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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 Crypto.com/Price

DeFi Index Tokens

Crypto.com DeFi Index Tokens

News Highlight

DEX Protocols Metrics

Crypto.com DEX Protocols Metrics
Sources: CoinGecko, DeFi Llama, Nomics, Crypto.com Research

Lending Protocols Metrics

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


Author

Research and Insights Team


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