Weekly DeFi Update (Week 8, 21/02/2022 – 27/02/2022)

Yearn Finance launches layer-2 on Arbitrum. Terra raises $1B emergency reserve for black swan events. Ukraine conflict sees volume & volatility soar.

Mar 01, 2022
Defi 1200x728

Key Takeaways

Highlights

Top Token Metrics

MetricsTop 20 DeFi tokens market capTop 100 DeFi tokens market capDeFi dominance* vs. all crypto
Current$81.53B$103.41B6.02%
7-Day Change+8.72%+4.87%+0.35 p.p.
14-Day Change+4.16%-0.45%+0.44 p.p.
MetricsCurrent
Top 20 DeFi tokens market cap$81.53B
Top 100 DeFi tokens market cap$103.41B
DeFi dominance* vs. all crypto6.02%
Metrics7-Day Change
Top 20 DeFi tokens market cap+8.72%
Top 100 DeFi tokens market cap+4.87%
DeFi dominance* vs. all crypto+0.35 p.p.
Metrics14-Day Change
Top 20 DeFi tokens market cap+4.16%
Top 100 DeFi tokens market cap-0.45%
DeFi dominance* vs. all crypto+0.44 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

MetricsPriceVolumeVolatility
Top GainersREN (+16.43%)
UNI (+15.09%)
MKR (+5.73%)
NXM (+1305.79%)
REN (+82.76%)
MKR (+55.49%)
REN (+143.19%)
UNI (+120.65%)
LINK (+93.95%)
Top LosersCRV (-8.87%)
 UMA (-8.37%)
LRC (-6.34%)
BAL (-30.19%)UMA (-9.55%)
MetricsTop Gainers
PriceREN (+16.43%)
UNI (+15.09%)
MKR (+5.73%)
VolumeNXM (+1305.79%)
REN (+82.76%)
MKR (+55.49%)
VolatilityREN (+143.19%)
UNI (+120.65%)
LINK (+93.95%)
MetricsTop Losers
PriceCRV (-8.87%)
 UMA (-8.37%)
LRC (-6.34%)
VolumeBAL (-30.19%)
VolatilityUMA (-9.55%)
*DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV

Notable Events

In general, this week’s metrics were mainly driven by the conflict between Russia and Ukraine, and the crypto market volume and volatility are at a higher-than-usual level. (Note: NXM has a smaller base of about $4,000 average daily volume, hence, the % change is exaggerated.)

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
$4.47B-4.59%$7.53B-1.11%0.59x$2.35B+32.49%0.53x
Sushi
Multi-chain
$602.82M-11.97%$3.99B-17.35%0.15x$239.16M+41.37%0.40x
Curve Finance
Ethereum
$858.95M-8.06%$17.55B-7.17%0.05x$245.90M+12.65%0.29x
Pancake
BSC
$1.70B-11.77%$4.26B-7.76%0.40x$451.12M+8.06%0.27x
SpookySwap
Fantom
$181.51M+38.03%$974.76M-20.11%0.19x$337.52M+57.14%1.86x
Raydium
Solana
$210.40M-7.18%$617.68M-10.10%0.34x$76.75M+83.88%0.36x
Trader Joe
Avalanche
$182.21M+10.38%$1.40B-9.15%0.13x$207.08M+17.74%1.14x
VVS Finance
Cronos
$239.26M+9.42%$1.26B-3.84%0.19x$3.71M-5.91%0.02x
MetricsUniswap
Ethereum
Market Cap
(Native Coin)
$4.47B
7-Day Change*-4.59%
TVL$7.53B
7-Day Change*-1.11%
Native Coin Mcap / TVL0.59x
7-Day Avg. Daily Volume$2.35B
7-Day Change*+32.49%
Avg. Daily Volume / TVL0.53x
MetricsSushi
Multi-chain
Market Cap
(Native Coin)
$602.82M
7-Day Change*-11.97%
TVL$3.99B
7-Day Change*-17.35%
Native Coin Mcap / TVL0.15x
7-Day Avg. Daily Volume$239.16M
7-Day Change*+41.37%
Avg. Daily Volume / TVL0.40x
MetricsCurve Finance
Ethereum
Market Cap
(Native Coin)
$858.95M
7-Day Change*-8.06%
TVL$17.55B
7-Day Change*-7.17%
Native Coin Mcap / TVL0.05x
7-Day Avg. Daily Volume$245.90M
7-Day Change*+12.65%
Avg. Daily Volume / TVL0.29x
MetricsPancake
BSC
Market Cap
(Native Coin)
$1.70B
7-Day Change*-11.77%
TVL$4.26B
7-Day Change*-7.76%
Native Coin Mcap / TVL0.40x
7-Day Avg. Daily Volume$451.12M
7-Day Change*+8.06%
Avg. Daily Volume / TVL0.27x
MetricsSpookySwap
Fantom
Market Cap
(Native Coin)
$181.51M
7-Day Change*+38.03%
TVL$974.76M
7-Day Change*-20.11%
Native Coin Mcap / TVL0.19x
7-Day Avg. Daily Volume$337.52M
7-Day Change*+57.14%
Avg. Daily Volume / TVL1.86x
MetricsRaydium
Solana
Market Cap
(Native Coin)
$210.40M
7-Day Change*-7.18%
TVL$617.68M
7-Day Change*-10.10%
Native Coin Mcap / TVL0.34x
7-Day Avg. Daily Volume$76.75M
7-Day Change*+83.88%
Avg. Daily Volume / TVL0.36x
MetricsTrader Joe
Avalanche
Market Cap
(Native Coin)
$182.21M
7-Day Change*+10.38%
TVL$1.40B
7-Day Change*-9.15%
Native Coin Mcap / TVL0.13x
7-Day Avg. Daily Volume$207.08M
7-Day Change*+17.74%
Avg. Daily Volume / TVL1.14x
MetricsVVS Finance
Cronos
Market Cap
(Native Coin)
$239.26M
7-Day Change*+9.42%
TVL$1.26B
7-Day Change*-3.84%
Native Coin Mcap / TVL0.19x
7-Day Avg. Daily Volume$3.71M
7-Day Change*-5.91%
Avg. Daily Volume / TVL0.02x
* % change is based on the difference between two consecutive weekly periods
Source: CoinGecko, DeFi Llama, Nomics

Notable Events

Tags

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