DeFi Daily | People’s Daily Online: Some behaviors such as rubbing NFT and meta-universe speculation are causing the regulators to be vigilant

DeFi data

1. The total market value of DeFi: $155.153 billion


DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: US$3.71 billion


Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank

3. Total borrowings of DeFi lending platform: 28.61 billion US dollars


Data source of total borrowings on DeFi lending platform: Debank

4.1 Assets locked in DeFi: US$80.64 billion



The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data source: Debank

4.2 DeFi locked assets on the Ethereum chain: $59.94 billion



The top ten rankings of DeFi locked assets on the Ethereum chain and the amount of locked positions, data source: Debank

4.3 DeFi locked assets on the BSC chain: $12.8 billion



The top ten rankings of DeFi locked assets on the BSC chain and the amount of locked positions, data source: Debank

4.4 DeFi locked assets on the Polygon chain: US$3.11 billion



The top ten rankings of DeFi locked assets on the Polygon chain and the amount of locked positions, data source: Debank

4.5 DeFi locked assets on the Avalanche chain: $2.29 billion



The top ten ranking of DeFi locked assets on the Avalanche chain and the amount of locked positions, data source: Debank

DeFi hotspot

1. SushiSwap responds to negative remarks: AG has indeed resigned, and any remarks do not represent Sushi official

On November 25th, SushiSwap officially responded to the negative remarks made about Sushi by its head of the Asia-Pacific region, AG, on social media. The official stated that the AG has indeed resigned from the Sushi team, and the thoughts of the resigned team members are only his own, and do not represent Sushi’s official status. According to previous news, the head of SushiSwap’s Asia-Pacific region, AG, expressed regret on social media. Sushi failed and accused SushiSwap management of doing nothing. Its CTO Joseph and core developer Keno have not updated the code for more than three months. It was Sushi PM Rachel’s idea for community leader 0xMaki to crowd out the team, and Nori, the head of protocol security, began to intervene in HR work. AG believes that such SushiSwap is no longer a project led by the community, but a company controlled by a few leaders.

2. The amount of DeFi locked on the Avalanche chain reaches 13 billion US dollars, a record high

On November 25th, according to DeFi LIama data, the Avalanche (Avalanche Protocol) DeFi lock-up amount on the chain reached US$12.016 billion, a record high. At present, the agreement with the highest proportion of Avalanche’s locked positions is Aave, with a share of 27.45%.

3. Decentralized lending agreement Scream opens TUSD lending

According to the latest news, the decentralized lending protocol Scream has opened TUSD lending, and users can obtain TUSD and Scream platform token SCREAM rewards by depositing or lending TUSD. Scream is a decentralized lending application on Fantom, which provides users with a decentralized peer-to-peer lending solution. TrueUSD, as a digital asset that has been verified by an independent institution, accepted real-time independent verification on the chain, and anchored in U.S. dollars, it has now launched more than 100 trading platforms such as Binance, Huobi, and Poloniex, and performed on public chains such as TRON, Avalanche, BSC, HECO, etc. Multi-chain deployment, participating in the DeFi ecological construction of each chain. TrueUSD has been audited in real time by the nation’s largest accounting company, Armanino, to ensure that the dollar reserve and its circulation ratio reach 1:1, achieving 100% reserve.

4. Other Internet, an applied research institution, received a $1 million grant from the Uniswap grant program

On November 25th, the applied research organization Other Internet received a US$1 million grant from the Uniswap Grants Program (UGP), which will be used to expand its research program next year and conduct new governance experiments in the Uniswap ecosystem . Note that Other Internet completed its analysis of Uniswap off-chain governance and Discord community this summer.

