Uniswap hits $1T in lifetime trading volume, USDT loses $10B in market cap and launches on Polygon. Terra will burn 1B UST in an effort to restore the dollar peg.
Key Takeaways
- Uniswap (UNI) hit a milestone of US$1 trillion in lifetime volume since its launch on Ethereum (ETH) four years ago.
- Tether (USDT) shed US$10 billion of its market cap since the Terra (LUNA) collapse, falling to US$72.47 billion. Meanwhile, USDT expanded its blockchain arsenal with a Polygon launch.
- Terra’s community voted to burn 1 billion UST in an effort to restore the dollar peg, while Nansen debunked the case that a single attacker destabilised UST.
- This week’s price index was negative at -11.73%, while the volume and volatility indices were positive at +4.12% and +12.21%, respectively.
Highlights
- TRON flips Shiba Inu (SHIB) in market capitalisation, 5.8 billion TRX burned
- TRON overtakes Avalanche to become the third-biggest network by DeFi TVL
- Lido (LDO) community to vote on limiting protocol’s share of ETH
- Common raises US$20 million to build DAO management platform, launch token
- WAVES announces DeFi Revival Plan to fix the aftermath of USDN’s depeg and the liquidity crisis at Vires Finance
- Dogecoin-Ethereum Bridge for DeFi use remains on track: DOGE developer
- Brave integrates Solana (SOL) as part of browser’s Web3 push
- Cardano (ADA)’s Epoch 340 is finished as smart contract usage spikes to 29%
- New DeFi Index targets ‘proven’ blue-chip assets
- Algorithmic stablecoin resiliency more important than growth: Vitalik Buterin
- Anchor Protocol got exploited with launch of Luna 2.0, user makes “free” US$800,000
- Siam commercial bank Is chasing DeFi yield through compound
- Yearn Finance (YFI)’s Q4 2021 report
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