DeFi Daily | Report: The value locked in DeFi increases by 936% in one year

DeFi data

DeFi total market value: 119.446 billion US dollars


DeFi total market value data source: Coingecko

Trading volume on decentralized exchanges in the past 24 hours: $2.87 billion


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

Total borrowing on DeFi lending platform: $25.59 billion


Data source of total borrowings on DeFi lending platform: Debank

Assets locked in DeFi: $80.93 billion



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

DeFi locked assets on the Ethereum chain: $5.99 billion


Data source: Debank

DeFi locked assets on the BSC chain: $12.77 billion


Data source: Debank

DeFi locked assets on the Polygon chain: $3.18 billion


Data source: Debank

DeFi locked assets on the Avalanche chain: $2.95 billion


Data source: Debank

DeFi hotspot

Report: The value locked in DeFi grows by 936% in one year

On October 1st, in the “Value Stream Report” on September 30, the encryption analysis platform DappRadar reported that the recent trend is that there has been considerable growth in NFT and blockchain games, but DeFi is still generating considerable value . Although value has flowed from DeFi to NFT to some extent, it seems that both categories are generating value independently. Despite the emergence of rival networks such as Binance SmartChain (BSC), Solana, and Avalanche, the research has delved into Ethereum-based DeFi, which is still the dominant force in this field. Value continues to flow in. Since July 2020, Ethereum has risen by 400%, while stablecoins Tether and Dai have risen by 1,300% and 500% respectively over the same period. DappRadar currently reports a total lock-in value of US$114.8 billion, an increase of 936% over the same period last year. The report added that TVL in the industry increased by 75% between July 23 and September 5, reaching a peak of US$195 billion in all chain stores.

The Avalanche Foundation and Trader Joe, an ecological DeFi agreement, will launch a $20 million liquidity mining incentive plan

On October 1st, Avalanche Eco-DeFi Protocol Trader Joe announced that it will cooperate with the Avalanche Foundation to launch a US$20 million liquidity mining incentive program in mid-October. The rewards will include US$10 million JOE tokens and US$10 million AVAX. The incentive plan is part of Avalanche Rush, a $180 million liquidity mining reward program launched by Avalanche in August.

Societe Generale used bond token collateral to apply for a $20 million Maker DAO loan

Golden Finance reported that in a proposal at the MakerDAO governance forum on Thursday, French multinational banking giant SocGen (SocGen) submitted an application for a decentralized finance (DeFi) lending platform to accept on-chain bonds issued by the bank Tokens are used as collateral for stablecoin DAI loans. This loan is mediated between some legal entities and third parties in a complex legal framework, up to a DAI of up to 20 million U.S. dollars-this may be the largest step toward the adoption of DeFi by institutions so far. The application was submitted by Société Générale – Forge, a “regulated subsidiary” that focuses on digital assets. For many years, SocGen has been a leader in blockchain asset trials. As early as 2019, it issued bond-backed tokens on the Ethereum blockchain.

The founder of Compound apologized for the vulnerability solution proposed this morning: I posted a stupid tweet

According to news on October 1, after the solution to the COMP error distribution vulnerability caused strong community resistance this morning, Compound founder Robert Leshner once again tweeted and apologized: “I’m doing my best to help the community get it back. Some COMP, but this is a stupid tweet/solution. The responsibility lies with me. Fortunately, the community is stronger and smarter than me. Thank you for your ridicule and support.” Previous news, Robert Leshner tweeted this morning Said that if users receive a large number of COMP tokens from the Compound protocol by mistake, they need to transfer these tokens back to Compound Timelock (0x6d903f6003cca6255D85CcA4D3B5E5146dC33925), and 10% can be reserved as a white hat reward. Otherwise, these COMPs will be reported to the IRS as income.

The total lock-up volume of the Ethereum L2 network reaches US$2.42 billion

Golden Financial reports, L2BEAT data shows that as of October 1, the total lock-up volume on Ethereum Layer 2 has reached 2.42 billion U.S. dollars. Among them, the largest amount of lock-up is the expansion plan Arbitrum, which is about 1.37 billion U.S. dollars, accounting for 56.77%. Followed by dYdX, with a lock-up volume of over US$551 million, accounting for 22.71%; Optimism ranked third with a lock-up volume of US$204 million, accounting for 8.43%.

NFT hotspot

TikTok will launch NFT series

For Golden Finance, TikTok is launching an NFT series that will see its top content creators cooperating with top NFT creators. The newly released TikTok best moments will include six “culturally significant TikTok videos”, creators including Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante and Gary Vaynerchuk. These creators will collaborate with COINARTIST, x0r, RTFKT, Grimes, etc. to create additional limited edition NFTs. According to TikTok, the proceeds from NFT sales will “mainly go directly to the creators and NFT artists involved.” However, the proceeds from the collaboration between Brittany Broski and Grimes will be used for charity. American rapper Lil Nas X will launch the first NFT of the series, which will be available on Ethereum and supported by Immutable X. The auction will begin on October 6, and these videos will also be exhibited at the Museum of Motion Pictures in Queens, New York, from October 1 to November 5.

Generated art NFT platform Art Blocks total transaction volume exceeded 300,000 ETH

According to the news on October 1, according to the latest data, the total amount of Art Blocks transactions on the generated art NFT platform exceeded 300,000 ETH. At the time of writing, it was 301,728.9492 ETH (approximately US$922,141716). In addition, the total amount of Art Blocks transactions exceeded 100,000. The current number is 104,803.

Endangered animal NFT series will release the first NFT

Endangered Animals NFT series (Endangered Animals NFT) is about to release the first NFT in the series. The series consists of 12 NFTs, including endangered animals from all over the world, and part of the proceeds will be donated to specific endangered animal charities. The first endangered animal NFT in the series is the flying frog, which is a collection of NFTs randomly generated programmatically on the Solana blockchain.

The average gain of the NFT concept sector today is 0.79%

The golden financial market shows that the average gain of the NFT concept sector today is 0.79%. Of the 26 currencies, 20 rose and 6 fell. The leading currencies were WAX ​​(+21.90%), DEP (+8.03%), and WHALE (+7.75%). Leading currencies are: BONDLY (-22.07%), MEME (-11.12%), LAR (-7.02%).

The total amount of OpenSea transactions in the NFT market exceeds US$7 billion, a record high

Golden Finance reports that according to the latest data from DappRader, the total amount of OpenSea transactions in the NFT market has exceeded 7 billion U.S. dollars (the number of traders is 484.164), setting a record high. At the time of writing, it was 7.47 billion U.S. dollars, ranking first in the NFT market by transaction volume. . Ranked in second place is Axie Infinity , with a current total of 2.27 billion U.S. dollars (the number of traders exceeds 680,000); third is Cryptopunks, with a total transaction of 1.39 billion U.S. dollars.

NFT game Axie Infinity’s September revenue plummeted by 40%

Golden Finance reported that the revenue of blockchain game Axie Infinity fell by 40% compared to August, which is the first month-on-month decline since January this year. According to the analysis of the data center AxieWorld, Axie Infinity had revenue of 64,933.71 ETH in September, valued at approximately US$2203.2 million, which was lower than the record of US$342 million in August. However, according to Token Terminal data, in blockchain-based applications, Axie’s monthly revenue is second only to Ethereum (approximately US$830 million), and is much higher than DeFi protocols such as SushiSwap, Aave, Compound, and Curve.

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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