DeFi & L1L2 Weekly – 🏇 The landscape of liquid staking on Solana has shifted; DTCC & Chainlink completed a pilot …
DeFi & L1L2 Weekly – 🏇 The landscape of liquid staking on Solana has shifted; DTCC & Chainlink completed a pilot programThe landscape of liquid staking on Solana has shifted. ZkSync announces the final upgrade before it hands over the governance to the community. LayerZero concluded the sybil self-reporting phase.
Weekly DeFi IndexThis week's market capitalisation, volume, and volatility indices were all positive at +24.25%, +69.40%, and +242.68% respectively. The surge of all indices was led by Lido (LDO) and Chainlink (LINK).
Chart of the WeekThe landscape of liquid staking on Solana has changed since 2023 and the competition among liquid staking tokens (LST) protocols is exhibiting a ‘winner-take-all’ pattern. Currently, Jito (jitoSOL) dominates the LST market with almost half (48%) of the share due to its strategic use of Maximal Extractable Value (MEV). New players like BlazeStake (bSOL) also showed significant growth, possessing 12% of the market share. Meanwhile, the traditional player Marinade (mSOL) has fallen consistently but still maintains a 28% share. However, liquid staking on Solana only accounts for 5.3% of the total staking supply, lagging behind Ethereum (32.7%), where liquid staking is more widely adopted. This is due to differences in the staking mechanisms and value propositions between the two blockchains. News Highlights
Recent Research Reports
Recent University Article
AuthorResearch and Insights Team DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto.com DeFi Research is free today. But if you enjoyed this post, you can tell Crypto.com DeFi Research that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
DeFi & L1L2 Weekly – 📈 Ethereum L2 Transactions Hit Record Highs, Resulting In Fees to Drop
Tuesday, May 14, 2024
Ethereum L2 transactions hit record highs, resulting in transaction fees to drop. Optimism to introduce Layer-3 applications to the Superchain. Cosmos-based Osmosis is launching a Bitcoin L2. ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 🎉 Crypto.com Reaches 100M Users, BlackRock’s BUIDL Becomes Largest Tokenised Treasury Fund
Wednesday, May 8, 2024
Crypto.com hits new milestone with 100 million global users. BlackRock's BUIDL is now the largest tokenised treasury fund. Ethereum devs propose EIP-7702 to enhance externally owned accounts. ͏ ͏ ͏
DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy
Thursday, May 2, 2024
EigenLayer withdrawal queue count rises amid EIGEN airdrop controversy. Runes make up over two-thirds of Bitcoin transactions since its launch. BlackRock's BUIDL leads the tokenised fund race. ͏ ͏
DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
Wednesday, April 24, 2024
Ethereum liquid restaking drives DeFi TVL to 2-year highs. Cronos unveils Spring Odyssey campaign powered by Galxe. Runes launch fueled Bitcoin miners' earnings to surge. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL
Wednesday, April 17, 2024
Ondo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum's Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs
You Might Also Like
Summary of Binance Co-founder HeYi's communication with the Chinese community: Talking about listing and delisting…
Monday, June 17, 2024
Recently, Binance's registered users surpassed 200 million, prompting an AMA where co-founder Yi He addressed some pressing concerns, including the recent incidents of wash trading and theft, the
🏛️BTC and ETH balances on centralised exchanges saw a 3-year low; SEC Chairman sees U.S. Spot Ether ETF S-1 appro…
Monday, June 17, 2024
BTC and ETH balances on centralised exchanges saw a three-year low; SEC Chairman sees US Spot Ether ETF S-1 approvals in summer 2024; Australian Securities Exchange approved first spot Bitcoin ETF ͏ ͏
Ethereum ETF S1 Could Be Approved This Summer According To Gensler
Monday, June 17, 2024
We bring you the top stories in crypto every week! Stories like... Monday June 17, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Ethereum ETF S1 Could Be Approved This Summer According To
Calls dominate Bitcoin options despite price drop and ETF outflows
Sunday, June 16, 2024
Market sentiment remains complex as ETF inflows and outflows drive subtle shifts in Bitcoin derivatives. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Jun 10 to Jun 16)
Sunday, June 16, 2024
1. Hong Kong Regulatory News This Week 1.1 Several Hong Kong Brokerage Apps Begin Offering Bitcoin Trading Services link Hong Kong brokerages are currently expanding their offerings to include trading
Possible LP Reduction | BanklessDAO Weekly Rollup
Saturday, June 15, 2024
Catch Up With What Happened This Week in BanklessDAO ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bernstein raises long-term Bitcoin price projection to $1 million by 2033, initiates MicroStrategy coverage
Saturday, June 15, 2024
Bernstein analysts also revised their predictions for the current cycle and now project the flagship crypto to hit $200000 by the end of 2025, up from its earlier estimate of $150000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
3 reasons why Stablecoins are going to explode!
Saturday, June 15, 2024
PLUS: 4 ways to capitalize on this boom
Weekly Project Updates: The zkSync airdrop allocation has sparked controversy, LayerZero Airdrop Imminent, Curve F…
Saturday, June 15, 2024
1. The zkSync airdrop allocation has sparked controversy link ZKsync will conduct a one-time airdrop next Monday to 695232 eligible wallets, distributing a total of 3.675 billion ZK tokens, which
🥛 Whales gobble up Bitcoin like krill. Who are they? 🐳
Friday, June 14, 2024
PLUS: Huge liquidation causes 25% drop in $CRV 🩸