December 2, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
“There’s no way around it — November was a rough month for crypto.
Markets are down, lenders and funds are dropping like flies, and the bear market vibes are in full effect.
As we continue to wade through the wreckage of FTX and Alameda, it’s clear some communities were hit a lot harder than others.
This week, we dive into the tough times that have hit the Solana ecosystem, digging into how exactly the network is struggling and where the community is showing resilience.” @Source
LATEST NEWS
| DEX/CEX/AMM
▪ Decentralized crypto exchange volumes nearly double in November amid FTX debacle
▪ Notable market share: Binance at 75.1%, Coinbase at 9.2%, Kraken at 3.6%, and FTX at 3.1%
▪ Binance Exec Says Firm’s ‘Centralized Exchange’ May Not Be Around in 10 Years
▪ Coinbase Institutional will increase the USDC institutional incentive rate from 1.5% to 2.36% next year
▪ Apple requires Coinbase Wallet iOS to pay gas fees through its in-app purchase system
▪ Trader Joe to Deploy onto Arbitrum One
▪ BitMEX’s Fully Fledged PoL System Now Live & Operational
| LAYER1
▪ Sui Network has now concluded Testnet Wave 1
▪ Fantom will become the youtube/twitch of blockchain platforms — Andre Cronje
▪ Fantom: dApp Gas Monetization Program
| LENDING/CDP
▪ Increase the supply cap of ETH on the Comet USDC market from 75,000 ETH to 150,000 ETH — Compound proposal
▪ The proposal initiated by the Aave community to deploy and activate the Aave StarkNet bridge is being voted on
| STABLECOIN
▪ Rising Tether Loans Add Risk to Stablecoin, Crypto World
▪ WSJ & CO: The Hypocrisy of Mainstream Media, Asleep at the Wheel of Information
▪ Adjusted transaction volume on the Stablecoin chain in November increased by 58.3% to a record high of $918.6 billion
| PAYMENT
▪ An embeddable and customizable fiat-to-crypto onramp
| AIRDROP
▪ Harbor Protocol will distribute Token HARBOR airdrop on December 5th
| WALLET
▪ Russia’s Sber bank integrates Metamask into its blockchain platform
| NFT
▪ Magic Eden Launches Protocol to Enforce Creator Royalties
▪ MoonPay to roll out ‘soulbound’ NFT loyalty program
| FUND
▪ 645 Ventures Closes $347M Fourth Fund and First Select Fund
| POLICY®ULATION
▪ FTX Investors Are Squeezed by US for Information on Firm and Bankman-Fried
▪ UK’s Crypto Agenda Won’t Be Derailed by FTX Collapse, Minister Says
▶ Total Value Locked (TVL)
The current total locked volume of DeFi on the entire network is US $42.35 billion, a 24-hour decrease of 0.48%.
| 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
▪ 5 On-Chain Signals That We’ve Bottomed
▪ A Beginner’s Guide to StarkNet
▪ Is CZ Too Powerful?
▪ Trading NFTs on Uniswap
▪ Introducing Proof-of-Reserve Exchange Metrics
REPORT
▪ Blockchain Games Are Resilient Despite FTX Collapse _dappradar
- Despite the FTX collapse, Web3 games continue to be a driving force for the dapp industry. In October and November, gaming activity accounted for almost half of all blockchain activity tracked by DappRadar across 50 networks, with 800,875 daily Unique Active Wallets (UAW) interacting with games’ smart contracts in November.
▪ 2022 Review of Optimistic Rollups _theblockresearch
▪ November by the numbers: A look at crypto exchange volumes, open interest, and miner revenue_theblockresearch
▪ Analyzing Founders Fund’s Crypto Portfolio _theblockresearch
▪ Lens Protocol: Building the Backbone for Decentralized Social _theblockresearch
▪ WHAT H-A-P-P-E-Ns Next: A Path to Crypto’s Recovery _messari
▪ Bot Activity on Decentralized Exchanges _messari
The Investment Case for Ethereum _coinshares
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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