Crypto.com Weekly DeFi Update (Week 37, 13/09/2021 - 19/09/2021)
MISO Stolen Funds Returned
Market Recap
According to DeFi Pulse, TVL (total value locked) in DeFi protocols now stands at $89.23B, up from nearly $85B last week. According to CoinGecko, market capitalisation of the top 100 DeFi tokens now stands at $125B, up from $124B last week. Their dominance in the crypto space stands at 5.7%.
Overall, both the volatility and volume indices decreased by 11.54% and 20.09% respectively, while the price index increased by 0.36%.
Check the latest prices on crypto.com/price
Spotlight of the Week
MISO Token Launchpad Hacked, then Funds Returned (18/09/2021)
SushiSwap’s token launchpad, MISO, was hacked for $3M worth of Ethereum by injecting malicious code into the platform’s front end, replacing their wallet address with the auction wallet address. The hacker’s address acquired 864 Ether. Within a day, the hacker returned the funds after the SushiSwap team cited legal action.
Price Index
Top 3 increases: REN (+24.96%), CRV (+23.89%), SNX (+15.78%)
Top 3 decreases: YFI (-21.53%), LINK (-3.67%), MKR (-2.87%)
Volume Index
Top 3 increases: REN (+184.29%), CRV (+79.59%), SNX (+57.66%)
Top 3 decreases: NXM (-68.07%), UNI (-29.05%), LINK (-27.68%)
Volatility Index
Top 3 increases: REN (+70.84%), CRV (+50.59%), AAVE (+25.31%)
Top 3 decreases: LINK (-38.87%), LRC (-34.32%), UNI (-23.11%)
Notable Events in DeFi
SushiSwap Co-Founder 0xMaki Steps Down (18/09/2021)
0xMaki, one of the Co-Founders of SushiSwap, announced that he would be stepping down from his role at SushiSwap, citing the toll it has taken on his well-being. In his announcement 0xMaki continued to show support for the space, and will continue to be involved with SushiSwap in an advisory role.
$1B Burned in Eth since London Upgrade (13/0/2021)
Total of 300,000 ETH has been burned since the London upgrade. At time of reporting, this equates to over $1B in Eth.
Top DeFi News
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