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DeFi & L1L2 (Week 32, 10/08/2022 – 16/08/2022)

Acala Network suffered security breach, aUSD depegged. Curve Finance’s website hacked. Crypto users were hit with “dust attack” after being sent a small amount of ETH from Tornado Cash.

Aug 17, 2022
R&I DeFi Layer 1 2 Weekly Update

Weekly DeFi Index

This week’s price index dropped by -7.26%, while volume and volatility indices were positive at +11.26% and +3.16%, respectively.

Weekly Defi Index

Check the latest prices on Crypto.com/Price

DeFi Index Tokens

DeFi Index Tokens

*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, Nomics, Crypto.com Research

Lending Protocols Metrics

Lending Protocols Metrics

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

Charts on Layer 2 Projects

  • Overall, the L2 market saw +6.99% growth over the past week. Optimistic rollup projects rose +4.15% and zero-knowledge rollup projects dropped -4.61%. Sidechain projects gained traction with +18.02% growth, mainly driven by Polygon (+20.50%). Ethereum’s TVL rose +1.17%.
Tvl Of L2 Projects
  • The TVL for almost all of optimistic rollup’s projects were negative last week except Arbitrum (+7.75%) and Optimism (+0.04%).
Tvl for Optimistic Rollup Projects
  • Although the overall TVL of ZK rollups fell, StarkNet was under the spotlight as its TVL grew +14.07%.
Tvl for Zk Rollup Projects

Further Reading

Authors

Research and Insights Team


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crypto research

cryptocurrencies

DeFi

L1 & L2

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