Crypto.com Weekly DeFi Update (Week 22, 30/05/2022 – 05/06/2022)
Terraswap is live on Terra 2.0, and Terra Classic $LUNC is hacked. Kava Networks partners with Sushi. Chainlink's VRF v2 launches on Polygon.
Key Takeaways
New applications launched on Terra 2.0 (LUNA), while on Terra Classic (LUNC), a US$90M hack went undiscovered for seven months.
Chainlink VRF v2 launched on Polygon (MATIC), upgrading the developers’ toolkit for decentralised applications.
The Kava Network (KAVA) partnered with Sushi (SUSHI) in a move to expand its DeFi offerings.
This week’s price index and volatility were positive at +3.16% and +19.81%, respectively, while the volume was negative at -9.28%.
Highlights
Crypto lender Celsius partly responsible for Terra collapse, says Nansen
Chainlink (LINK) brings price feed data to Solana (SOL) for DeFi support
Stakeall Finance launches liquid staking shuttle for Lido (LDO) on Polygon
DeFi crypto wallet aims to decentralize inheritance of crypto and NFTs
Tron (TRX) becomes DeFi’s third-largest blockchain thanks to Terra-Like stablecoin
WAVES jumps 27% after vote to liquidate USDN whales' accounts gets massive support
DeFi educator says $22B in ETH 2.0 funds won't be liquid immediately after PoS transition
Check the latest prices on Crypto.com/Price
Top Token Metrics
*Top DeFi tokens based on CoinGecko
Source: CoinGecko
DeFi Index Tokens
*DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI
DEX Metrics
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Sources: CoinGecko, DeFi Llama, Nomics
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