DeFi & L1L2 Weekly (21/09/2022)

Ethereum completed The Merge, and Vitalik Buterin shares his vision for layer-3. Compound Treasury launched borrowings for institutions. Crypto market maker Wintermute hit by US$160M hack.

Sep 21, 2022
R&I DeFi Layer 1 2 Weekly Update

Weekly DeFi Index

This week’s market cap, volume, and volatility indices were negative at -7.35%, -10.76%, and -42.16%, respectively.

Check the latest prices on

DeFi Index Tokens DeFi Index Tokens

News Highlight

DEX Protocols Metrics DEX Protocols Metrics
Sources: CoinGecko, DeFi Llama, Nomics, Research

Lending Protocols Metrics Lending Protocols Metrics
*LDR (Loan to Deposit Ratio) = Total Borrowed / TVL
Sources: CoinGecko, DeFi Llama, Research

Charts on Layer-2 Projects

  • The overall L2 market displayed a downtrend in the last week as its TVL dropped by -4.72%. Optimistic rollup projects dropped by -4.30% and zero-knowledge rollups decreased by -3.69%. But they outperformed Ethereum, as its TVL decreased by -7.08%.

  • The TVL changes for all major optimistic rollup projects were negative last week, and Metis Andromeda declined the most at -8.30%, followed by Boba Network at -6.46%.

  • ZK rollup projects maintained its downtrend since July. Almost all ZK rollup projects’ TVL fell except Loopring (+0.71%), and ZKSpace plunged most at -35.87%.

Further Reading


Research and Insights Team

Get fresh market updates delivered straight to your inbox:

Subscribe to newsletters 

Be the first to hear about new insights:

Follow us on Twitter

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