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.
- 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%.
- Euler proposes eIP6: Bringing Chainlink (LINK) at the ensure degree
- Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration
- DeFiance Capital rescues $13.3 million at risk of being stolen
- Solana (SOL) stablecoin project Cashio (CASH) plummets to zero after multi-million dollar hack
- MakerDAO (MKR) dev insists DeFi protocol should leverage real world assets to scale
- Litedex (LDX) protocol set to be listed on LBank exchange
- SushiSwap (SUSHI) community proposes Swiss legal structure to limit DAO liability
- FTMCRAZY: Introducing the new hybrid ROI DApp project in the crypto world
- dxFeed implements Airnode API3 to present pricing information for a broad array of Web3 applications
- Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund
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Top Token Metrics
|Metrics||Top 20 DeFi tokensmarket cap||Top 100 DeFi tokens market cap|
DeFi Index Tokens
|Top Gainers||LRC (+28.14%)
|Top Losers||SNX (-1.43%)||MKR (-22.63%)
|Benchmark||ETH (+11.08%)||ETH (+11.08%)||ETH (-55.21%)|
- Trader Joe (JOE) shows decline in TVL, possibly due to the cooling down of the native token AVAX after Avalanche launch on Anchor Protocol