DeFi Weekly | DeFi market value continues to rise to 94.3 billion US dollars

DeFi data this week

1. The total market value of DeFi reaches 94.3 billion U.S. dollars

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The price of the top ten currencies by market capitalization and the change this week, data source: CoinGecko

2. 24-hour trading volume on decentralized exchanges: US$ 3.17 billion

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Top 10 DEX by trading volume Source: Debank

3. Total borrowings of DeFi lending platform: US$ 25.64 billion

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The proportion of loans in each DeFi lending platform Data source: Debank

4. The  total value of locked assets in DeFi reaches US$ 71.5 billion

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DeFi ranked top ten lock-up volume data source: DeFi Pluse

Important DeFi developments:

The Russian Hermitage plans to auction works by artists such as Leonardo da Vinci as NFT

Golden Finance reports that the Russian Hermitage plans to auction five artworks as NFTs, including Leonardo’s “Madonna Rita”, Giorgione’s “Judith”, Van Gogh’s “Lilac Bush”, and Vasily · Digital copies of Kandinsky’s “Composition No. 6” and Monet’s “The Corner of Montgeron Garden”. The museum did not specify the exact date when these digital copies were sold.

Goldman Sachs applies to the U.S. SEC to launch DeFi and blockchain stock ETFs

Golden Finance reported that investment banking giant Goldman Sachs has submitted an application for an exchange-traded fund (ETF) to the US Securities and Exchange Commission, called “Goldman Sachs Innovative DeFi and Blockchain Stock ETF”, which will provide decentralized finance (DeFi) and the exposure of blockchain-listed companies. The document states that the fund will invest at least 80% of its assets in companies that promote blockchain technology and financial digitization.

NFT STARS will auction the legendary artwork “CryptoMother” with V God’s signature

On July 27, NFT STARS announced that it will auction the iconic “CryptoMother” original painting and its NFT version on July 30, with a starting price of 400 ETH. It is reported that “CryptoMother” is also known as “Crypto Mona Lisa”. This physical oil painting was first shown to the public at a blockchain conference in 2017. Since then, it has been exhibited in multiple cryptocurrency themed events. out. Vitalik Buterin signed the painting after seeing it at a blockchain conference in 2018 to show respect for its meaning.

Theta announced that it has obtained a patent “NFT-based digital rights management in a decentralized data transmission network”

According to official news, Theta announced that it has officially obtained the US patent 11075891 “NFT-based Digital Rights Management (DRM) in a Decentralized Data Transmission Network.” According to reports, one of the main friction points for content rights holders using decentralized video streams is their fear of infringement of their content rights, because they need strong guarantees that peer-to-peer networks will not be used to infringe them or their artists. Content rights. By using NFTs to achieve decentralized DRM, the Theta network solves this problem for content rights holders in a way that does not require a centralized party to authenticate users during each data stream transmission. This opens the door for global content brands to safely bring their videos, movies and games to Theta’s decentralized data and video delivery network.

Coca-Cola will collaborate with Tafi to launch NFT collectibles for the first time

Tafi, an avatar and digital wearable device design platform, announced a collaboration with Coca-Cola to design virtual wearable devices for Coca-Cola’s first NFT collection. To celebrate International Friendship Day (July 30), Coca-Cola will auction the NFT loot box at OpenSea, the NFT market, which contains digital clothing designed by Tafi that can be worn forever in a decentralized virtual world. The OpenSea auction will start at 00:01 UTC on July 30 (8:01 Beijing time) and end at 20:00 UTC on August 2 (4:00 Beijing time on August 3). All proceeds from the Coca-Cola auction will be donated to Special Olympics International.

PayPal CEO: PayPal is paying attention to DeFi and smart contracts

Golden Finance reported that PayPal CEO Dan Schulman’s comments on the second quarter earnings conference call indicated that the company is accelerating its focus on cryptocurrency technology. Schulman said: “We are still very satisfied with the momentum of cryptocurrency.” According to Schulman, PayPal’s encryption ambitions are not limited to the above-mentioned aspects. PayPal is clearly considering what the next generation of financial system will look like and how it can help shape it. After highlighting the company’s dialogue with regulators and the possible long-term goal of providing infrastructure for central bank digital currencies, Schulman pointed to potential technology applications, with particular emphasis on smart contracts and the decentralized finance (DeFi) ecosystem. Schulman said in the conference call: “Imagine not having to send stimulating checks, but sending them directly to a digital wallet. You can receive it immediately without having to go to the check cashing location to redeem and pay for the redemption. How do we use smart contracts more effectively? How do we digitize assets and open them to consumers who may not have access before? In addition, there are some interesting DeFi applications. Therefore, we are really working hard.”

 

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