Crypto.com white logo

Win exclusive prizes in our FIFA World Cup™ trading competition.

DeFi & L1L2 (Week 30, 27/07/2022 – 02/08/2022)

Aave passed proposal to launch crypto-based stablecoin, GHO. Ethereum’s tenth “shadow fork” goes into effect. Harmony proposes a hard fork to reimburse users’ funds with minting billions of ONE.

Aug 03, 2022
R&I DeFi Weeky Banner

Weekly DeFi Index

This week’s price, volume, and volatility indices were positive at +21.92%, +59.15%, and  +44.81%, respectively.

Weekly Macro Context 4

DeFi Index Tokens

Image 1
* DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI.

News Highlight

DEX Protocols Metrics

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

Lending Protocols Metrics

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

Charts on Layer 2 Projects

  • Overall, the L2 market saw +10.67% growth over the past week and the projects adopted Optimistic Rollup and ZK Rollup gained +13.94% and +4.51%, respectively, while Ethereum’s TVL rose 9.68%.
Tvl L2 Projects
  • Optimistic Rollup still dominates the L2 market with over US$3.8 billion in TVL. Additionally, Optimism’s TVL surged around 32% during the week.
Tvl Optimistic Rollups
  • For ZK Rollup projects, StarkNet gained traction with over 15% growth in TVL week on week.
Tvl Zk Rollups

Further Reading

Author

Research and Insights Team

Tags

crypto

crypto research

cryptocurrencies

DeFi

layer 1

layer 2

Share with Friends

Ready to start your crypto journey?

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

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Get Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens