Weekly DeFi Data Observation | Multiple public chains' TVL reaches new highs, totaling $246.1 billion
The DeFi tokens with the highest price increases include FXS, CRV, GMX, and ANY.Organizer: Nianqing
This week, the DeFi market continued to rise, with the total TVL of major public chain DeFi projects reaching $245.49 billion. Among the leading DeFi protocols, the fastest-growing TVL this week includes Convex Finance (16.66%), AnySwap (16.99%), Abracadabra (20%), and Serum (17.84%).
The cryptocurrencies with the highest price increases include Frax Share token FXS (116.4%), Curve DAO Token token CRV (66%), GMX (57.5%), and AnySwap token ANY (52.7%).
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 Friday at 16:30, the total TVL of major public chain DeFi projects reached $246.1 billion, an increase of about 3.7% compared to last Friday, with Ethereum's TVL at $167.2 billion, accounting for 67.9%. A total of 160 projects across public chains have a TVL exceeding $100 million, with 50 projects having a TVL exceeding $1 billion.
This week, multiple public chains' TVL reached new highs, with Ethereum's TVL peaking at $167.2 billion, Solana reaching a peak of $13.7 billion, Avalanche peaking at $8.62 billion, Celo peaking at $1.16 billion, and Harmony peaking at $360 million, although there was a slight decline afterward.
Among all DeFi projects, Aave, Curve, and MakerDAO had the top three TVLs this week, with Aave's TVL reaching $19.35 billion.
Among the leading DeFi protocols with a TVL exceeding $1 billion, the fastest-growing protocols this week include Geist Finance (27.9%), Rari Capital (21.7%), Convex Finance (16.7%), Abracadabra (20%), AnySwap (17%), and Serum (17.8%), with Convex Finance and Abracadabra's TVLs reaching historical highs of $13.66 billion and $3.95 billion, respectively, on Friday.
Other DeFi protocols with relatively high TVL growth include mStable (88%), Frax (86.12%), Ref Finance (53.14%), Tokemak (37.69%), SecretSwap (31.85%), Olympus DAO (29.98%), and Thorchain (27.38%), among which Ref Finance and SecretSwap are the main DEX projects in the NEAR and Secret Network ecosystems, respectively.
Notable DeFi protocols with significant declines include CREAM Finance (-20.38%), Alpaca Finance (-18.94%), Marinade Finance (-8.72%), and Sunny (-8.85%). CREAM Finance experienced a significant drop due to a flash loan attack on October 28, resulting in the theft of $117 million, marking the fifth hacker attack on the project this year.
2. Token Prices
Source: Coingecko
This week, as the overall cryptocurrency market improved, some DeFi tokens also saw significant increases. As of Friday at 17:00, the cryptocurrencies with the highest price increases include Frax Share token FXS (116.4%), Curve DAO Token token CRV (66%), GMX (57.5%), and AnySwap token ANY (52.7%).
Source: Coingecko
At the same time, some DeFi tokens showed a clear downward trend, with the largest declines among DeFi tokens including dYdX token DYDX (-17.8%), Venus token XVS (-16.1%), Injective Protocol token INJ (-13.8%), STP Network token STPT (-13.4%), and Linear token LINA (-13%).
3. Important DeFi News
On October 25, NEAR announced an $800 million ecosystem development grant program, focusing on the DeFi sector.
On October 26, Uniswap announced that since its launch in November 2018, the total trading volume had exceeded $500 billion by last weekend, with $2 billion in trading volume generated on Ethereum Layer 2 (Arbitrum, Optimism).
On October 26, Terra co-founder initiated a proposal to burn 88.675 million LUNA to mint at least $3 billion UST, with the burned UST entering the community pool.
On October 27, TrueUSD launched a $1 billion incentive program to support the development of the DeFi ecosystem.
On October 28, the DeFi lending protocol Cream Finance suffered a flash loan attack, resulting in nearly $120 million in assets being stolen.
