DeFi Weekly | Securities Times: Blind hype has biased the true value of NFT

DeFi data

1. DeFi total market value: 111.21 billion US dollars


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

2. 24-hour trading volume of decentralized exchanges: 3.49 billion US dollars


Top 10 DEX by trading volume Source: Debank

3. Total borrowings of DeFi lending platform: 29.78 billion US dollars


Source of data on the proportion of loans in each DeFi lending platform: Debank

4. The  total value of locked assets in DeFi reaches US$ 83.05 billion


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

Important DeFi developments:

DeFi agreement Aave V2 total borrowing exceeds 9 billion U.S. dollars, a record high

Golden Finance reports that according to the latest data, the total borrowing volume of the DeFi lending agreement Aave V2 exceeded US$9 billion and hit a record high, which was US$9,008,853.439 at the time of writing. In addition, the current Aave V2 agreement lock-up volume has reached 13.5 billion U.S. dollars, the 24-hour liquidation volume has reached 33,318 U.S. dollars, and the total number of users is 58,462.


Gemini encryption Exchange announced Wrapped Filecoin (EFIL), to help users to participate in the Ethernet Square DeFi ecology

On September 3, the crypto exchange Gemini announced the launch of Wrapped Filecoin (EFIL). Gemini users can participate in the DeFi ecosystem and create value by converting FIL to EFIL and seamlessly transferring it to the Ethereum network.

DeFi platform Lydia Finance and Everest Labs reach cooperation

On September 5th, Avalanche-based AMM, income farm and pledge platform Lydia Finance announced that it is cooperating with Everest Labs and will establish a long-term cooperative relationship to support each other in marketing and development. It is reported that Everest Labs is the team behind the innovation-driven project Everest DAO, which aims to provide fast settlement and low fees for DApps through the Avalanche network.


Rubic, a multi-chain DeFi platform, will launch a pledged liquidity pool

Golden Finance reported that Rubic, a multi-chain DeFi platform, tweeted that it is now creating its own staking liquidity pool, which can be used with Rubic cross-chain at the beginning of the fourth quarter. This marks the second phase of the Rubic cross-chain release schedule, and will accept independent third-party audits to ensure the security of the Rubic ecosystem.

The decentralized ETH 2.0 pledge protocol Rocket Pool will be launched on the mainnet on October 6th

On September 9th, the decentralized ETH2.0 pledge protocol Rocket Pool will be launched on the mainnet at 00:00 UTC on October 6, 2021, and the mainnet pledge website will be open to the public.

The eFIL volume of Filecoin’s decentralized financial service platform DeFIL2.0 has reached 1.53 million

According to official sources, Filecoin financial services platform DeFIL2.0 data shows that the current platform eFIL volume has reached 1.53 million, with a total asset value of about 116 million US dollars. The eFIL of the DeFIL platform has been online since November last year, providing a convenient channel for users to transfer funds between Ethereum and Filecoin. Please carefully identify assets when transferring funds. DeFIL 2.0 is positioned as a decentralized Filecoin lending and financial service platform. At the same time, it has created an integrated computing power NFT, sustainable computing power token, DeFi lending, liquid mining, enhanced mining revenue mechanism, DAO governance, etc. Decentralized financial ecology.

Decentralized streaming media platform Audius adds support for displaying NFT on Solana

Golden Finance reported that Audius, a blockchain-based music streaming platform, announced on Thursday that it has integrated with Solana NFT, allowing its more than 6 million users to display digital collections from the Solana Library. The integration will be through Phantom, Solana’s multi-chain wallet and browser extensions. The new feature will be provided to the Silver profile of the Audius account holding native AUDIO tokens on more than 100 platforms. Audius co-founder and CEO Roneil Rumburg said that this cooperation provides Solana with the first “NFT discovery layer”, adding that the tools from Metaplex and the integration of Audius and Phantom make it possible to provide Solana support. Maintain Audius’ well-known usability standards.

1Sol aggregates BananaSwap, a decentralized trading platform, to prepare for testnet V1

On September 3, 1Sol tweeted that in preparation for launching the testnet V1, 1Sol is converging BananaSwap, a decentralized trading platform based on Solana, to provide a better trading experience. It is understood that BananaSwap is a decentralized trading platform that runs on solana and adopts the AMM mechanism. In addition to trading functions, it also supports Farms, Airdrop, Lottery, ID0, and NFT functions.


