DeFi & L1L2 Weekly (16/11/2022)

Tether’s USDT stablecoin temporarily dropped 3%. 7-day DeFi weekly exchange volume hits $32 million.

Nov 16, 2022
DeFi Weekly

Weekly DeFi Index

This week’s market cap and volume indices were negative at -20.07% and -15.63%, respectively, while volatility index was positive at +215.12%.

Check the latest prices on

DeFi Index Token Performance
  • DEX volume has been rising in the past week. Trading volume on Uniswap reached US$51 billion for November so far, which has already eclipsed October’s $29 billion. New users of Uniswap also reached a 2022 high at 55,550 daily transacting wallets.
Screen Shot 2022 11 16 At 9.23.10 Pm
Screen Shot 2022 11 16 At 9.23.38 Pm 1

News Highlight

  • On 11 November, Tether’s USDT stablecoin temporarily dropped 3% below its dollar peg.
  • DeFi weekly exchange volume hit $32 billion over the past seven days, according to Dune Analytics’s latest data, with several exchanges posting an overnight doubling of trading volumes on the heels of market events this week.

Recent Research Reports

Argentina 2022 Survey

Research Roundup Newsletter [October 2022]

Alpha Navigator [October 2022] recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs.In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility.We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy?


The information in this report is provided as general market commentary by 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 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:


crypto research



layer 1

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with

By clicking the Get Started button you acknowledge having read the Privacy Notice of where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens