November 23, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
“While it is unclear how the Genesis saga could unwind, the near-term fate of the broader crypto industry, once again, hinges on the solvency of another blackbox CeFi entity. Massive fallout will ensue if Genesis fails, especially considering the firm’s role as a nexus for institutional investment in crypto.” @Source
LATEST NEWS
| LAYER1
▪ Ankr Offers One of the First Sui Blockchain Connections
| LENDING/CDP
▪ BlockFi puts client loans into forbearance, email shows
▪ Crypto ATM Operator Coin Cloud Discussed Equity From Genesis
▪ Genesis Balance Sheet Reveals Web of Loans Across Silbert Empire
▪ Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser
▪ Aave: Most CRV collateral positions have been liquidated, leaving $1.6 million in bad debt
| DEX/CEX/AMM
▪ Sequoia Capital Apologizes to Its Fund Investors for FTX Loss
▪ Coinbase CEO: The company’s finances are public and it holds 2 million BTC, please beware of false information
▪ Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter
| STABLECOIN
▪ Curve releases whitepaper and official code for its stablecoin
| DERIVATIVES
▪ dYdX Announces the Progress of dYdX Chain: An internal testnet has been released, covering core functions such as leverage, fees, and clearing
| TOKEN
▪ DMCC digitises gold trading through tokenisation of comtech gold bullion
| AIRDROP
▪ Stride airdrop governance token STRD has been opened for application
| WHALE
▪ Ethereum’s large whales (holding $10.9M to $1.09B) have added 947,940 more $ETH worth ~$1.03B
| ALERT
▪ Bo Shen, founder of Fenbushi Capital: Personal wallet assets worth $42 million were stolen
| NFT
▪ RogueBlox Alpha Test Campaign
▪ NFT marketplace Magic Eden integrates with Polygon to grow blockchain gaming
| FUND
▪ DCG CEO’s Letter to Shareholders: I believe it will get out of this crypto winter, and this year’s revenue may reach 800 million US dollars
| OPINION
▪ Fallen Hedge Fund Three Arrows Capital’s Founder Says FTX Set Crypto Back Years
| POLICY®ULATION
▪ Binance US Steps Into National Politics With New Campaign PAC
▪ Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation
▪ Komainu secures MVP licence from Dubai’s Virtual Assets Regulatory Authority
▶ Total Value Locked (TVL)
The current total locked volume of DeFi on the entire network is US $41.25 billion, a 24-hour increase of 0.53%.
| 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
▪ Expanding Uniswap’s Addressable Market _messari
- 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 kit, either integrating the Uniswap protocol or augmenting its functionality.
- Whether or not to turn on the fee switch is a big debate for Uniswap’s growth. The question is whether a new capital pool for growth investments would offset a weaker competitive position with liquidity providers.
▪ A Primer on NFT Wash Trading _delphidigital
▪ The Uncoupling of Generative Art NFTs _theblockresearch
▪ Analyzing Pantera’s Investment Portfolio _theblockresearch
▪ Defi 101: Curve Finance _thetie
▪ The Ripple Effects of FTX and Alameda’s Off-Chain Arrangements _messari
▪ We’re All Losers Here, Just Some Less than Others_messari
About:
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The information presented should be considered developing news and not investment advice.
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