Apr 27
DeFi Insight |A Beginner’s Guide to Optimism
Apr 27th, 2022
Today’s DeFi data&news Brought to you by DeFi Insight.
“At present, Optimism is a vibrant ecosystem with close to $700m in total locked value and 108 dapps deployed.
Optimism is like having your cake and eating it too: cheap, quick transactions while maintaining the primary security guarantees of the base Ethereum chain.
It’s the best of both worlds. Ethereum is scaling through rollups.
With news of its token launch, activity on Optimism is set to explode.
If you’re never heard of Optimism, it’s not too late. In fact, as we learned from the Optimism team in today’s episode there will be many future Optimism airdrops to come!” ▪Source
LATEST NEWS
| LENDING
▪ Unsecured Lending Protocol Teller Completes First Crypto Unsecured Mortgage Loan
▪ Anchor’s daily net expenditure is about $4.9 million, and the $240 million reserve is expected to cover 50 days of demand
▪ Lending protocol TrueFi launches a single borrower pool for Blockchain.com, providing up to $100 million in liquidity
| STABLECOIN
▪ Coinbase will add support for BUSD on the Ethereum network
| BRIDGE
▪ Money Under the Bridge
| WALLET
▪ MetaMask Partners With MoonPay For Easy Crypto Purchases
▪ New Avalanche wallet is as smooth as silk: Ava Labs president John Wu
| AIRDROP
▪ Optimism officially announced the native Token OP, and has opened the OP airdrop query page
| ALERT
▪ Blockchain Hackers Stole $1.3 Billion In Q1 2022
| POLICY®ULATION
▪ US Senate confirms Lael Brainard as Fed vice chair
▪ Crypto tax calculator Koinly integrates Terra into its platform
| NFT
▪ Founder of Genie: Genie has completed the integration of Coinbase NFT smart contracts
▪ Decathlon Launches NFT Sneakers For Street Football Fans
▪ Ethereum-themed documentary “Ethereum: Infinite Garden” commemorates the transfer of NFTs to new contracts
▪ NFL Draft Goes NFT: Football League Releases New Collection on Polygon
▪ A co-founder of BAYC is researching how to power the Meebits NFT series
▪ The 24-hour transaction volume of Meebits series NFT exceeds 19 million US dollars, and the floor price reaches 7.29 ETH
▪ Trader Joe’s upcoming NFT marketplace Joepegs, including NFT launchpad
▪ The Mirror website came under suspicion of being attacked, and the CTO responded that it was related to the newly added Optimism announcement minting the NFT function
| FUND
▪ CXIP Labs Taps Celebrity Investments in $6.5M Round for NFT Development Suite
▪ Founders from a16z, Solana and more back new billion-dollar crypto fund
▪ NEAR ecological DEX Tonic completes $5 million financing, led by Electric Capital and MOVE Capital
▪ Fireblocks adds support for Terra as it sees ‘record breaking’ institutional demand
▪ Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M
▪ Coinbase NFT Partner 0x Labs Raises $70 Million From Greylock Partners, Jump Crypto, and Jared Leto
Data & Analysis
▶ Total Value Locked (TVL)
The current total locked volume of DeFi on the entire network is US $207.74 billion, a 24-hour decrease of 2.77%.
| TOP 10 Chains by TVL
| Top 10 Projects by latest TVL
| Top 10 Projects by the TVL Growth in the Last 24h
▶ Protocol Revenue
| Top projects by cumulative total revenue ( 24H) _Blockchains (L1)
| Top projects by cumulative total revenue ( 24H) _Dapps(L2)
| Daily revenue for Top 10 Exchanges
| Daily revenue for Top 10 Lending Protocol
DEEP DIVE
▪ The Compromises and Benefits of Ethereum switching to a Proof of Stake network
▪ Yield Farming Model v1.0
REPORT
▪ Crypto Makret Quarterly Report 2022Q1 by Coingecko _tokeninsight
What a quarter it has been! Crypto markets got off to a rocky start in 2022 but managed to weather high inflation, Russia’s invasion of Ukraine, and a Fed rate hike within a single quarter. In the last few weeks, it rallied to close pretty much back where it started the year, at $2.2 trillion total market capitalization. These movements mirrored those in TradFi markets, as growth and tech stocks recovered after suffering significant losses. All major cryptocurrencies moved in lockstep with the overall crypto market, with only a few exceptions — LUNA, ETC, FTT and WAVES bucking the trend this quarter to close in the green. More insights in the full report!
▪ The Health of DAO Treasuries_messari
▪ Valuing Layer 1s — Memes, Money, or More?_delphidigital
▪ The De-Coupling Thesis_messari
▪ THE CAMBRIAN EXPLOSION OF STABLECOINS_coinmetrics
About:
DeFi Insight is a your source for top DeFi and Crypto news and updates.
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The information presented should be considered developing news and not investment advice.
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