Key Takeaways
- Aave (AAVE), one of the largest lending DeFi protocols by TVL, has launched Aave v3 across multiple blockchain networks, including Arbitrum, Avalanche (AVAX), Fantom (FTM), Harmony (ONE), Optimism, and Polygon (MATIC).
- Synthetix (SNX), a protocol that enables the creation of synthetic assets, has announced the launch of its perpetual futures product on Ethereum layer 2 scaling solution Optimism, with Kwenta becoming the first partner to integrate this product.
- Metamask, the popular Ethereum web 3.0 wallet, is officially launching its own token, with a DAO also planned in the future.
- This week’s price and volume indices were positive at +13.03% and +12.33%, respectively, while the volatility index was negative at -28.62%.
Highlights
- SushiSwap (SUSHI) is launching new Automated-Market-Maker (AMM) framework – Trident phase 1
- Polkadot (DOT) lost nearly 78% of its DeFi TVL in a month, Moonbeam slides backward too
- Cardano-based DeFi project BashoSwap (BASH) is developing a launchpad and DEX
- DeFi protocols Agave (AGVE) and Hundred Finance (HND) exploited on Gnosis Chain for $11 million
- Deus Finance (DEUS) exploit: Hackers get away with $3 million worth of DAI and Ether
- MakerDAO (MKR) community proposal to replace its governance token
- DeFi analytics firm Treehouse raises $18 million seed funding
- Solana (SOL) payroll protocol Zebec (ZBC) raises $28 million in token sales
- DeFi platform 1inch (1INCH) adds wallet support for NFTs
- Universe Finance brings Uniswap V3 leveraged yield farming to Polygon
- Aussie fintech to offer mainstream direct access to DeFi with a fixed rate
- Parallel Finance launches DeFi ‘Super App’ for Polkadot crypto ecosystem
- Li Finance’s cross-chain remedy is visited by hackers
Check the latest prices on Crypto.com/Price
Top Token Metrics
| Metrics | Top 20 DeFi tokens market cap | Top 100 DeFi tokens market cap | DeFi dominance* vs. all crypto |
|---|---|---|---|
| Current | $92.87B | $115.91B | 6.20% |
| 7-Day Change | +8.35% | +8.80% | -0.01 p.p. |
| 14-Day Change | +12.63% | +11.10% | +0.13 p.p. |
| Metrics | Current |
|---|---|
| Top 20 DeFi tokens market cap | $92.87B |
| Top 100 DeFi tokens market cap | $115.91B |
| DeFi dominance* vs. all crypto | 6.20% |
| Metrics | 7-Day Change |
| Top 20 DeFi tokens market cap | +8.35% |
| Top 100 DeFi tokens market cap | +8.80% |
| DeFi dominance* vs. all crypto | -0.01 p.p. |
| Metrics | 14-Day Change |
| Top 20 DeFi tokens market cap | +12.63% |
| Top 100 DeFi tokens market cap | +11.10% |
| DeFi dominance* vs. all crypto | +0.13 p.p. |
**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
| Metrics | Price | Volume | Volatility |
|---|---|---|---|
| Top Gainers | SNX (+31.14%) AAVE (+25.98%) LRC (+20.83%) | LRC (+118.77%) AAVE (+90.69%) MKR (+52.79%) | AAVE (+52.74%) LRC (+19.04%) COMP (+7.46%) |
| Top Losers | REN (-4.58%) UMA (-1.34%) | NXM (-55.37%) REN (-39.26%) YFI (-39.21%) | UMA (-79.21%) LINK (-39.30%) SNX (-38.66%) |
| Benchmark | ETH (+11.37%) | ETH (+11.55%) | ETH (-35.37%) |
| Metrics | Top Gainers |
|---|---|
| Price | SNX (+31.14%) AAVE (+25.98%) LRC (+20.83%) |
| Volume | LRC (+118.77%) AAVE (+90.69%) MKR (+52.79%) |
| Volatility | AAVE (+52.74%) LRC (+19.04%) COMP (+7.46%) |
| Metrics | Top Losers |
| Price | REN (-4.58%) UMA (-1.34%) |
| Volume | NXM (-55.37%) REN (-39.26%) YFI (-39.21%) |
| Volatility | UMA (-79.21%) LINK (-39.30%) SNX (-38.66%) |
| Metrics | Benchmark |
| Price | ETH (+11.37%) |
| Volume | ETH (+11.55%) |
| Volatility | ETH (-35.37%) |
Notable Events
- AAVE saw increases in all metrics due to the launch of Aave v3 on multiple blockchain networks.
DEX Metrics
** Omitted due to incomplete source data
Source: CoinGecko, DeFi Llama, Nomics
Notable Events
- The DeFi sector was the best performer this week when compared with other sectors, with the 7-day cumulative return at +8.58% as shown in Messari’s Weekly Recap newsletter.
