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Key Takeaways
- Chainlink (LINK) announced the release of its Verifiable Random Function (VRF) v2 to improve the experience in next-generation blockchain games and NFTs. In addition, VRF v2 can reduce the transaction fees by 60% compared to v1.
- Cardano’s first AMM DEX, SundaeSwap (SUNDAE), has crossed 100 million ADA in volume traded since launch. Meanwhile, another DEX built on Cardano, OccamX (OCX) is launching.
- Asset management firms QR Capital and Hashdex have launched the world’s first DeFi Exchange-Traded Funds (ETFs) on Brazil’s stock exchange. Their ETFs are known as QDFI11 (launched on 8 Feb 2022) and DEFI11 (launched on 17 Feb 2022), respectively.
- VVS Finance (VVS) announced the first dual rewards farm in partnership with Tectonic Finance (TONIC). Both DeFi platforms are built on Cronos chain.
- This week’s price, volume, and volatility indices were negative at -9.99%, -23.68%, and -25.54%.
Highlights
- Axelar’s universal blockchain interoperability network raises $35 Million to reach $1 billion valuation
- DeFi project Ref Finance (REF) closes $4.8 million round led by Jump Crypto
- Housecat raises $3.4 Million to help bridge DeFi, investment management
- DeFi may turn to DAO governance to reduce regulatory risks in 2022
- NFTs and DeFi are revolutionising real estate investing and homeownership
- DEX takes aim at protecting blockchains from manipulation and ‘slippage’
- Another fork bites the dust: the looming fall of FortressDAO and the perils of off-chain governance
- Multichain recovers $2.6M stolen funds, to reimburse losses on condition
- Chainlink (LINK)’s competitor, API3 (API3) surges more than 55% in one week amid crypto market doldrums
- Terra injects 450M UST into Anchor reserve days before protocol depletion
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 | $75.16B | $98.52B | 5.69% |
7-Day Change | -4.85% | -5.45% | +0.11 p.p. |
14-Day | -10.47% | -11.35% | -0.05 p.p. |
Metrics | Current |
---|---|
Top 20 DeFi tokens market cap | $75.16B |
Top 100 DeFi tokens market cap | $98.52B |
DeFi dominance* vs. all crypto | 5.69% |
Metrics | 7-Day Change |
Top 20 DeFi tokens market cap | -4.85% |
Top 100 DeFi tokens market cap | -5.45% |
DeFi dominance* vs. all crypto | +0.11 p.p. |
Metrics | 14-Day |
Top 20 DeFi tokens market cap | -10.47% |
Top 100 DeFi tokens market cap | -11.35% |
DeFi dominance* vs. all crypto | -0.05 p.p. |
Source: CoinGecko
DeFi Index Tokens
Metrics | Price | Volume | Volatility |
---|---|---|---|
Top Gainers | – | BAL (+3.11%) | UMA (+52.84%) BAL (+35.13%) SNX (+13.25%) |
Top Losers | REN (-17.01%) |