Crypto.com DeFi Research

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8/28/2024
13 : 54

DeFi & L1L2 Weekly - 💰 PYUSD hits US$1 billion market cap; MakerDAO rebrands as Sky and introduces 2 new tokens

PayPal's PYUSD hits $1 billion market cap. MakerDAO rebrands as Sky and introduced 2 new tokens. Tether plans to develop a stablecoin pegged to the UAE dirham. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
8/21/2024
12 : 14

DeFi & L1L2 Weekly - 🚀 Cronos zkEVM Alpha Mainnet Launches; Solana DEXes Volume Plummets for the Third Consecutiv…

Cronos zkEVM Alpha mainnet launches with gasless transactions, easy onboarding. Solana DEXes' volume drops for third week. EigenLayer lets ERC-20 tokens become restakable assets. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
8/20/2024
3 : 14

DeFi & L1L2 Weekly - 💸 Hyperliquid leads perpetuals trading; PYUSD's supply on Solana has surpassed that on Ether…

Hyperliquid leads perpetuals trading. PYUSD's supply on Solana has surpassed that on Ethereum. Ethena's USDe integrates with Solana and adds SOL as collateral. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
8/7/2024
14 : 14

DeFi & L1L2 Weekly - 💸 Ethena’s USDe faces $120 million in redemptions; Crypto.com DeFi Wallet integrates with Ki…

Ethena's USDe stablecoin faces $120 million in redemptions. Crypto.com DeFi Wallet integrates with Kiln DeFi. Ripple partners with OpenEden to enter the tokenised US Treasury market. ͏ ͏ ͏ ͏ ͏ ͏ ͏
7/31/2024
12 : 14

DeFi & L1L2 Weekly - 📈 Solana’s TVL and DEX volume hit milestones; StarkWare is planning to integrate Cosmos’s IBC

Solana's TVL and DEX volume hit milestones. StarkWare is planning to integrate Cosmos's IBC. Ethena plans to allocate funds to RWA for yield and BlackRock's BUIDL applied. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
7/24/2024
12 : 4

DeFi & L1L2 Weekly - 📈 US spot ETH ETFs began trading; Polymarket saw a record US$28 million in daily trading vol…

US spot ETH ETFs begin trading with $107 million inflows. Polymarket sees a record $28 million in daily trading volume. State Street is exploring the creation of its own stablecoin. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
7/16/2024
12 : 34

DeFi & L1L2 Weekly - 📉 Ethereum rollups saw a significant drop in unique depositors; BlackRock’s BUIDL will join …

Ethereum rollups saw a significant drop in unique depositors. BlackRock's BUIDL will join MakerDAO's US$1 billion tokenised treasury investment plan. Starknet will introduce staking to its
7/11/2024
6 : 24

DeFi & L1L2 Weekly - 🚀 Cronos zkEVM Passage campaign was launched; PYUSD surpassed US$500 millon market cap

Cronos launches Cronos zkEVM Passage to reward users for bridging assets to Cronos zkEVM. PayPal's PYUSD surpasses US$500 million market cap. ZKsync unveils Elastic Chain, which Cronos zkEVM joins.
7/3/2024
12 : 34

🚀 Cronos launched the Cronos zkEVM Pioneer Program; Solana's liquid staking ecosystem saw notable growth

Cronos launches the Cronos zkEVM Pioneer Program. Solana's liquid staking ecosystem sees notable growth. Circle becomes the first stablecoin issuer to comply with EU's MiCA rules. ͏ ͏ ͏ ͏ ͏ ͏ ͏
6/26/2024
12 : 14

💲 Stablecoin issuers are the 18th largest holders of US debt; AAVE is considering to join Lido Alliance

Stablecoin issuers are the 18th largest holders of US debt. AAVE is considering to join Lido Alliance. Blast will launch an airdrop on 26 June. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
6/19/2024
12 : 44

📉 CRV dipped to all-time low; Tether announced new stablecoin aUSDT

$CRV dips to all-time low due to its founder's massive liquidations. Tether releases new stablecoin aUSDT backed by its XAUT. Ronin announces its zkEVM chain built on top of Polygon CDK. ͏ ͏ ͏ ͏ ͏
6/13/2024
8 : 0

DeFi & L1L2 Weekly – 📦 Ethereum blob usage shifted; Paxos launched a new stablecoin USDL

Ethereum blob usage shifts with Taiko becoming one of the biggest consumers. Paxos launches a yield-bearing stablecoin USDL. ZKsync announces its airdrop plan. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
6/5/2024
12 : 34

DeFi & L1L2 Weekly – 💪 The stablecoin market showed robust activity with $846 billion on-chain trading volume in …

The stablecoin market showed robust activity in May. Ethena Labs integrated its USDe and sUSDe into the Blast L2. Linea L2 halted block production due to a security incident from the Velocore. ͏ ͏ ͏ ͏
6/3/2024
9 : 14

DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance …

Solana passes a proposal to allocate all priority fees to validators. Nomura explores stablecoin issuance in Japan. Maple Finance launches Syrup providing institutional yield. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
5/22/2024
12 : 34

DeFi & L1L2 Weekly – 🏇 The landscape of liquid staking on Solana has shifted; DTCC & Chainlink completed a pilot …

The 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. ͏ ͏ ͏
5/14/2024
12 : 14

DeFi & L1L2 Weekly – 📈 Ethereum L2 Transactions Hit Record Highs, Resulting In Fees to Drop

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. ͏ ͏ ͏ ͏ ͏
5/8/2024
12 : 14

DeFi & L1L2 Weekly - 🎉 Crypto.com Reaches 100M Users, BlackRock’s BUIDL Becomes Largest Tokenised Treasury Fund

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. ͏ ͏ ͏
5/2/2024
12 : 14

DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy

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. ͏ ͏
4/24/2024
12 : 4

DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs

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. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
4/17/2024
12 : 4

DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL

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