π State of #DeFi: A weekly Update
Our "State of Defi" series will bring you the data and notable events in the Defi market from the past 7 days to keep you up to date.
A thread π§΅
Our "State of Defi" series will bring you the data and notable events in the Defi market from the past 7 days to keep you up to date.
A thread π§΅
1/ TVL in Ecosystems
Money is flowing into @terra_money and @avalancheavax even in a heavy correction of the entire market
$eth $luna $bnb $avax $ftm
Money is flowing into @terra_money and @avalancheavax even in a heavy correction of the entire market
$eth $luna $bnb $avax $ftm
2/ Stablecoin Update
Algorithmic stablecoins are slowly chipping away the market share of asset-backed ones.
$usdt $usdc $ust $mim $frax
Algorithmic stablecoins are slowly chipping away the market share of asset-backed ones.
$usdt $usdc $ust $mim $frax
3/ Value Locked in DEXs
@CurveFinance is taking the lead as in a heavy correction, people would want to switch to stablecoins while stable swap farming offers less impermanent loss.
$crv $cake $uni $sushi $bal
@CurveFinance is taking the lead as in a heavy correction, people would want to switch to stablecoins while stable swap farming offers less impermanent loss.
$crv $cake $uni $sushi $bal
4/ News update:
@BinanceChain merged with BSC
Itβs a new milestone for @binance as BinanceChain and BSC joined to become BNB Chain
@BinanceChain merged with BSC
Itβs a new milestone for @binance as BinanceChain and BSC joined to become BNB Chain
https://twitter.com/BinanceChain/status/1493576765817896962?s=20&t=_kw143ZjaO9MbshxnoAmsw
5/ 13 Defi Protocol teamed up in order to boost the community with innovation by establishing Defi League.
The founding are @PancakeSwap, @LayerZero_Labs, @Nodereal_io, @MonteCarloDEX, @BreederDodo, among others
The founding are @PancakeSwap, @LayerZero_Labs, @Nodereal_io, @MonteCarloDEX, @BreederDodo, among others
https://twitter.com/BinanceChain/status/1494042410023895051?s=20&t=_kw143ZjaO9MbshxnoAmsw
6/ After success in BNBChain, on 15/2, @AlpacaFinance launched on @FantomFDN and achieved 35M$ in TVL after just 24 hours of deploying
Congratulation!
Congratulation!
https://twitter.com/AlpacaFinance/status/1493957073746509827?s=20&t=_kw143ZjaO9MbshxnoAmsw
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