Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 4, 18/01/2024 - 24/01/2024)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 4, 18/01/2024 - 24/01/2024)BIS to focus on tokenisation & CBDC in 2024; tokenised treasuries market cap up 657% YoY. NEAR Data Availability integrates with Polygon CDK. Frax Finance completes V3 rollout, launches Frax Bonds.Weekly DeFi IndexThis week's market cap, volume, and volatility indices were negative at -12.58%, -17.13%, and -24.84%, respectively. Chart of the WeekThe Bank for International Settlements (BIS) unveiled its strategic priorities for 2024, with a particular emphasis on central bank digital currencies (CBDCs) and tokenisation. The 2024 roadmap points to a continuation of its engagement with digital financial technologies, including the development of Project Promissa, an initiative that aims to revolutionise financial instruments by digitising promissory notes using blockchain technology. This signals a continued growing interest in RWA and tokenisation, which is further bolstered by a sizeable increase in tokenised treasuries in the past year. Data suggested that tokenised US Treasuries experienced a 657% yearly growth rate in terms of market cap, rising from US$113 million to US$866 million as of 20 January. The expansion is likely to be attributed to existing platform growth as well as an increase in the number of companies entering the tokenised treasury space. News Highlights
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Market Pulse by the Crypto.com Research & Insights Team (Week 4, 16/01/2024 - 22/01/2024)
Tuesday, January 23, 2024
Global crypto owners rose 34% to reach 580M in 2023. Nasdaq and Cboe file to list options on Bitcoin ETFs. Fund managers preparing to launch crypto Spot ETFs in Hong Kong.
Weekly NFT & GameFi Update (Week 3, 13/01/2024 - 19/01/2024)
Friday, January 19, 2024
NFT market sales volume dropped by 64% YoY. Sotheby's is hosting a Bitcoin Ordinals auction. Taproot Wizards to release a new 'Quantum Cats' collection.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)
Wednesday, January 17, 2024
USDC issuer Circle confidentially files for IPO in US. Polygon launches Amoy testnet, zkEVM enters its next stage of development. Cosmos Hub voting on a proposal to set ATOM's inflation rate to 0%.
Market Pulse by the Crypto.com Research & Insights Team (Week 3, 09/01/2024 - 15/01/2024)
Monday, January 15, 2024
US Spot Bitcoin ETFs begin trading; $7.69B volume in first two days. US inflation at 3.4% YoY in Dec 2023, above estimates. Circle, issuer of USDC, files for IPO.
Weekly NFT & GameFi Update (Week 2, 06/01/2024 - 12/01/2024)
Friday, January 12, 2024
Azuki will produce an anime anthology series. Opensea launches an email-based wallet setup. Visa launches a Web3 Loyalty Engagement Solution.
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