Securities Times: Blind speculation has biased the true value of NFT

On September 11, the Securities Times published an article yesterday stating that blind speculation has biased the true value of NFTs. The article stated that the digital asset confirmation, circulation, and transaction solutions provided by NFT naturally solve the digital copyright issues of art works such as paintings and music. Through NFT, artists can not only confirm the rights of works, but also obtain corresponding benefits from each circulation and transaction of works through smart contracts. This is completely different from the “one hammer” sale of traditional works of art, and it gives artists more protection for their rights and interests. However, “the current huge bubble in the trading of NFT works is actually a consensus. Many players focus on the form of NFT rather than the works or assets themselves.” Once the market’s popularity decreases, the phenomenon of hype will gradually cool down. , Then the asset value of many strange NFTs will also be greatly reduced.

Legendary Pictures will launch the film “Dune” series NFT collection “Dune: The Artifact of the Future” on September 22

On September 11, Legendary Pictures announced that it will launch its upcoming movie “Dune” theme series NFT collection “Dune: Future Artifacts” on September 22. It is reported that this series of NFTs will be sold on MakersPlace, the NFT platform of the Ethereum ecosystem. At the same time, Legendary Pictures stated that the carbon emissions generated by casting this series of NFTs will be offset by the Aerial platform to meet environmental protection requirements.

The first NFT movie will be released on September 24, starring Oscar actor Anthony Hopkins

On September 10, the movie “ZeroContact” announced its first promotional film and announced that it will premiere on the NFT platform VUELE on September 24. The film will be cast into NFT and will be auctioned on OpenSea on September 24. “ZeroContact” starring Anthony Hopkins, who just won the Oscar winner, tells the story of 5 characters trying to shut down the late technology giant Finley Hart (Anthony Hopkins) may lead to the doomsday invention story. VUELE is the world’s first platform jointly established by CurrencyWorks and Enderby Entertainment to provide full-length movies and digital collection entertainment content in the form of NFT directly to consumers.

Founder of NFT project Fidenza: NFT will play a huge role in the art world

On September 9th, generation artist Tyler Hobbs’ NFT project Fidenza made its debut on the NFT platform Art Blocks in June . Fidenza is randomly generated by an algorithm designed by Hobbs, and contains colorful curves and squares. 999 works were minted at a price of 0.17 ETH (about 400 US dollars at the time). They are now trading at a unit price of 1,000 ETH (about 3.5 million U.S. dollars) on the secondary market OpenSea. Hobbs believes that for creative artists who have worked hard on the fringe of the art world for decades, the current market conditions may be their first “mainstream breakthrough.”

Miami SCOPE Art Fair sells VIP tickets in the form of NFT

Golden Finance reported that the SCOPE Art Fair in Miami is cooperating with the blockchain-based live event ticketing platform YellowHeart to sell VIP tickets in the form of NFT. SCOPE founder Alexis Hubshman said that this unique set of tickets will showcase exclusive limited edition artworks by emerging and well-known artists. It is reported that YellowHeart is built on the Polygon blockchain and aims to change the way tickets are sold by creating a more transparent ticket sales experience for buyers and sellers.

Kobe Bryant KB24NFT Art Collection will donate all proceeds to the Mamba and Mambata Foundation

Golden Finance reported that on September 10th, the KB24NFT art collection has been open to the public for pre-sale reservations. The team behind the KB24NFT series is creating a new space for Kobe Bryant fans to commemorate the legend and also To commemorate the Mamba and Manbasita Sports Foundation who contributed to his career, the Kobe Bryant KB24NFT Art Collection donated all proceeds to the Mamba and Manbasita Foundation.

“Play while earning” NFT game Axie Infinity’s weekly transaction volume increased by over 8%  

Golden Finance reported that despite the heavy blow to the cryptocurrency market this week, the performance of NFT Axie Infinity is still surprising, as its transaction volume has increased by more than 8%, and the transaction volume has reached 157 million US dollars, second only to OpenSea, the market leader, ranks second. The Axie market, supported by the Ronin sidechain, does not require gas fees, which makes crypto price fluctuations have less impact on NFT transactions in the Axie ecosystem. There are currently more than 140,000 traders on the Axie Infinity market and nearly 450,000 NFTs have been sold. These NFTs include Axies as well as virtual land or land projects. The current average price of NFTs on the Axies market is US$355.

Disclaimer: Golden Finance is a blockchain information platform, and the content of articles published is for information reference only, not as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.


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.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-09-12 12:31
Next 2021-09-13 08:14

Related articles