Weekly DeFi Update (Week 10, 07/03/2022 – 13/03/2022)

Fantom Foundation addresses Andre Cronje’s departure in an official statement. AVAX has $290M to offer. Risk-to-Earn is coming to Cronos with MM Finance.

Mar 14, 2022
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Key Takeaways

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

MetricsTop 20 DeFi tokens
market cap
Top 100 DeFi tokens market capDeFi dominance*
vs. all crypto
Current$86.00B$106.75B6.26%
7-Day Change+3.76%+2.23%+0.22 p.p.
14-Day Change+5.61%+3.48%+0.20 p.p.
MetricsCurrent
Top 20 DeFi tokens
market cap
$86.00B
Top 100 DeFi tokens market cap$106.75B
DeFi dominance*
vs. all crypto
6.26%
Metrics7-Day Change
Top 20 DeFi tokens
market cap
+3.76%
Top 100 DeFi tokens market cap+2.23%
DeFi dominance*
vs. all crypto
+0.22 p.p.
Metrics14-Day Change
Top 20 DeFi tokens
market cap
+5.61%
Top 100 DeFi tokens market cap+3.48%
DeFi dominance*
vs. all crypto
+0.20 p.p.
*Top DeFi tokens based on CoinGecko
**DeFi dominance is defined as the total market capitalisation of DeFi coins as a percentage of that of all currencies (including DeFi coins), based on CoinGecko’s data. See CoinGecko’s definition of dominance for more information.
Source: CoinGecko

DeFi Index Tokens

MetricsPriceVolumeVolatility
Top GainersSNX (+9.62%)
REN (+5.86%)
SNX (+101.12%)
YFI (+9.20%)
REN (+8.72%)
SNX (+176.60%)
UNI (+56.72%)
AAVE (+52.32%)
Top LosersUMA (-13.03%)
 CRV (-6.29%)
MKR (-6.27%)
UMA (-73.34%)
CRV (-35.20%)
NXM (-34.52%)
UMA (-83.78%)
CRV (-19.06%)
BenchmarkETH (-2.66%)ETH (-18.49%)ETH (+18.92%)
MetricsTop Gainers
PriceSNX (+9.62%)
REN (+5.86%)
VolumeSNX (+101.12%)
YFI (+9.20%)
REN (+8.72%)
VolatilitySNX (+176.60%)
UNI (+56.72%)
AAVE (+52.32%)
MetricsTop Losers
PriceUMA (-13.03%)
 CRV (-6.29%)
MKR (-6.27%)
VolumeUMA (-73.34%)
CRV (-35.20%)
NXM (-34.52%)
VolatilityUMA (-83.78%)
CRV (-19.06%)
MetricsBenchmark
PriceETH (-2.66%)
VolumeETH (-18.49%)
VolatilityETH (+18.92%)
*DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV

Notable Events

  • Weekly volatility was high, with SNX clocking especially high price, volume and volatility changes caused by an adjustment in fee parameters.
  • UMA experienced a sudden surge in price and volume 2 weeks ago. This appears to have cooled somewhat, with this week’s changes being relatively lower

DEX Metrics

MetricsMarket Cap
(Native Coin)
7-Day Change*TVL7-Day Change*Native Coin Mcap / TVL7-Day Avg. Daily Volume7-Day Change*Avg. Daily Volume / TVL
Uniswap
Ethereum
$3.75B+0.12%$7.53B-1.11%0.50x$1.51B-25.98%0.40x
Sushi
Multi-chain
$538.29M+0.07%$3.99B-17.35%0.14x$134.82M-28.10%0.25x
Curve Finance
Ethereum
$752.36M-4.08%$17.57B-0.97%0.04x$316.08M+39.56%0.42x
Pancake
BSC
$1.59B-1.71%$4.26B+2.27%0.37x$339.33M-16.00%0.21x
SpookySwap
Fantom
$101.86M-20.35%$704.88M-35.58%0.14x$175.43M-48.49%1.72x
Raydium
Solana
$205.38M-3.76%$577.26M-1.18%0.35x$36.14M-37.87%0.18x
Trader Joe
Avalanche
$151.08M-9.88%$1.40B-1.64%0.11x$115.83M-49.21%0.77x
VVS Finance
Cronos
$230.24M-7.85%$1.20B-3.76%0.19x$2.16M-37.04%0.01x
MetricsUniswap
Ethereum
Market Cap
(Native Coin)
$3.75B
7-Day Change*+0.12%
TVL$7.53B
7-Day Change*-1.11%
Native Coin Mcap / TVL0.50x
7-Day Avg. Daily Volume$1.51B
7-Day Change*-25.98%
Avg. Daily Volume / TVL0.40x
MetricsSushi
Multi-chain
Market Cap
(Native Coin)
$538.29M
7-Day Change*+0.07%
TVL$3.99B
7-Day Change*-17.35%
Native Coin Mcap / TVL0.14x
7-Day Avg. Daily Volume$134.82M
7-Day Change*-28.10%
Avg. Daily Volume / TVL0.25x
MetricsCurve Finance
Ethereum
Market Cap
(Native Coin)
$752.36M
7-Day Change*-4.08%
TVL$17.57B
7-Day Change*-0.97%
Native Coin Mcap / TVL0.04x
7-Day Avg. Daily Volume$316.08M
7-Day Change*+39.56%
Avg. Daily Volume / TVL0.42x
MetricsPancake
BSC
Market Cap
(Native Coin)
$1.59B
7-Day Change*-1.71%
TVL$4.26B
7-Day Change*+2.27%
Native Coin Mcap / TVL0.37x
7-Day Avg. Daily Volume$339.33M
7-Day Change*-16.00%
Avg. Daily Volume / TVL0.21x
MetricsSpookySwap
Fantom
Market Cap
(Native Coin)
$101.86M
7-Day Change*-20.35%
TVL$704.88M
7-Day Change*-35.58%
Native Coin Mcap / TVL0.14x
7-Day Avg. Daily Volume$175.43M
7-Day Change*-48.49%
Avg. Daily Volume / TVL1.72x
MetricsRaydium
Solana
Market Cap
(Native Coin)
$205.38M
7-Day Change*-3.76%
TVL$577.26M
7-Day Change*-1.18%
Native Coin Mcap / TVL0.35x
7-Day Avg. Daily Volume$36.14M
7-Day Change*-37.87%
Avg. Daily Volume / TVL0.18x
MetricsTrader Joe
Avalanche
Market Cap
(Native Coin)
$151.08M
7-Day Change*-9.88%
TVL$1.40B
7-Day Change*-1.64%
Native Coin Mcap / TVL0.11x
7-Day Avg. Daily Volume$115.83M
7-Day Change*-49.21%
Avg. Daily Volume / TVL0.77x
MetricsVVS Finance
Cronos
Market Cap
(Native Coin)
$230.24M
7-Day Change*-7.85%
TVL$1.20B
7-Day Change*-3.76%
Native Coin Mcap / TVL0.19x
7-Day Avg. Daily Volume$2.16M
7-Day Change*-37.04%
Avg. Daily Volume / TVL0.01x
* % change is based on the difference between two consecutive weekly periods
Source: CoinGecko, DeFi Llama, Nomics

Notable Events

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