Market Update (Week 44, 1/11/2021 – 7/11/2021)

Price index up, volume and volatility indices down. New York’s and Miami’s mayors accept their paychecks in bitcoin.

Nov 08, 2021

Key Takeaways


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Notable events

The Polkadot (DOT) network has started the process of running its first parachain auctions. (ref)

The value of smart contracts dependent on data from Chainlink’s (LINK) oracle networks has climbed to $75 billion. (ref)

The first non-custodial decentralised exchange built on the Cardano (ADA) blockchain by Ravendex. (ref)

Stellar (XLM) to do a staged rollout of AMMs, to go live soon, post validator approval. (ref)

Tezos (XTZ), an energy-efficient open-source blockchain, will present an NFT art experience at Art Basel Miami Beach this December, as an official partner for Art Basel Miami Beach 2021. (ref)

Notable events

The total value locked (TVL) on the Maker (MKR) protocol reached a record $17.98 billion. This makes Maker the second-ranked DeFi protocol by TVL. (ref)

Across Protocol, a fast and cheap L2 to L1 bridge, will launch live on the mainnet on 9 Nov 2021. Across uses Universal Market Access’s (UMA) Optimistic Oracle to insure transactions. (ref)

Thousands of Redditors upvoted posts from late last week that claimed Loopring (LRC) is behind GameStop’s upcoming NFT efforts. (ref)

Notable events

SoftBank leads $93M investment in NFT gaming firm The Sandbox (SAND). (ref)

Illuvium (ILV), a game built on the Ethereum blockchain, releases its first gameplay trailer. (ref)

Shiba Inu (SHIB) whale made a move on their holdings of 40 trillion SHIB, which was worth roughly $2.8 billion at the time. (ref)

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