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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%.

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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.
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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]
Crypto.com 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?

Argentina 2022 Survey

Research Roundup Newsletter [October 2022]

Alpha Navigator [October 2022]
Crypto.com 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?

Disclaimer

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