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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
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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

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* 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

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