Crypto.com Weekly DeFi Update (Week 52, 27/12/2021 - 03/01/2022)
Total TVL across for DeFi rose over 1,200% in 2021. OpenDAO’s $SOS token has crashed 64% since Christmas Day.
The total TVL across all DeFi platforms rose over 1,200% in 2021, with an all-time high of USD 260.12 billion on 1 December, according to DeFi Llama. (ref)
OpenDAO’s $SOS token has crashed 64% since Christmas Day. The token was airdropped on Christmas Eve to users who spent money on OpenSea. (ref)
Roughly $1.8 million worth of ETH was lost in a fake Metamask token scam in the DEXTools trading app. Around 400 users appear to have been affected. (ref)
Tectonic ($TONIC) became the largest lending protocol on Cronos just two weeks after its mainnet launch with a Total Supply of $514 million. (ref)
This week’s price and volume indices were positive at +16.60% and +21.76%, respectively, while the volatility index was negative at -13.91%.
Check the latest prices on Crypto.com/Price
*DeFi dominance is defined as the total market capitalisation of DeFi coins as a percentage of that of all currencies (including DeFi coins), based on CoinGecko’s data. See CoinGecko’s definition of dominance for more information.
Uni.Vote was released. This tool allows for gasless voting and delegation for Uniswap ($UNI) community governance. (ref)
AAVE announced plans to build a mobile wallet. (ref)
Source: CoinGecko, StakingRewards, DeFi Llama
Trader Joe announced the platform’s 2022 Q1 roadmap. (ref)
Spookyswap passed Prop-007, which proposed to introduce a MATIC farm and adjust underperforming farms. (ref)
Pancakeswap added a WOOP-BNB farm and Syrup Pool. (ref)
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