Key Insights Q4 experienced a significant 146% increase in interest revenue compared to Q3, driven by the Binance Launchpad and Launchpool events and accruing interest on stablecoins borrowed by the BSC Token Hub exploiter. Users claimed a total of 2.3 million XVS tokens emitted by the protocol in 2022, equal to 7.9%…

Key Insights Enzyme is an asset management platform, originally built on Ethereum, that allows individuals and groups to create custom investment structures known as Vaults. Vaults allow users to customize parameters and choose which DeFi protocols to interact with. Platform users can deposit their crypto assets into non-custodial Vaults and allow more…

Key Insights Venus is a complete algorithmic money market protocol on BNB Chain. Venus offers users the ability to deposit assets as collateral for a loan, earn income from supplying liquidity, or mint VAI. Venus differentiates itself from other lending protocols through its revenue-sharing model. The proposed Venus V4 upgrade aims to…

Key Insights Solana’s protocol layer technical initiatives are focused on improving speed, increasing market efficiencies, and implementing spam reduction. Jump’s new Firedancer validator client, Jito Labs’ Jito-Solana client, and the implementation of Multiple Slot Leaders are the top initiatives. Validators are distributed across more than 25 countries and 138 data centers around…

Key Insights Morpho is an Ethereum-based lending pool optimizer, providing better rates for lenders and borrowers by matching them peer-to-peer rather than peer-to-pool. There are currently over 2,000 outstanding peer-to-peer loans facilitated through Morpho’s two instances, with $380 million in total value supplied (TVS). The Morpho token (MORPHO) is currently non-transferable and…

Key Insights To continue on its current growth trajectory, Uniswap will have to find ways to expand its total addressable market. Uniswap has successfully launched deployments on Layer-2 scaling solutions, accounting for 65% of all Layer-2 DEX volume in Q3 2022. A number of projects have taken advantage of Uniswap’s software development…

Key Insights Chia Network is a decentralized Layer-1 blockchain with a sustainable and regulatory-compliant architecture. The protocol is led by Chia Network Inc., a private company led by BitTorrent founder Bram Cohen. Chia maintains one of the largest node networks in the crypto ecosystem. Notable regulatory entities have partnered with Chia, including…

Key Insights To continue on its current growth trajectory, Uniswap will have to find ways to expand its total addressable market. Uniswap has successfully launched deployments on Layer-2 scaling solutions, accounting for 65% of all Layer-2 DEX volume in Q3 2022. A number of projects have taken advantage of Uniswap’s software development…

Key Takeaways Average number of token holders grew 31% QoQ, though total new wallet interactions were down. Average number of daily transfers and total transfer volume fell, as the bear market chilled trading activity across the crypto industry. Market valuation rebounded at the end of Q3 relative to the prior quarter. ApeCoin…