DeFi Weekly

Weekly DeFi Index

This week’s market cap index was negative at -16.84%, while volume and volatility indices were positive at +10.48 and +65.70%, respectively.

Crypto.com DeFi Index 23 Aug

Chart of the Week

Launched on 10 August, Friend.Tech (Beta) is an invite-only Web3 social app built on Layer-2 blockchain Base. Users have shares, or ‘Keys’, tied to their X (formerly Twitter) account, which can be bought or sold on the platform.

Shareholders can also access a private chat room owned by the account whose shares they bought. Aside from linking their X account, users are also required to provide their email via Google or Apple during registration. 

Friend.Tech has reached over 100,000 users, and on 21 August, its fees climbed to US$1.68 million. This rapid growth can be attributed to a surge in trading volumes as of 18 August, accumulating over 19,000 ETH (worth approximately $34 million as of writing) in tokens bought. Within this period, the community has raised questions about issues relating to data retention, privacy, and regulation.

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Crypto.com DeFI Index Token Performance 23 Aug

Crypto.com TVL of Top Chains 23 Aug

Crypto.com Top DEX by Chain 23 Aug

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DeFi & L1L2 Weekly (23/08/2023)

New Ethereum testnet Holesky scheduled to launch in September. Tether stops support for USDC on three blockchains. Shibarium resumes block production after a brief pause after its mainnet launch.

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