DeFi & L1L2 Weekly — 📈 DEX vs CEX spot trading volume ratio reaches its second highest level; Bittensor upgrade e…
DeFi & L1L2 Weekly — 📈 DEX vs CEX spot trading volume ratio reaches its second highest level; Bittensor upgrade enables Ethereum compatibilityDEX vs CEX volume ratio reaches its second-highest level. Bittensor upgrade enables Ethereum compatibility. World Network launches Layer-2 blockchain, World Chain.Weekly DeFi IndexThe market capitalisation was positive at +2.75%, while the volume and volatility indices were negative at -18.07% and -33.33%, respectively.
Chart of the WeekThe spot trading volume ratio between DEXes and centralised exchanges (CEXes) rose to 14.11% in October, its highest since May 2023, when it reached 14.18%. The DEX landscape is experiencing a shift in market share too. Uniswap continues to take the lead amongst DEXes, but its market share has seen a downtrend from 51% in January 2024 to 22% in October 2024. Conversely, Solana-based Raydium has seen its market share double to 18% in the same period, which is attributed to the surge in meme coin creation and trading on Pump.fun. News Highlights
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Sunday, October 20, 2024
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DeFi & L1L2 Weekly — 💸 14.6% of Polymarket wallets have profited; Uniswap Labs unveils its own Layer-2 network
Sunday, October 20, 2024
14.6% of Polymarket wallets have made profits. Uniswap Labs unveils its own Layer-2 network. Avalanche negotiates to repurchase 1.97 million AVAX from Terra's LFG. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Saturday, October 5, 2024
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DeFi & L1L2 Weekly - 📉 Pump.fun’s revenue plummets; Societe Generale’s subsidiary is launching Euro stablecoin on…
Wednesday, September 25, 2024
Pump.fun's revenue plummets. Societe Generale's subsidiary is launching a Euro stablecoin on Solana. Solana Labs and Google Cloud collaborate on a web3 gaming API. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 🚀 Ethereum on-chain stablecoin volume reaches all-time high; Sky launches SKY and USDS
Thursday, September 19, 2024
Ethereum on-chain stablecoin volume reaches all-time high. USDC launches on Sui blockchain and is available in Brazil and Mexico. Sky launches new tokens SKY and USDS. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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