Crypto.com Weekly DeFi Update (Week 48, 29/11/2021 - 05/12/2021)
Price & volume indices dive, volume up. TVLs & market caps of all DEXes drop, miracle recovery of 602% by PancakeSwap.
While all DEXes showed negative numbers for TVL and market cap with the exception of TraderJoe, all booked an increased 7-day average change. Uniswap and PancakeSwap even showed triple digit recovery.
On the DeFi index, only NXM showed positive price movement.
The total value locked (TVL) across all Ethereum DeFi platforms has decreased to $100.57B, according to DeFi Pulse, down from $106B last week. According to DeFiLlama, the TVL for all DeFi platforms is at $249.75B, down from $265.9B last week.
Overall, DeFi volume and price indices were negative at -16.78%and-24.73%, while volatility jumped +24.03%.
Check the latest prices on crypto.com/price
*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
Badger DAO protocol suffers $120M exploit. (ref)
Orion Money now live on Polygon. (ref)
Other Internet announces $1M grant from UniSwap Grants program. (ref)
Aave’s Kulechov takes the stage at Slush HQ conference to discuss all things Web3.0. (ref)
Introducing Bancor 3. (ref)
Source: CoinGecko, StakingRewards, DeFi Llama
The TVL and market cap of all DEXes decreased between -45.11% (Trader Joe) and -4.10% (UniSwap) this week.
However, all DEXes aside from TraderJoe showed an increased 7-day average volume, with the most recovery shown by PancakeSwap at +602.96%.
This week, PancakeSwap completed its IFO (Initial Farm Offering) with Santos FC. (ref)
SpookySwap’s Development Update #7 launched. (ref)
Avalanche data is now available on Nansen, the L1 platform also launched support for Fireblocks and officially welcomed Alpha Finance Lab (ALPHA) to join Avalanche Rush with $6M allocation. (ref, ref, ref)
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