Weekly DeFi Update (Week 1, 03/01/2022 – 09/01/2022)

Terra is investing $139M to enhance use cases for TerraUSD UST. AaveAave launches institutional product Aave Arc. TectonicFi TONIC is now listed on Crypto.com Exchange.

Defi

Key Takeaways

  • Terra ($LUNA) announced that it would invest USD 139M in projects across different blockchains to enhance use cases for its TerraUSD (UST) stablecoin. (ref)
  • Aave ($AAVE) launched its institutional product Aave Arc, a permissioned and regulated DeFi product aimed at institutions. (ref)
  • Ethereum-based prediction markets platform Polymarket has been fined $1.4M and ordered to shut unlicensed markets by the CFTC. (ref)
  • Tectonic ($TONIC) has been listed on Crypto.com Exchange. (ref)
  • This week’s volume and volatility indices were positive at +64.63% and +7.83%, respectively, while the price index was negative at -3.62%.

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

MetricsTop 20 DeFi tokensmarket capTop 100 DeFi tokens market capDeFi dominance*vs. all crypto
Current$100.42B$134.11B6.73%
7-Day Change-9.10%-10.44%+0.06% p.p.
14-Day Change-14.51%-13.89%+0.35% 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 GainersLINK (+25.79%)LINK (+164.20%)
UMA (+159.77%)
MKR (+77.51%)
UMA (+87.50%)
NXM (+76.25%)
SNX (+73.19%)
Top LosersLRC (-26.06%) 
CRV (-21.80%)
AAVE (-18.15%)
NXM (-31.07%) 
AAVE (-9.39%)
YFI (-46.10%)
CRV (-32.50%)
BAL (-19.19%)
*DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV

DEX Metrics

MetricsUniswapEthereumSushiMulti-chainPancakeBSCSpookyswapFantomRaydiumSolanaTrader JoeAvalanche
Market Cap$7.13B$1.33B$2.86B$151.98M$433.38M$231.45M
7-Day Change-18.61%-26.40%-16.40%+5.31%-22.56%-28.62%
TVL$7.83B$5.02B$4.93B$1.12B$1.23B$1.71B
7-Day Change-9.98%-8.11%-11.14%-3.67%-23.91%-13.29%
Mcap/TVL0.92x0.27x0.59x0.13x0.35x0.14x
7-d Avg. Volume$348.63M$459.21M$108.2M$8.78M$49.77M$22.95M
7-Day Change-2.76%-37.05%+0.84%-12.31%-0.96%-48.95%
Volume / TVL4.45x9.15x2.2x0.79x4.05x1.34x
* % change is based on the difference between two subsequent bi-weekly periods
Source: CoinGecko, StakingRewards, DeFi Llama

Notable Events

  • Trader Joe’s Bulletin Board #9 was released. (ref)
  • Pancakeswap Community Roundup #2 was released. (ref)

Raydium announced that the P2E metaverse game SpaceFalconIO will launch on AcceleRaytor. (ref)

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