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.
Key Takeaways
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%.
Highlights
Total value locked in DeFi surges over 1,200% in 2021 to surpass $240 billion
DeFi startup Umee raises additional $32 million in CoinList sale
Eth2's Rocket Pool reaches $350M TVL and 635 node operators in five weeks
Uniswap token becomes most traded asset among Ethereum whales
Check the latest prices on Crypto.com/Price
*DeFi dominance is defined as the total market capitalisation of DeFi coins as a percentage of that of all currencies (including DeFi coins), based on CoinGecko’s data. See CoinGecko’s definition of dominance for more information.
Source: CoinGecko
Notable Events
Uni.Vote was released. This tool allows for gasless voting and delegation for Uniswap ($UNI) community governance. (ref)
AAVE announced plans to build a mobile wallet. (ref)
Source: CoinGecko, StakingRewards, DeFi Llama
Notable Events
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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