Mainstream DeFi projects see a decline in TVL, Curve continues to hold the top position | Weekly DeFi Data Observation
The tokens DDX, SFUND, SWAP, AMP, APMPL, etc. have the highest price increases.Organizer: Nianqing
In the past two weeks, the DeFi market has seen a decline after reaching a peak of $276.5 billion on November 9, with the TVL reaching $256.6 billion this Sunday. Among the leading DeFi protocols, the fastest-growing TVL this week includes Almond (112%), Tomb Finance (98%), Maiar Exchange (81%), Channel Finance (47%), BLizz Finance (46%), Planet Finance (45%), Flexa (31%), and O3 Swap (31%).
Protocols with significant declines include Apricot Finance (-28.6%), Geist Finance (-22.9%), Belt Finance (-21.6%), Orca (-21%), Mento (-19.6%), Bunny (-19.5%), Pangolin (-19%), Terraswap (-18.99%), Synthetix (-14.5%), and JustStables (-14%).
The cryptocurrencies with the highest price increases include: DerivaDAO's token DDX (65%), Seedify.fund's token SFUND (62%), Trustswap's token SWAP (50%), Amp's token AMP (36%), Ampleforth's token APMPL (35.7%), STP Network's token STPT (18.5%), Anyswap's token ANY (16.8%), and Curve DAO Token's token CRV (15%).
Next, Chain Catcher will summarize the DeFi market this week from three perspectives: TVL, price, and important events, using data from DeFi Liama, Coingecko, and other websites.
1. TVL
As of Sunday at 5:00 PM, the total TVL of major public chain DeFi projects reached $256.6 billion, a decrease of about 4% from last Sunday, with Ethereum's TVL at $168.9 billion, accounting for 65.8%. A total of 171 projects across public chains have a TVL exceeding $100 million, with 50 projects having a TVL exceeding $1 billion.
This week, the TVL of various public chains has shown a slight downward trend compared to the previous two weeks, but Avalanche performed the best among major public chains, reaching a new high of $13.18 billion on November 26.
Among all DeFi projects, Curve, MakerDAO, and Convex Finance ranked in the top three for TVL this week, with Convex Finance's TVL reaching a new high of $16.08 billion on Friday.
Among the leading DeFi protocols with a TVL exceeding $1 billion, the fastest-growing protocols this week include Maiar Exchange (81%), Sushiswap (14%), and Flexa (31%). Other DeFi protocols with relatively high growth rates include Tomb Finance (98%), DefiDollar DAO (48%), Channel Finance (47%), BLizz Finance (46%), Planet Finance (45%), and O3 Swap (31%). This week, leading projects generally performed poorly, but some smaller projects began to thrive. Notably, Maiar Exchange reached the top 25 in TVL just two weeks after launch, with a TVL of $1.97 billion, and its TVL was close to $100 million on its launch day, November 18.
Protocols with significant declines include Raydium (-13.8%), Synthetix (-14%), Orca (-17.37%), Terraswap (-18%), Sablier Finance (-29.6%), Belt Finance (-22%), Pangolin (-17%), Mars Ecosystem (-15%), and Apricot Finance (-22%).
2. Token Prices
As of Sunday at 5 PM, the cryptocurrencies with the highest price increases include DerivaDAO's token DDX (65%), Seedify.fund's token SFUND (62%), Trustswap's token SWAP (50%), Amp's token AMP (36%), Ampleforth's token APMPL (35.7%), STP Network's token STPT (18.5%), Anyswap's token ANY (16.8%), and Curve DAO Token's token CRV (15%).
At the same time, the DeFi tokens with the largest declines include Popsicle Finance's token ICE (-49%), Lido DAO's token LDO (-38%), Spell Token's token SPELL (-33.8%), JOE (-32%), GMX (-27%), Rari Governance token RGT (-22.7%), Wonderland's token TIME (-21.9%), and Sushi's token SUSHI (-21.6%).
3. Important DeFi News
On November 23, the public chain Elrond announced the official launch of its AMM-based decentralized exchange Maiar Exchange, along with a $1.29 billion liquidity incentive program.
On November 24, Tokemak announced on Twitter that renowned DeFi developer and SushiSwap co-founder 0xMaki has joined the core team of the "Liquidity as a Service" protocol Tokemak as the new Chief Strategy Advisor.
On November 25, Sushiswap faced negative comments, with its Asia-Pacific head AG stating, "Unfortunately, Sushi is heading towards failure," to which the official response was, "AG has indeed left, and any statements do not represent Sushi's official position."
On November 25, Balancer DAO and Fei DAO officially signed a cooperation agreement and launched a token swap worth over $9 million.
On November 26, Instrumental Finance, a cross-chain yield optimizer incubated by Composable Labs, announced the issuance of the token STRM, with 5% of the total token supply airdropped to users of Composable Finance's Mosaic, Celer's cBridge, Connext bridge, and Hop Protocol cross-chain bridges.
On November 26, the DeFi aggregator project Zapper announced on its official blog that its dashboard reached 1 million monthly active users, with a cumulative trading volume of $10 billion.
