT stablecoin temporarily dropped 3% below its dollar peg.
DeFi weekly exchange volume hit $32 billion over the past seven days, according toDune Analytics’s latest data, with several exchanges posting an overnight doubling of trading volumes on the heels of market events this week.
Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs.
In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility.
We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy?
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Research and Insights Team
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