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
Condividi con gli amici
Articoli correlati
Market Pulse - 10HR AGO
📉 BTC’s implied volatility fell to Oct 2023 lows; Crypto.com celebrated its 9th anniversary
Market Pulse - 10HR AGO
📉 BTC’s implied volatility fell to Oct 2023 lows; Crypto.com celebrated its 9th anniversary
Market Pulse - 10HR AGO
📉 BTC’s implied volatility fell to Oct 2023 lows; Crypto.com celebrated its 9th anniversary
GameFi - 3D AGO
NFT & Gaming — 🎮 Pudgy Penguins is launching a Web3 game, Pengu Clash; Otherside announced the upcoming shooter game, Bathroom Blitz
GameFi - 3D AGO
NFT & Gaming — 🎮 Pudgy Penguins is launching a Web3 game, Pengu Clash; Otherside announced the upcoming shooter game, Bathroom Blitz
GameFi - 3D AGO
NFT & Gaming — 🎮 Pudgy Penguins is launching a Web3 game, Pengu Clash; Otherside announced the upcoming shooter game, Bathroom Blitz
DeFi - 2 Jul 2025
DeFi & L1L2 Weekly — 📈 The weekly unique users of Ethereum-based stablecoins surpassed 750,000; REX-Osprey Solana and Staking ETF is set to launch today
DeFi - 2 Jul 2025
DeFi & L1L2 Weekly — 📈 The weekly unique users of Ethereum-based stablecoins surpassed 750,000; REX-Osprey Solana and Staking ETF is set to launch today
DeFi - 2 Jul 2025
DeFi & L1L2 Weekly — 📈 The weekly unique users of Ethereum-based stablecoins surpassed 750,000; REX-Osprey Solana and Staking ETF is set to launch today
Sei pronto per avventurarti nel mondo delle criptovalute?
Ottieni subito la guida per configurare il tuo account Crypto.com
Cliccando sul pulsante Invia, riconosci di aver letto l' Informativa sulla privacy di Crypto.com dove illustriamo come usiamo e proteggiamo i tuoi dati personali.
