Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 23/11/2022 - 29/11/2022)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 23/11/2022 - 29/11/2022)Ethereum staking withdrawals enter the testnet stage. Gas usage on Ethereum L2 networks reaches record monthly high. Aave proposed governance changes after failed US$60M short attack.Weekly DeFi IndexThis week's market cap and volume indices were positive at +8.02% and +5.48%, respectively, while volatility index was negative at -4.55%. Check the latest prices on Crypto.com/Price *DeFi index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI.New Project Spotlight
As of 29 Nov 2022Sources: DeFi Llama, Crypto.com ResearchNote: TVL excludes governance token staking, staked LP tokens that one of the coins in the pair is governance token, double counting (TVL feeds into another protocol), borrowing, liquidity staking, and vestingAs of 29 Nov 2022Sources: CoinGecko, DeFi Llama, Crypto.com ResearchNews Highlight
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Market Pulse by the Crypto.com Research & Insights Team (Week 46, 22/11/2022 – 28/11/2022)
Monday, November 28, 2022
Bitcoin mining revenue is at a 2-year low. Aave proposes governance changes. Blockchain venture capital investments are down in October.
Market Pulse by the Crypto.com Research & Insights Team (Week 46, 22/11/2022 – 28/11/2022)
Monday, November 28, 2022
Bitcoin mining revenue is at a 2-year low. Aave proposes governance changes. Blockchain venture capital investments are down in October.
Weekly NFT & GameFi Update (Week 46, 18/11/2022 - 25/11/2022)
Friday, November 25, 2022
X2Y2 will enforce creator-set royalties for all NFTs. ApeCoin DAO has launched its own NFT marketplace. Magic Eden integrates with Polygon to develop blockchain games.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 46, 16/11/2022 - 22/11/2022)
Wednesday, November 23, 2022
Tether performed a $1B USDT chain swap from Solana to Ethereum. Curve Finance launches stablecoin crvUSD, releases code and whitepaper. Uniswap says it collects users' public on-chain data.
Market Pulse by the Crypto.com Research & Insights Team (Week 45, 15/11/2022 – 21/11/2022)
Monday, November 21, 2022
Macro event: Fed FOMC minutes coming up on Wednesday. Grayscale Bitcoin Trust trading at new record discount of nearly 50%.
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