DeFi Insight | Insights From the FTX Implosion
November 11, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
“Is anybody else exhausted from this chaotic week?
We recapped the wild series of events around FTX yesterday. 👈
The situation is changing rapidly, and there’s still so much that we don’t know.
Today’s newsletter takes a deeper dive into the data.
When did users start withdrawing funds en masse from FTX?
How much money is Alameda moving around on DeFi?
Which DeFi protocols are being hit the hardest? ” @Source
LATEST NEWS
| DEX/CEX/AMM
▪ After Rattling Confidence in FTX, Binance Still Holds 5% of FTT Supply
▪ FTX’s Bankman-Fried Quietly Invested More than $500 Million in Sequoia and Other VCs
▪ Despite FTX collapse, some investors are still as bullish as ever on the future of the crypto industry
▪ Exclusive: These Investors Stand To Lose The Most From FTX’s Implosion
▪ Crypto Exchange FTX Reopens Bahamian Withdrawals: Nansen
▪ LayerZero CEO: Willing to replace 2.8 million STG held by FTX 1:1
▪ LayerZero announced that it has repurchased 100% of its equity and currency rights from FTX, and currently holds $134 million in value assets
▪ Genesis: Derivatives sector has $175 million locked in FTX trading account
▪ FTX Latest: BlockFi Halt, SEC Probe, Asset Freeze Deepen Crisis
▪ Tether does not have any plans to invest or lend money to FTX/Alameda
▪ FTX Announcement Regarding the Tron Credit Facility
▪ EXCLUSIVE Bankman-Fried seeks $9.4 bln package for FTX rescue-sources
▪ Binance hires UK director, invokes need to comply with regulators
▪ Coinbase layoffs more than 60 recruiting, onboarding employees
| LENDING/CDP
▪ Solend accrues $6 million in bad debt from a single underwater loan
| LAYER1
▪ Aptos and Google Cloud unveil partnership, plan for accelerator program
| STABLECOIN
▪ Tether Proves Resilience of Reserves in Latest Attestation
Data & Analysis
▶ Total Value Locked (TVL)
The current total locked volume of DeFi on the entire network is US $44.59 billion, a 24-hour increase of 1.73%.
| 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)
DEEP DIVE
▪ The Next Wave of Crypto Adoption: Regulation, Security and User Experience
▪ The Crypto Financial Crisis
REPORT
▪ FTX Meltdown: Implications and Insights _messari
- In a throwback to the early days of crypto, FTX, the third largest crypto exchange, halted user withdrawals during a bank run. There is reportedly a shortfall of $8 billion.
▪ State of Compound Q3 2022 _messari
▪ Searching for Alpha: Sturdy Finance and MetaStreet _theblockresearch
▪ October Blockchain Funding Recap _theblockresearch
▪ An Overview of Layer 3s _theblockresearch
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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