Crypto.com DeFi Weekly

Weekly DeFi Index

This week’s market cap and volatility indices were positive at +15.30% and +36.93%, respectively, while the volatility index was negative at -40.54%.

Crypto.com DeFi Index
Check the latest prices on Crypto.com/Price

Chart of the Week

Modular blockchain Celestia has successfully deployed its mainnet beta, enabling rollups and other modular chains to use it for data availability and consensus, marking the arrival of the ‘modular era’. This follows the airdrop of its native TIA token, issuing 60 million TIA to 580,000 active users in Cosmos and Ethereum Layer-2 ecosystems. 

The Celestia data availability (DA) layer incorporates a Proof-of-Stake (PoS) blockchain known as the celestia-app. This blockchain is the foundation for facilitating transactions within the DA layer and was developed using the Cosmos SDK. 

The launch of Celestia and TIA boosted the Cosmos ecosystem, with the total value locked (TVL) surging 23% month-on-month.

Crypto.com Celestia TIA Price Cosmos TVL

Crypto.com DeFi Index Token Performance

Crypto.com TVL of Top Chains

Crypto.com Top DEX by Chain

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Research and Insights Team

DeFi & L1L2 Weekly (08/11/2023)

Celestia launches its mainnet beta following the TIA token airdrop. Optimism introduces the Canyon Hardfork. Arbitrum DAO passes proposal to allow ARB token staking.

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