DeFi & L1L2 Weekly (02/11/2022)
zkSync launches ‘Baby Alpha’ on mainnet. Arco Protocol goes offline, asks community for confidence vote. Huobi’s HUSD stablecoin depegs after it’s delisted from the exchange.
This week’s market cap and volume indices were positive at +6.28% and +40.62%, respectively, while the volatility index was negative at -21.97%.
Unleashing the Potential of Web3: A More Viable, Responsible and Inclusive Future Web3 promises a new era for the Internet of Value. Blockchain technology is a key enabler of Web3, and could help to bring about a more viable, responsible and inclusive future. | NFT Financialisation and Utility: An Overview As NFT utility grows, so does the potential to make money from them. Financialisation could help to achieve greater liquidity for and unlock the value of NFTs. | NFT Utility: A Multifaceted Overview and Use Cases For NFTs to increase in value and be deemed viable economic and financial assets, they have to go beyond collectability and aesthetics. One way to tackle this is through utility. |
Disclaimer
The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.
The brands and the logos appearing in this report are registered trademarks of their respective owners.
Research and Insights Team
Get fresh market updates delivered straight to your inbox:
Be the first to hear about new insights:
zkSync launches ‘Baby Alpha’ on mainnet. Arco Protocol goes offline, asks community for confidence vote. Huobi’s HUSD stablecoin depegs after it’s delisted from the exchange.