5. SubQuery, a decentralized data indexing tool, will be launched soon in Acala

On November 25, according to official news, the decentralized data indexing tool SubQuery announced that SubQueryNetwork will be launched on the Acala parachain. SubQuery and SQTToken are committed to becoming the first external application and token launched on Acala. Officials said that a key factor in making this decision is Acala’s upcoming EVM+. By publishing on the EVM compatible chain, SubQuery will seamlessly allow investors from the Ethereum ecosystem to participate in TGE through the use of Metamask. With Acala’s EVM+, users can even link their Ethereum address with their Polkadot address, thus overcoming the need to manage multiple accounts.

6. Celsius Network, a crypto lending platform, has raised its B round of financing to US$750 million and has been oversubscribed

On November 25, it was reported that Celsius Network, a crypto lending platform, raised its B round of financing to US$750 million. It has been oversubscribed. The new funds will be used to expand product supply, expand the market, and further connect centralized finance and finance through the new project CelsiusX. At the same time, Celsius will use the funds to further improve the usefulness of its platform for supporting community users, and is committed to sustainable Bitcoin mining. As previously reported, Celsius completed a US$400 million financing in October, led by WestCap and CDPQ, with a valuation of more than US$3 billion.

7. Ethereum technology service provider OpenZeppelin releases Optimism smart contract audit report

On November 25th, the Ethereum technology service provider OpenZeppelin released the Optimism smart contract audit report. Starting from March 15, 2021, OpenZeppelin and 3 auditors have audited Optimism’s code base in 7 weeks, and found 4 serious and 4 highly serious problems, and proposed changes to reduce the code. Attack surface and improve its overall quality.

NFT hotspot

1. People’s Daily Online: Some behaviors such as rubbing NFTs, meta-universe hotspots, and speculating concepts are arousing the vigilance of the regulatory authorities

On November 25 news, People’s Daily Online published a commentary saying that since this year, celebrities, big Vs, and companies have created and launched their own NFT products, and digital art has become one of the fastest application scenarios for NFT. The concept of meta universe continues to be hyped, and the market sees the business opportunities of NFT. In the opinion of some people in the industry, Metaverse provides more diversified application scenarios for NFT, and NFT will become an important tool for realizing digital assets and circulation transactions of virtual items. It is worth noting that the current hype about the concept of NFT and meta universe has spread to listed companies and the secondary market. Some behaviors such as rubbing hot spots and speculating concepts are also arousing the vigilance of the regulatory authorities. Industry insiders believe that the domestic legal nature, transaction methods, supervision subjects, and supervision methods of NFTs are not yet clear. NFTs have risks such as speculation, money laundering, and financial productization. They should be cautious about NFT investments and be wary of “drumming and spreading”. Financial scam.

2. NFT was named the 2021 Word of the Year by the Collins Dictionary

Golden Finance reported that Collins Dictionary announced that “NFT” was selected as its 2021 vocabulary of the year, beating a series of candidate words including mixed office and meta-universe. The Collins Dictionary defines NFT as “a unique digital certificate registered in the blockchain, used to record the ownership of assets such as artworks or collectibles.”

3. The cryptocurrency payment company MoonPay launches NFT purchasing service for high-net-worth customers outside the circle

On November 25th, the cryptocurrency payment company MoonPay recently launched an NFT purchase to help high-net-worth customers outside the circle such as celebrities and super-rich purchase NFT and cryptocurrency. The company has previously worked with TV presenter Jimmy Fallon and rapper Post Malone as customers of the service’s beta version. A spokesperson for the company described the plan as providing services to high-net-worth individuals who want to purchase NFTs in the easiest way, and they can keep them without setting up a wallet.

4. New Origin’s first NFT game will be released soon

According to official sources, New Origin will release the first batch of game NFTs from December to January. New Origin coordinates the two major sections of NFT and Metaverse, aiming to create a decentralized online virtual reality game platform. All the revenue of New Origin will be presented in the form of the native token NOC in the game and has been logged into PancakeSwap. Recently, New Origin has been included in platforms such as Coinmarketcap and Coingecke.

Posted by:CoinYuppie,Reprinted with attribution to:
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