Weekly DeFi Data Observation | TVL of Various Public Chains Reaches New Highs, 52 Projects Have TVL Exceeding 1 Billion USD
The DeFi tokens with the highest price increases include LRC, LDO, LQTY, FXS, UMA, etc.Organizer: Nianqing
This week, the DeFi market continued to rise, with the total TVL of major public chain DeFi projects reaching $269 billion, peaking at $275 billion on November 9.
Among the DeFi protocols with a TVL exceeding $1 billion, the fastest-growing protocols include DefiChain (21%), Rari Capital (15%), Liquity (11%), and Terraswap (10%).
The cryptocurrencies with the highest price increases include: Loopring protocol token LRC (173%), Lido DAO token LDO (61%), Liquity token LQTY (52%), Frax Share token FXS (49.7%), and UMA token (40%).
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
As of Friday at 17:00, the total TVL of major public chain DeFi projects reached $269 billion, an increase of about 4.2% from last Friday, with Ethereum's TVL at $180.8 billion, accounting for 67.2%. A total of 172 projects across public chains have a TVL exceeding $100 million, with 52 projects having a TVL exceeding $1 billion.
This week, multiple public chains saw rapid TVL growth, reaching new highs. Ethereum's TVL peaked at $182.2 billion, Solana reached a high of $15.25 billion, Celo peaked at $11.9 billion, Terra reached a high of $11.49 billion, Avalanche surpassed $10 billion, Fantom peaked at $6.15 billion, Arbitrum reached a high of $2.79 billion, and Harmony peaked at $376 million.
Among all DeFi projects, Curve, MakerDAO, and AAVE had the top three TVLs this week, with Curve's TVL continuing to grow, reaching a peak of $21 billion after breaking the $20 billion mark last Friday. MakerDAO's TVL also set a new high of $19.87 billion this week, just a step away from the $20 billion mark.
Among the DeFi protocols with a TVL exceeding $1 billion, the fastest-growing protocols this week include DefiChain (21%), Transchess (15%), Rari Capital (15%), Liquity (11%), and Terraswap (10%), with overall growth slightly slowing compared to the previous two weeks. CREAM Finance's TVL also broke the $2 billion mark for the first time this week, peaking at $2.14 billion.
Other DeFi protocols with high growth rates include Loopring (115%), Angel (50.9%), Frax (50%), Nexus Protocol (44.5%), Angel (50.9%), Apricot Finance (49%), Nexus Protocol (44.5%), GMX (24%), and StakeDAO (20.68%).
Notable protocols with significant declines include O3 Swap (-25.8%), Sunny (-20.7%), Sablier Finance (-18.8%), Saber (-18%), Alpaca Finance (-17.8%), Synapse (-17.5%), Geist Finance (-16.5%), and Belt Finance (-13.4%).
2. Token Prices
As of Friday at 17:00, the cryptocurrencies with the highest price increases include Loopring protocol token LRC (173%), Lido DAO token LDO (61%), Liquity token LQTY (52%), Frax Share token FXS (49.7%), and UMA token (40%).
At the same time, the DeFi tokens with the largest declines include Popsicle Finance token ICE (-37%), Ampleforth token AMPL (-28%), Spell Token token SPELL (-26.9%), JOE token (-25.7%), KeeperDAO token ROOK (-20.9%), Anyswap token ANY (-19.8%), and Sushi token SUSHI (-16.8%).
3. Important DeFi News
On November 12, the stablecoin USDM team launched a governance attack on Curve using Convex, with the USDM project team absconding with $35 million.
On November 12, Maker announced that it will launch a cross-chain bridge Maker Wormhole for the USD stablecoin DAI next year, connecting Ethereum and other layer two networks, starting with Arbitrum and Optimism, and also plans to deploy MCD (Multi-Collateral DAI) on layer two networks.
On November 11, Bancor's growth lead Nate Hindman stated on Twitter that after analyzing the net earnings of 24,000 wallets providing liquidity for Uniswap V3, it was found that the earnings of LPs using automated protocols in the Uniswap V3 ecosystem were not better than those of less frequently operating LPs (Lazy LP), with about 50% of wallets incurring losses after providing liquidity on Uniswap V3.
On November 10, decentralized aggregation trading platform 1inch Network launched Routing Version 4, adding separate routing for Uniswap V3, Clipper, and the 1inch limit order protocol RFQ feature.
On November 10, the proposal initiated by Terra co-founder Do Kwon to "burn 88.675 million LUNA to mint at least 3 billion UST" has now been approved.
On November 10, Aave CEO Stani Kulechov commented while retweeting about "Neon Labs completing $40 million in financing to build an EVM development environment on Solana" that Aave will soon be deployed on Solana.
On November 8, the Polkadot ecosystem DeFi project Parallel completed a strategic round of financing with a valuation of $250 million, led by Sequoia Capital and Founders Fund.
