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 Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
Crypto Market Pulse Weekly – 💸US Spot Bitcoin ETFs had the strongest week of net inflows in eight weeks
Monday, May 20, 2024
US Spot Bitcoin ETFs had the strongest week of net inflows. DTCC and Chainlink corporate to bring TradFi fund data onto blockchains. Vitalik proposed EIP-7706 to include gas for transaction calldata. ͏
NFT & Blockchain Gaming Weekly - 🚀Loaded Lions: Mane City Season 2 Live
Friday, May 17, 2024
Loaded Lions Mane City Season 2 launches with Factions & Abilities. CryptoPunks introduces the new 'Super Punk World' collection. Fantasy.top adds new heroes and tweaks the game mechanics.
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. ͏ ͏ ͏ ͏ ͏
Crypto Market Pulse Weekly – 📉 Crypto trading volumes dropped for the first time in seven months in April
Monday, May 13, 2024
Crypto trading volumes dropped for the first time in 7 months. EU contemplating integrating crypto into its mutual fund framework. Mastercard collaborates with US banks to trial tokenised settlements.
NFT & Blockchain Gaming Weekly - 📈Fantasy Top: NFT Trading Card Game Surges on Blast
Friday, May 10, 2024
NFT Lending Volume Exceeds $2.1B in Q1, Led by Blend. Moonbirds changes copyright policy under Yuga Labs. "Gacha Grab" catapults Azuki NFT sales to $1.1M in a day. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
You Might Also Like
OKX WEB3: Classic Theft Cases Faced by Airdrop Hunters and How to Prevent Them
Wednesday, June 26, 2024
Author: OKX WEB3, WTF Academy Translation: WuBlockchain Classic Theft Cases Faced by Airdrop Hunters and How to Prevent Them 1. Fake accounts posting false airdrops. User A was browsing a popular
🥛 This $100B+ man has Bitcoin fever 🔥
Tuesday, June 25, 2024
PLUS: When in doubt, zoom out (market volatility explained) 🖼️
Bitcoin pioneer Julian Assange free from prison – leaves UK after striking US deal
Tuesday, June 25, 2024
Expected to plead guilty to conspiring to disclose classified US documents, Assange's release marks a potential end to his prolonged legal battle. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Mastering Crypto Derivatives
Tuesday, June 25, 2024
Explore how derivatives can transform your crypto trading strategy with indirect exposure, risk hedging, and market efficiency capitalization. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
What was the most profitable cryptocurrency sector in the first half of 2024?
Tuesday, June 25, 2024
Author: Biteye Core Contributor Viee Editor: Biteye Core Contributor Crush Original link: https://mp.weixin.qq.com/s/uy6y45d9rinmxkoCj7d1EQ The first half of this year is almost over. Since BTC broke
WTF just happened to crypto prices? 😱
Monday, June 24, 2024
PLUS: 4 things to watch this week 👀
Mt. Gox to begin Bitcoin repayments to creditors in July 2024 spooking market
Monday, June 24, 2024
Mt. Gox creditors finally see light at the end of the tunnel after waiting for nearly a decade for their digital assets. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📉 Bitcoin miner reserves drop to three-year low; Standard Chartered is establishing a spot trading desk for BTC a…
Monday, June 24, 2024
Bitcoin miner reserves drop to three-year low; Standard Chartered is establishing a spot trading desk for BTC and ETH; Asset managers revised S-1 filings on US Spot Ether ETF applications. ͏ ͏ ͏ ͏ ͏ ͏
MicroStrategy Keeps Buying Bitcoin As Total Holdings Reach $15 Billion
Monday, June 24, 2024
We bring you the top stories in crypto every week! Stories like... Monday June 24, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR MicroStrategy Keeps Buying Bitcoin As Total Holdings Reach
Bullish sign for Ethereum as exchange balances drop
Sunday, June 23, 2024
Exchange wallets see largest ETH outflows in nearly a year, indicating at bullish sentiment. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