DeFi Insight | DCG owes gensis $1.1 billion? What’s going on?
November 21, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
“Crypto trading firm Genesis’ exposure to bankrupt crypto firms FTX and Three Arrows Capital is pulling its parent Digital Currency Group (DCG) and Grayscale into the contagion. Now, it has come to light that Barry Silbert’s DCG owes over $1.1 billion to Genesis. Some claim DCG fallout could have more ripple effects than FTX.” @Source
LATEST NEWS
| DEX/CEX/AMM
▪ Crypto Exchange Liquid Pauses All Forms of Trading
▪ FTX: Other Exchanges Should Return Stolen Funds as Soon as Possible if They Receive Them
▪ FTX has opened creditor information registration on Kroll, and the largest single claim amount exceeds 11 million US dollars
| LENDING/CDP
▪ Bankrupt Crypto Lender Celsius Was Lax With Custody Program
| TOKEN
▪ Cardano Just Introduced DUST Token, Here’s What Is Known
▪ The total effective minting amount of Binance soul bound Token BAB exceeded 500,000
▪ The total value of zkSync bridge storage exceeded 180,000 ETH
| TESTNET
▪ LayerZero has launched Metis’ Goerli testnet
| MEV
▪ MEV operator Flashbots announces open source “Flashbots Builder”
| POLICY®ULATION
▪ G20 Bali Leaders’ Declaration
▪ Lunch with Sumiko: Ethereum co-founder Vitalik Buterin on FTX saga and crypto in Singapore
▪ House Panel Seeks Documents in Probe of FTX’s Blowup
| OPINION
▪ Billionaire Mark Cuban Unfollows Crypto Projects Like MetaMask
▪ thereum Co-Founder Vitalik Buterin Says FTX Saga Offers Lessons for Crypto
▪ Ripple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus
▶ Total Value Locked (TVL)
The current total locked volume of DeFi on the entire network is US $41.09 billion, a 24-hour decrease of 3.47%.
| 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)
REPORT
▪ Layer by Layer: Solana Ecosystem Contends with FTX Fallout _theblockresearch |
Solana DeFi: Ramifications Post-FTX Collapse _messari
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- The sudden collapse of FTX and Alameda has sent shockwaves throughout crypto, imparting significant capital losses to a wide range of parties including users, developers, investors, and more
- Among L1s, the Solana ecosystem was impacted most severely by the incident due to early investments from FTX and Alameda, along with the two companies’ roles in providing an extensive range of market-making and infrastructural services for the ecosystem
- Solana now faces a long and uncertain road to recovery, but steady network performance during the recent crisis offers a glimmer of hope that continued technical updates can lay the foundation for user interest and growth once more in the future
▪ State of ApeCoin Q3 2022 _messari
- 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 DAO passed several common-sense proposals as well as some big bets on brand and marketplace initiatives.
- Development on The Otherside metaverse progressed, with the first public tech demo held successfully in mid-July.
▪ Rapid Insights: Looking into Proof-of-Reserves of Major Exchanges _theblockresearch
▪ Governor Note: The Future of dYdX DAO _messari
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