Weekly DeFi Update (Week 2, 10/01/2022 – 16/01/2022)

USDT freezes three addresses north of USD 160M. DYDX to fully decentralise by the end of 2022. BOG deploys price bot on Cronos CRO.

Jan 17, 2022
Defi 1

Key Takeaways 

  • Tether ($USDT) froze three Ethereum addresses holding over USD 160M worth of USDT following a request from law enforcement. (ref)
  • dYdX ($DYDX) announced plans to fully decentralise by the end of 2022. This will require the matching engine and orderbook to be decentralised, and will mean that no central party will receive trading fees from dYdX V4. (ref)
  • Bogged Finance ($BOG) deployed a Telegram price bot on Cronos. (ref)
  • This week’s price index was positive at +2.42%, while the volume and volatility indices were negative at -53.30% and -50.36% respectively.

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

MetricsTop 20 DeFi tokensmarket capTop 100 DeFi tokens market capDeFi dominance*vs. all crypto
Current$106.59B$142.65B6.85%
7-Day Change+6.22%+5.76%+0.28 p.p
14-Day Change-3.69%-4.86%+0.18 p.p
MetricsCurrent
Top 20 DeFi tokensmarket cap$106.59B
Top 100 DeFi tokens market cap$142.65B
DeFi dominance*vs. all crypto6.85%
Metrics7-Day Change
Top 20 DeFi tokensmarket cap+6.22%
Top 100 DeFi tokens market cap+5.76%
DeFi dominance*vs. all crypto+0.28 p.p
Metrics14-Day Change
Top 20 DeFi tokensmarket cap-3.69%
Top 100 DeFi tokens market cap-4.86%
DeFi dominance*vs. all crypto+0.18 p.p
*DeFi dominance is defined as the total market capitalisation of DeFi coins as a percentage of that of all currencies (including DeFi coins), based on CoinGecko’s data. See CoinGecko’s definition of dominance for more information.
Source: CoinGecko

DeFi Index Tokens

MetricsPriceVolumeVolatility
Top GainersAAVE (+14.63%)
CRV (+11.01%)
UNI (+10.05%)
NXM (+31.07%)LRC (+6.81%)
Top LosersLRC (-12.56%) 
LINK (-5.27%)
UMA (-5.05%)
MKR (-97.61%) 
UMA (-71.44%)
SNX (-70.18%)
LINK (-62.69%)
SNX (-59.03%)
UMA  (-54.25%)
MetricsTop Gainers
PriceAAVE (+14.63%)
CRV (+11.01%)
UNI (+10.05%)
VolumeNXM (+31.07%)
VolatilityLRC (+6.81%)
MetricsTop Losers
PriceLRC (-12.56%) 
LINK (-5.27%)
UMA (-5.05%)
VolumeMKR (-97.61%) 
UMA (-71.44%)
SNX (-70.18%)
VolatilityLINK (-62.69%)
SNX (-59.03%)
UMA  (-54.25%)
*DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV

DEX Metrics

MetricsUniswap
Ethereum
Sushi
Multi-chain
Pancake
BSC
Spookyswap
Fantom
Raydium
Solana
Trader Joe
Avalanche
Market Cap$8.0B$1.3B$3.16B$263.94M$429.86M$243.65M
7-Day Change+4.70%+1.49%+9.81%+56.23%+2.19%+5.80%
TVL$8.15B$5.57B$5.1B$1.66B$1.11B$1.47B
7-Day Change+5.58%+11.01%+0.05%+47.03%-10.09%-13.81%
Mcap/TVL0.98x0.23x0.62x0.16x0.38x0.17x
7-d Avg. Volume$212.51M$281.72M$105.22M$10.54M$34.79M$13.25M
7-Day Change-39.05%-38.65%-2.76%+20.06%-30.09%-42.27%
Volume / TVL2.61x5.06x2.06x0.63x3.12x0.9x
MetricsMarket Cap
Uniswap
Ethereum
$8.0B
Sushi
Multi-chain
$1.3B
Pancake
BSC
$3.16B
Spookyswap
Fantom
$263.94M
Raydium
Solana
$429.86M
Trader Joe
Avalanche
$243.65M
Metrics7-Day Change
Uniswap
Ethereum
+4.70%
Sushi
Multi-chain
+1.49%
Pancake
BSC
+9.81%
Spookyswap
Fantom
+56.23%
Raydium
Solana
+2.19%
Trader Joe
Avalanche
+5.80%
MetricsTVL
Uniswap
Ethereum
$8.15B
Sushi
Multi-chain
$5.57B
Pancake
BSC
$5.1B
Spookyswap
Fantom
$1.66B
Raydium
Solana
$1.11B
Trader Joe
Avalanche
$1.47B
Metrics7-Day Change
Uniswap
Ethereum
+5.58%
Sushi
Multi-chain
+11.01%
Pancake
BSC
+0.05%
Spookyswap
Fantom
+47.03%
Raydium
Solana
-10.09%
Trader Joe
Avalanche
-13.81%
MetricsMcap/TVL
Uniswap
Ethereum
0.98x
Sushi
Multi-chain
0.23x
Pancake
BSC
0.62x
Spookyswap
Fantom
0.16x
Raydium
Solana
0.38x
Trader Joe
Avalanche
0.17x
Metrics7-d Avg. Volume
Uniswap
Ethereum
$212.51M
Sushi
Multi-chain
$281.72M
Pancake
BSC
$105.22M
Spookyswap
Fantom
$10.54M
Raydium
Solana
$34.79M
Trader Joe
Avalanche
$13.25M
Metrics7-Day Change
Uniswap
Ethereum
-39.05%
Sushi
Multi-chain
-38.65%
Pancake
BSC
-2.76%
Spookyswap
Fantom
+20.06%
Raydium
Solana
-30.09%
Trader Joe
Avalanche
-42.27%
MetricsVolume / TVL
Uniswap
Ethereum
2.61x
Sushi
Multi-chain
5.06x
Pancake
BSC
2.06x
Spookyswap
Fantom
0.63x
Raydium
Solana
3.12x
Trader Joe
Avalanche
0.9x
* % change is based on the difference between two subsequent bi-weekly periods
Source: CoinGecko, DeFi Llama

Notable Events

  • Trader Joe released a whitepaper for Rocket Joe, a new DeFi 2.0 primitive on the platform. (ref)
  • Uniswap V3 became the highest volume DEX protocol on Polygon. (ref)

Tags

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