Weekly DeFi Data Observation | The total TVL of various public chains reaches $148.9 billion, with tokens like DDX, QUICK, and FARM seeing the largest gains
Tokens such as OHM, AMPL, ALCX, INST, and PERP are at the top of the decline list.Author: Gu Yu
This week, the DeFi market continued its upward trend, with the total TVL of major public chain DeFi projects reaching $148.9 billion. Among the leading DeFi protocols, the fastest-growing TVL this week includes TrueFi (56.1%), Synthetix (16.5%), and Venus (16.5%), while the tokens with the highest price increases include DerivaDAO token DDX (86.5%), Quickswap token QUICK (77%), and Havest Finance token FARM (48%).
Below, Chain Catcher will summarize the DeFi market this week from three perspectives: TVL, price, and important events, using data from DeFi liama, Coingecko, and other websites.
1. TVL
Source: DeFi liama
As of Sunday at 15:30, the total TVL of major public chain DeFi projects reached $148.9 billion, an increase of about 19% compared to last Sunday, with Ethereum's TVL at $113.8 billion, accounting for 76.4%. A total of 107 projects across public chains have a TVL exceeding $100 million, with 28 projects having a TVL exceeding $1 billion.
Among all DeFi projects, Aave, Compound, and Curve ranked the top three in TVL this week, with Aave's TVL reaching $13.29 billion.
Among the leading DeFi protocols with a TVL exceeding $1 billion, the fastest-growing protocols this week include TrueFi (56.1%), Synthetix (16.5%), and Venus (16.5%), with TrueFi's TVL reaching $1.14 billion, breaking the $1 billion mark for the first time.
Other DeFi protocols with high growth rates include Charm Finance (103%), B.Protocol (74.5%), NAOS Finance (70%), ApeSwap (67.8%), xToken (56.7%), and DeversiFi (37.5%).
Protocols with slower growth or negative growth include BarnBridge (-40%), Serum (-33%), Ruler (-31%), Flamingo Finance (-24%), Olympus DAO (-9.5%), and Liquity (-6%).
2. Token Prices:
Source: Coingecko
This week, as the overall cryptocurrency market improved, the DeFi market experienced a broad rally. As of Sunday at 16:00, the tokens with the highest price increases include DerivaDAO token DDX (86.5%), Quickswap token QUICK (77%), Havest Finance token FARM (48%), and Hegic token HEGIC (64%).
Source: Coingecko
At the same time, some DeFi tokens showed significant declines, with the largest drops including Olympus token OHM (-40.4%), Ampleforth token AMPL (-22.7%), Alchemix token ALCX (-18.2%), Instadapp token INST (-13.6%), and Perpetual Protocol token PERP (-13.5%).
3. Important DeFi News:
On August 9, Sushiswap announced that due to the complexity of governance and regulatory issues, as well as the diversity of community opinions, it decided to suspend its previous financing proposal.
On August 10, cross-chain protocol Poly Network announced it was hacked, with stolen assets valued at over $600 million, becoming the most severe security incident in DeFi history.
On August 11, Uniswap became the first DeFi protocol in history to exceed $1 billion in total revenue, with this data representing the combined fee income from V2 and V3 on the Ethereum mainnet (excluding data from Optimism), approximately $750 million and $250 million, respectively.
On August 12, SushiSwap's CTO Joseph Delong tweeted that SushiSwap chose Arbitrum over Optimism as its Layer 2 scaling solution because Optimism, influenced by VCs, gave Uniswap preferential treatment, hindering SushiSwap while supporting Uniswap's early launch. Therefore, SushiSwap decided to launch on the more "trustworthy and neutral" Arbitrum.
On August 12, the decentralized cross-margin trading platform Mango Market in the Solana ecosystem raised over $70 million ($70,462,383) in the sale of MNGO tokens, with around $500 million in funds flowing in during the 24-hour sales process.
On August 14, 16 projects, including Mask Network, Polygon, PoolTogether, dHEDGE, and Augur, jointly launched the Social DeFi Alliance to promote decentralized social finance, helping users transition quickly and efficiently from Web 2.0 to Web 3.0, and exploring the possibilities of combining decentralized social with DeFi through a series of activities in the future.
On August 14, Ethereum scaling solution Polygon acquired Ethereum L2 scaling solution Hermez Network for $250 million, with the tokens MATIC and HEZ from the two projects merging, and Hermez's products also being integrated into Polygon, with Hermez's 26 employees joining Polygon's team of 80.
