UST Can Be Exchanged For BTC. DeFi Update - Week 21/03-28/03

US Inflation Report And Its Impact On The Cryptocurrency Market

Terra’s UST is now exchangeable for BTC thanks to the integration by Thorchain. Minswap becomes top DeFi protocol on Cardano. Cronos Ecosystem Grant Program revealed batch 2 of grantees.

 
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Key Takeaways 

  • Terra (LUNA) stablecoin UST has been integrated by the Thorchain (RUNE) protocol and can now be exchanged for Bitcoin (BTC) natively.
  • Minswap (MIN), a recently-launched DeFi protocol on Cardano (ADA), has surpassed SundaeSwap (SUNDAE) in terms of TVL, making it the top DeFi protocol on Cardano with a TVL dominance of 65.85% at the time of writing.
  • Former Polychain Capital partner Tekin Salimi launched $125 million crypto fund, dao5, to focus on investing in early-stage protocols and blockchain companies. Dao5 is on track to become a fully founder-owned DAO by 2025.
  • The Cronos Ecosystem Grant Program, which focuses on supporting early-stage projects on Cronos, announced its second batch of beneficiaries.
  • This week’s price and volume indices were positive at +11.29% and +20.91%, respectively, while the volatility index was negative at -47.26%.

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

 
Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap
Current $99.14B $126.25B
7-Day Change +6.82% +8.86%
14-Day Change +15.39% +18.46%
 
 
 
*Top DeFi tokens based on CoinGecko
Source: CoinGecko

DeFi Index Tokens

 
Metrics Price Volume Volatility
Top Gainers LRC (+28.14%)
REN (+21.41%)
UNI (+16.21%)
LRC (+210.80%)
NXM (+57.50%)
COMP (+36.45%)
LRC (+159.95%)
UMA (+4.55%)
Top Losers SNX (-1.43%) MKR (-22.63%)
CRV (-18.28%)
SNX (-16.35%)
COMP (-69.18%)
YFI (-63.79%)
NXM (-54.44%)
Benchmark ETH (+11.08%) ETH (+11.08%) ETH (-55.21%)
 
 
 
*DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV

Notable Events

 
 
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Notable Events

Souce: Crypto.com

US Inflation Report And Its Impact On The Cryptocurrency Market

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