Weekly DeFi Data Observation | Aave's total locked value hits a new high, TrueFi token price rises up to 9 times
This week, the DeFi market experienced a general rise, with the highest price increases being TRU (180%), BADGER (112%), and ALPHA (48%).Author: Gu Yu
This week, the DeFi market continued its upward trend, with the total TVL of major public chain DeFi projects reaching $125.1 billion. Among the leading DeFi protocols, the fastest-growing TVL this week includes Lido Finance (27.2%),
Liquity (19.8%), and Venus (15%), while the highest price increases were seen in TrueFi token TRU (180%), Badger DAO token BADGER (112%), and Alpha Finance token ALPHA (48%).
Below, Chain Catcher will summarize the DeFi market this week from four perspectives: TVL, price, number of interacting addresses, and important events, using data from DeFi Llama, Debank, Coingecko, and other websites.
1. TVL
According to DeFi Llama data, as of Sunday at 15:00, the total TVL of major public chain DeFi projects reached $125.1 billion, an increase of about 4% compared to last Sunday, with Ethereum's TVL at $94.4 billion, accounting for 75.4%. A total of 102 projects across public chains have a TVL exceeding $100 million, with 27 projects having a TVL exceeding $1 billion.
Among all DeFi projects, Aave, Curve, and Instadaap ranked in the top three for TVL this week, with all three reaching all-time highs, where Aave's TVL reached $13.29 billion.
Among the leading DeFi protocols, the fastest-growing TVL this week includes Lido Finance (27.2%),
Liquity (19.8%), and Venus (15%), with Lido Finance's TVL reaching $3.43 billion, surpassing Sushiswap for the first time to rank 11th.
Other DeFi protocols with high growth rates include TrueFi (265%), StakeDAO (258%), B.Protocol (84%), NAOS Finance (70%), ApeSwap (67%), Reflexer (50%), dYdX (43%), Saddle Finance (28%), DefiSaver (25%), and Tornado Cash (25%).
Protocols with slower growth or negative growth include Vesper (-55%), Perpetual Protocol (-30%), Injective Protocol (-28%), Frax (-22%), Ellipsis Finance (-18%), and Mirror (-0.07%).
Among them, Perpetual Protocol and Injective Protocol are both derivatives protocols, and their simultaneous decline may be related to dYdX's official token issuance and liquidity mining launch, leading to a significant transfer of funds.
2. Token Prices
According to Coingecko data, this week, with the surge of mainstream assets like BTC and ETH, the DeFi market experienced a broad rally. As of Sunday at 15:00, the tokens with the highest price increases include TrueFi token TRU (180%), Badger DAO token BADGER (112%), Alpha Finance token ALPHA (48%), Lido Finance token LDO (46%), and Saffron Finance token SFI (44%).
The main reason for TRU's surge may be attributed to receiving investment from a16z, while BADGER's increase may be due to the initiation of a new round of mining activities and the impact of BTC's rise. The main reason for ALPHA's increase may be the airdrop to token stakers.
3. Number of Interacting Addresses in DeFi Protocols
According to Debank data, as of Sunday at 16:00, within the last 24 hours, Uniswap, PancakeSwap, MDEX, MetaMask Swaps, and ShibaSwap were the top five DeFi projects by the number of interacting addresses across public chains, with a total of 18 projects having more than 1,000 interacting addresses.
The top five projects by interacting users on Ethereum are Uniswap, MetaMask Swaps, ShibaSwap, SushiSwap, and 1Inch, with a total of 11 projects having more than 1,000 interacting addresses.
Additionally, according to Dune Analytics data, this week, the total number of interacting addresses in DeFi increased by 28,879, bringing the historical total to 3,163,613.
4. Important DeFi News
On August 3, the DeFi derivatives protocol dYdX officially issued its governance token DYDX and airdropped it to over 60,000 historical trading users while launching liquidity mining activities.
On August 4, Gary Gensler, the chairman of the U.S. SEC, stated during a speech at the Aspen Security Forum that any stock token or crypto token providing exposure to underlying securities is subject to securities laws, and any DeFi project providing services related to securities tokens falls under SEC regulation.
On August 4, the cross-chain yield enhancement platform Popsicle Finance's Sorbetto Fragola product was attacked, resulting in approximately $20.7 million in losses, making it one of the largest single attacks in the DeFi space to date.
On August 5, the DeFi lending protocol TrustToken raised $12.5 million in a new round of financing, with investors including Blocktower Capital, a16z, and Alameda Research.
On August 6, Chainlink announced that its decentralized off-chain computation solution, Chainlink Keepers, has launched on the Ethereum mainnet, which can help various DApps automatically execute on-chain functions when predefined conditions occur. It has currently partnered with several DeFi projects, including Aave, PoolTogether, Synthetix, and BarnBridge.
On August 6, Yearn Finance founder Andre Cronje and others initiated a new proposal YIP-63 on the DeFi governance platform Snapshot, suggesting to contribute $1 million to the new DeFi legal advocacy organization LeXpunK_DAO, marking another fundraising effort for a legal advocacy organization in the DeFi space following Uniswap's $1 million funding to the DeFi education fund.
On August 6, Aave founder Stani Kulechov stated that the project is considering the possibility of deploying on public chains such as Solana and Avalanche, as well as Ethereum layer 2 networks like Optimism and Arbitrum, while working on building a cross-chain governance framework.
