Weekly DeFi Update (Week 14, 04/04/2022 – 10/04/2022)

Yearn advocates for ERC-4626 tokenised vault standard. USDN loses its dollar peg. As price & volume indices tumble, volatility rises.

Apr 11, 2022
DeFi 1200x728 1 1024x621 1

Key Takeaways 

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

Image 3
*Top DeFi tokens based on CoinGecko
Source: CoinGecko

DeFi Index Tokens

Image 4
*DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI

Notable Events

DEX Metrics

Image 5
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Source: CoinGecko, DeFi Llama, Nomics

Notable Events

  • The performance of the DeFi sector declined in general this week, with Spookyswap (BOO)’s TVL sliding the most, at -17.21%. This was likely associated with the price drop of Fantom (FTM), which the price fell by -24% from 4 April to 10 April.

Tags

crypto

Crypto.com research

cryptocurrencies

DeFi

Market

Share with Friends

Ready to start your crypto journey?

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

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens