In brief
DeFi TVL approaching ATHs once more
h/t @defipulse pic.twitter.com/SoITPR1Nwy
— Spencer Noon (@spencernoon) November 6, 2020
$119,586.00
0.84%$4,305.07
1.47%$3.20
-0.34%$810.30
0.80%$177.83
-2.67%$0.99981
0.00%$4,291.73
1.40%$0.229985
-2.08%$0.34508
1.92%$0.791241
-1.81%$5,193.97
1.50%$119,341.00
0.70%$43.98
-3.07%$21.60
-2.75%$0.440605
-1.30%$4,623.16
1.37%$3.71
-4.45%$4,608.61
1.24%$586.60
2.69%$0.250535
-3.73%$4,300.55
1.35%$1.001
-0.02%$23.43
-2.03%$123.86
-0.54%$3.42
2.23%$9.03
0.11%$0.999333
-0.03%$0.00001319
-3.25%$11.36
3.09%$0.999854
-0.01%$45.24
0.49%$119,550.00
0.82%$3.94
-3.58%$0.168249
3.06%$0.801207
2.19%$1.19
-0.16%$4.43
-0.50%$272.26
1.33%$0.00001159
-4.39%$299.89
-1.98%$367.08
-6.58%$22.85
-1.71%$0.981555
-4.96%$2.66
-2.88%$1.003
-2.84%$0.402954
0.90%$4.63
-1.80%$5.51
-2.72%$46.19
-0.31%$217.34
-2.59%$4,302.43
1.35%$0.092153
-2.40%$0.03732402
-6.65%$0.45082
-3.12%$1.00
0.00%$0.257582
-3.57%$0.999854
-0.06%$0.241816
-0.41%$0.02475711
-2.02%$4.56
-2.60%$4,885.65
1.14%$0.00002591
-5.72%$3.84
-3.12%$16.62
-0.91%$4.57
-0.03%$4,508.98
1.28%$1.023
-5.21%$1.063
0.03%$6.34
-7.64%$189.84
-2.72%$0.703469
-1.67%$0.085615
-1.44%$9.00
-3.24%$0.311177
-4.15%$5.13
-0.52%$2.53
-3.71%$1.80
-6.75%$112.52
-2.39%$119,450.00
0.64%$4,522.14
1.32%$0.0225194
-0.93%$4,607.80
1.32%$0.504767
-5.00%$4,578.73
1.12%$11.94
0.91%$0.99975
-0.00%$0.087859
-1.33%$1.56
9.24%$14.01
-2.64%$0.999974
-0.04%$1.35
-0.60%$0.770104
-1.73%$0.740933
-1.71%$0.954331
-2.53%$0.02744843
-8.75%$0.998456
-0.01%$4,534.14
1.32%$1.76
-3.60%$0.999724
-0.02%$0.00358671
15.24%$3,361.84
-0.80%$0.999874
-0.01%$119,462.00
0.77%$43.99
-3.08%$0.570131
-4.90%$810.14
0.78%$0.00011226
-5.33%$200.88
-2.64%$0.200704
-3.69%$0.385166
-1.45%$0.999157
-0.04%$0.999443
-0.05%$0.09502
-4.41%$1.13
-8.02%$0.306735
-1.77%$119,440.00
0.74%$0.976604
-10.33%$4,305.31
1.49%$2.78
-1.64%$3,353.17
-1.09%$28.68
-2.74%$1.08
-3.30%$0.944087
-6.74%$120,210.00
0.02%$5.40
-1.80%$4,516.71
3.26%$1.36
-6.36%$0.833888
-5.95%$3.25
-3.76%$0.146962
-2.19%$0.851789
-2.91%$0.533606
-0.84%$233.76
-2.53%$0.01670468
1.36%$0.203841
-2.43%$0.01716827
-4.20%$0.454547
3.59%$4,300.92
1.41%$4,565.97
0.93%$0.123414
-4.33%$0.289663
-2.33%$112.12
0.00%$0.21508
7.85%$119,298.00
0.67%$0.00000069
-0.23%$2.10
-1.94%$4,292.19
1.23%$1.079
0.38%$0.997597
-0.07%$4,576.25
1.33%$1.83
-4.24%$0.667234
4.82%$0.999324
-0.04%$4,740.55
1.37%$38.01
-3.66%$4,299.55
1.24%$0.379552
-2.88%$0.230012
-2.16%$0.00816969
-0.08%$119,611.00
0.88%$1.43
-5.71%$29.39
2.95%$0.997691
0.02%$0.00617992
0.51%$0.298569
-3.69%$0.405424
-3.12%$4,647.86
0.96%$0.056835
-6.06%$0.503392
-1.25%$118,895.00
2.25%$0.0000014
-7.63%$0.00925943
0.30%$2.91
-4.54%$0.072649
1.49%$1.23
0.46%$4,279.00
1.81%$0.999699
0.04%$0.131163
-4.42%$0.496736
-5.08%$0.00000118
2.62%$4,303.82
1.47%$7.60
-4.41%$1.41
-0.57%$0.61961
-2.71%$0.998979
0.08%$0.637454
-2.89%$52.39
-4.04%$0.01384557
-3.20%$0.00000047
0.04%$0.762162
-3.72%$7.01
0.43%$0.381935
-3.70%$6.38
-2.85%$1.16
-0.00%$15.46
-3.79%$1.38
-2.60%$14.89
0.76%$7.69
-2.58%$5,208.03
1.29%$0.00002176
-1.71%$0.997684
-0.19%$0.133405
30.34%$0.02247612
1.44%$0.00817619
-4.08%$1.00
0.01%$0.00482822
-6.93%$0.057492
-2.64%$1.096
0.00%$0.379719
-3.55%$5.12
1.72%$0.04187606
-2.95%$0.086642
-3.74%$1.009
0.90%$2.43
-3.82%$0.9998
0.01%$10.78
0.01%$119,516.00
0.76%$0.563667
-1.13%$4,514.11
1.32%$195.67
-2.55%$0.836037
5.53%$0.150749
-5.42%$0.140532
-0.41%$0.265512
-5.75%$0.03482055
-5.63%$22.61
0.39%$28.54
-2.21%$43.97
-3.08%$23.44
-2.16%$4.41
-1.93%$119,351.00
0.81%$0.350159
-2.77%$4,842.32
1.38%$134.42
-1.19%$1.28
-0.80%$0.532614
-1.06%$0.00083503
12.49%$0.56367
-2.02%$0.241542
-0.39%$119,445.00
0.81%$0.161861
-5.16%$0.00340156
-5.66%$0.03413489
-1.39%$4,266.87
0.68%$0.00006127
-2.54%$0.999515
-0.01%$1.71
25.73%$0.00478691
-5.18%Reading
The world of decentralized finance (DeFi) could be picking back up after adding over $1 billion to its smart contracts in just one week.
Since last Saturday, the total value locked into the DeFi world rose from $11.16 billion to $12.48 billion, according to figures from metrics site DeFi Pulse.
Sure, the amount of money being pumped into DeFi projects—that’s non-custodial financial products—isn’t as high as it was in the summer, and overall growth is slowing. But there is still interest and it looks like there will be for some time yet.
DeFi TVL approaching ATHs once more
h/t @defipulse pic.twitter.com/SoITPR1Nwy
— Spencer Noon (@spencernoon) November 6, 2020
The vast majority of that $12.48 billion was invested this year. Most of it is locked into Ethereum, the platform nearly all DeFi projects build upon.
The top three DeFi projects—Uniswap, Maker, Wrapped Bitcoin—contain over half of the $12.48 billion.
And as interest in DeFi projects has grown, so has the price of their tokens. In the past 24 hours, the price of yearn.finance is up 32%—bringing the value of a single YFI token to $14,275.33, according to CoinMarketCap.
While Aave has risen by 15.13% and Chainlink, nearly 7%.
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Interest in DeFi projects partly surged this year when investors found out they could lend their assets by staking them in DeFi smart contracts and make insane returns.
The craze, known as yield farming, was predicted to be a bubble by some, and a lot of the volumes on decentralized exchanges has already plummeted.
Pump.fun’s token surged on Monday as the meme coin launchpad clawed back market share from LetsBonk, its biggest competitor on Solana in recent weeks. PUMP recently changed hands around $0.0036, a 20% increase over the past day, according to crypto data provider CoinGecko. The token’s price has still fallen 46% from an all-time high of $0.006812 last month, notched shortly after its highly anticipated debut. For over a year, Pump.fun had served as the go-to place for people to speculate on meme...
The Uniswap Foundation published a proposal on Monday to establish a new legal entity in Wyoming for Uniswap Governance, the decentralized exchange’s governing body of members, delegates, and token holders. Under the proposal, Uniswap Governance would become structured as a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA), allowing the group to operate with greater legal certainty, according to Uniswap Foundation General Counsel Brian Nistler. “Uniswap Governance [has] never had...
Coinbase will offer decentralized exchange trading for U.S. customers, the crypto exchange giant announced on Friday. The feature will mean that new tokens previously only available via decentralized platforms will be available via Coinbase's mobile app. The feature won't be available for New York State-based users. New digital coins and tokens are frequently minted—including via Coinbase's Base network—and the exchange said it wants to make them available more quickly on its app. The exchange...