Weekly DeFi Index

This week’s market cap, volume, and volatility indices were positive at +15.99%, +82.73%, and +239.28%, respectively.


Chart of the Week

The introduction of Friend.tech has revitalised the dapp ecosystem and inspired new Friend.tech forks to rapidly develop, which have driven great interest in the SocialFi space. Friend.tech has been dominating the market since its launch; however, contenders such as Post.tech and Stars Arena are experiencing a major uptick in their activity from September — even outpacing Friend.tech at one point — while newer social platforms like Bitcoin-based New Bitcoin City are also quickly emerging as competitors and vying for a share of the market.





News Highlights


Recent Research Reports

Research Roundup Newsletter [September 2023]Ethereum: Dencun Upgrade and Proto-DankshardingAlpha Navigator: Quest for Alpha [September 2023]

Recent University Articles

What Is Chainlink (LINK)?What Is Shiba Inu (SHIB)?What Is Impermanent Loss? How to Manage It in DeFi Liquidity Pools

We’re all ears.

Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you!

Take our survey now

Author

Research and Insights Team

Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

DeFi & L1L2 Weekly (25/10/2023)

dYdX becomes open source as it transitions to Cosmos-based blockchain. Celestia gears up for mainnet beta launch. Safereum unlocked and dumped native tokens in US$1.3M exit scam.

Share with Friends

Ready to start your crypto journey?

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

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