Weekly DeFi Update (Week 8, 21/02/2022 – 27/02/2022)
Yearn Finance launches layer-2 on Arbitrum. Terra raises $1B emergency reserve for black swan events. Ukraine conflict sees volume & volatility soar.
Key Takeaways
- Yearn Finance (YFI) launched its first Ethereum layer-2 service on Arbitrum. Meanwhile, Solidly Exchange (SOLID), a new DeFi project built on the Fantom blockchain by Yearn founder Andre Cronje, has reached a TVL of $2.37 billion since launched on 10 Feb 2022.
- Cosmos (ATOM), the 2nd largest DeFi ecosystem by TVL, announced the launch of interchain accounts. At the same time, pSTAKE Finance brings liquid staking and a new airdrop to the Cosmos ecosystem.
- MMDAO, the team behind MMFinance (MMF) on the Cronos chain, introduced the 8th MMF Launchpad with the major concept of ‘Protocol-Owned-Liquidity (POL)’.
- This week’s price, volume, and volatility indices were positive at +3.56%, +31.56%, and +78.27%, respectively.
Highlights
- Former Cisco employee launches DAO to buy Denver Broncos
- Switzerland-based index provider offers DeFi exposure
- Austrian programmer and ex-crypto CEO likely stole $11 billion of Ether
- DEX super aggregator unites DApps across multiple chains
- Maple Finance partners with Celsius to launch wETH lending pool
- Opera announces the integration with DeFi platform DeversiFi
- Solana wallet Slope Finance raises $8 million
- Wrapped Bitcoin inflows stall as Ethereum DeFi use down
- The DAO is a major concept for 2022 and will disrupt many industries
- Front-running, flash bots and keeping things fair in the crypto market
Top Token Metrics
| Metrics | Top 20 DeFi tokens market cap | Top 100 DeFi tokens market cap | DeFi dominance* vs. all crypto |
|---|---|---|---|
| Current | $81.53B | $103.41B | 6.02% |
| 7-Day Change | +8.72% | +4.87% | +0.35 p.p. |
| 14-Day Change | +4.16% | -0.45% | +0.44 p.p. |
Source: CoinGecko
DeFi Index Tokens
| Metrics | Price | Volume | Volatility |
|---|---|---|---|
| Top Gainers | REN (+16.43%) UNI (+15.09%) MKR (+5.73%) | NXM (+1305.79%) REN (+82.76%) MKR (+55.49%) | REN (+143.19%) UNI (+120.65%) LINK (+93.95%) |
| Top Losers | CRV (-8.87%) UMA (-8.37%) LRC (-6.34%) | BAL (-30.19%) | UMA (-9.55%) |
Notable Events
In general, this week’s metrics were mainly driven by the conflict between Russia and Ukraine, and the crypto market volume and volatility are at a higher-than-usual level. (Note: NXM has a smaller base of about $4,000 average daily volume, hence, the % change is exaggerated.)
DEX Metrics
| Metrics | Market Cap(Native Coin) | 7-Day Change* | TVL | 7-Day Change* | Native Coin Mcap / TVL | 7-Day Avg. Daily Volume | 7-Day Change* | Avg. Daily Volume / TVL |
|---|---|---|---|---|---|---|---|---|
| Uniswap Ethereum | $4.47B | -4.59% | $7.53B | -1.11% | 0.59x | $2.35B | +32.49% | 0.53x |
| Sushi Multi-chain | $602.82M | -11.97% | $3.99B | -17.35% | 0.15x | $239.16M | +41.37% | 0.40x |
| Curve Finance Ethereum | $858.95M | -8.06% | $17.55B | -7.17% | 0.05x | $245.90M | +12.65% | 0.29x |
| Pancake BSC | $1.70B | -11.77% | $4.26B | -7.76% | 0.40x | $451.12M | +8.06% | 0.27x |
| SpookySwap Fantom | $181.51M | +38.03% | $974.76M | -20.11% | 0.19x | $337.52M | +57.14% | 1.86x |
| Raydium Solana | $210.40M | -7.18% | $617.68M | -10.10% | 0.34x | $76.75M | +83.88% | 0.36x |
| Trader Joe Avalanche | $182.21M | +10.38% | $1.40B | -9.15% | 0.13x | $207.08M | +17.74% | 1.14x |
| VVS Finance Cronos | $239.26M | +9.42% | $1.26B | -3.84% | 0.19x | $3.71M | -5.91% | 0.02x |
Source: CoinGecko, DeFi Llama, Nomics
Notable Events
- Crypto markets plunged due to the conflict between Russia and Ukraine, together with the increases in the trading volumes and volatility.
- Following the hype and rapid growth of Solidly Exchange (SOLID), a new project by Andre Cronje on the Fantom (FTM) network, Fantom’s leading DEX, SpookySwap (BOO) also saw an increase in its native coin market cap.
Condividi con gli amici
Articoli correlati
Market Pulse - YESTERDAY
📈US spot BTC ETFs drive over 30% of spot BTC volume; Crypto.com and Emirates explore integrating Crypto.com Pay in Emirates’ payment systems
Market Pulse - YESTERDAY
📈US spot BTC ETFs drive over 30% of spot BTC volume; Crypto.com and Emirates explore integrating Crypto.com Pay in Emirates’ payment systems
Market Pulse - YESTERDAY
📈US spot BTC ETFs drive over 30% of spot BTC volume; Crypto.com and Emirates explore integrating Crypto.com Pay in Emirates’ payment systems
DeFi - 9 Jul 2025
DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract
DeFi - 9 Jul 2025
DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract
DeFi - 9 Jul 2025
DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract
Market Pulse - 7 Jul 2025
📉 BTC’s implied volatility fell to Oct 2023 lows; Crypto.com celebrated its 9th anniversary
Market Pulse - 7 Jul 2025
📉 BTC’s implied volatility fell to Oct 2023 lows; Crypto.com celebrated its 9th anniversary
Market Pulse - 7 Jul 2025
📉 BTC’s implied volatility fell to Oct 2023 lows; Crypto.com celebrated its 9th anniversary
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.
