DeFi Weekly | The total circulation of stablecoins on Ethereum exceeded $60 billion, a record high

DeFi Weekly is a weekly summary column in the DeFi field launched by Jinse Finance. It covers important DeFi data and DeFi project dynamics this week. 1. Total market value of DeFi: USD 87.361 billion Data source of DeFi market value: CoinGecko2. Trading volume of decentralized exchanges in the past 24 hours: USD 8.91 billion Data source of DEX trading volume in the past 24 hours: Debank3. Total borrowings on DeFi lending platforms: 166.5 100 million USD DeFi lending platform total borrowing data source: Debank data: the total lock-up volume of the current DeFi agreement is 210.78 billion US dollars: news on February 10, according to Defi Llama data, the current total lock-up volume of the DeFi agreement is 210.78 billion US dollars, 24 Hours increase by 0.60%. The top five locked assets are Curve ($19.88 billion), MakerDAO ($18.02 billion), AAVE ($13.88 billion), Convex Finance ($13.8 billion), and WBTC ($11.51 billion). [2022/2/10 9:42:43] The source of the ranking of the top ten lending platforms: Debank4, locked assets in DeFi: 80.97 billion US dollars DeFi project locked assets top ten rankings and locked positions, data source: Debank DeFi benchmark interest rate drop To 4.73% According to Jinse Finance, according to peer customer data, the DeFi decentralized financial benchmark interest rate was 4.73% on May 21, a decrease of 2.17% from the previous day. During the same period, the US treasury bond mortgage repurchase rate (Repo Rate) was 0.01%, and the interest rate difference between the two was 4.72%. The DeFi benchmark interest rate represents the difficulty of DeFi financing. The higher the interest rate, the higher the financing cost, and the lower the interest rate, the lower the financing cost. The interest rate difference between it and Repo Rate is convenient for comparison between DeFi and traditional markets. The average increase of the DeFi concept sector today is 6.60%: Jinse Finance and Economics shows that the average increase of the DeFi concept sector is 6.60% today. Among the 47 currencies, 42 rose and 5 fell, among which the leading currencies were: FOR (+71.65%), SUSHI (+13.75%), KCASH (+12.97%). The leading currencies are: BTM (-3.24%), SWFTC (-2.59%), TRB (-2.51%). [2021/8/20 22:25:51] Uniswap v2 and SushiSwap’s 7-day average transaction fees are both higher than Bitcoin Twitter user Whale. Ranked second, the 7-day average transaction fee of SushiSwap is about 3.383 million US dollars, and the transaction fee ranks third. The 7-day average transaction fee of Bitcoin is 33.55 billion US dollars, and the transaction fee ranks fourth. Fei Labs: The FIP-5 proposal has been approved On May 19th, Fei Labs tweeted that the FIP-5 proposal has been passed and will be implemented on May 19th, Pacific time. The main content-zce of the FIP-5 proposal is to update the bond curve allocation and Added slippage protection to Uniswap liquidity pools. The total lock-up value of Uniswap V3 has exceeded one billion US dollars. The total lock-up value (TVL) of TRON DeFi has reached 12.5 billion US dollars: According to the latest data at 19:00 (HKT) on April 4, the total lock-up value of TRON DeFi (TVL) has reached 12.5 billion US dollars, refreshing its own historical record and setting a new high. TRON's five-coin simultaneous mining has achieved great success in century mining, and the total lockup value of TRON DeFi has risen strongly, showing the strong potential of TRON's DeFi ecology. It is reported that TRON has officially upgraded the algorithm of the total value locked (TVL): the total frozen amount of TRX is equal to the sum of energy and bandwidth, including the energy and bandwidth obtained by voting for super representatives to freeze TRX. TRON is committed to promoting the decentralization of the Internet and building infrastructure for the decentralized Internet. Its TRON protocol is a blockchain-based decentralized application operating system protocol, providing high-throughput, high-scalability, and high-reliability underlying public chain support for decentralized application operations on the protocol. TRON also provides better compatibility for Ethereum smart contracts through an innovative pluggable smart contract platform. [2021/4/4 19:45:22] On May 18th, Uniswap V3 was launched less than two weeks ago, and the total locked value (TVL) exceeded one billion US dollars. , The trading volume of Uniswap V3 jumped to the top of Ethereum DEX. According to data from OKLink, as of 10:00 today, the 24-hour trading volume on Ethereum Dex is about 8.52 billion US dollars. Among them, the top three Dex protocols by transaction volume are Uniswap V3 with USD 1.71 billion, Uniswap V2 with USD 1.53 billion and SushiSwap with USD 1.17 billion. Data: The total lock-up volume of DeFi protocols on Ethereum exceeded 28 billion US dollars: According to OKLink data, as of 15:00 today, the total lock-up volume of DeFi protocols on Ethereum was about 28.106 billion US dollars. Among them, the top three protocols with locked positions are Maker with USD 3.872 billion, WBTC with USD 3.869 billion and Uniswap V2 with USD 2.967 billion. [2021/1/6 16:33:19] Binance Smart Chain PancakeBunny responded to the token flash crash event: was attacked by flash loans May 20 news, Binance Smart Chain (BSC) DeFi income aggregator PancakeBunny (BUNNY) Responding to the token flash crash incident, it was attacked by flash loans from external developers. Hackers used PancakeSwap to borrow a large amount of BNB, and then continued to manipulate USDT/BNB and BUNNY/BNB prices, thereby obtaining a large amount of BUNNY and selling them, resulting in BUNNY The price crashed suddenly, and finally the hacker exchanged BNB back through PancakeSwap. TheBlock researcher: The amount of funds withdrawn from DeFi due to hacker attacks exceeded 370 million US dollars TheBlock research analyst Igor Igamberdiev pointed out in his latest report that the amount of funds withdrawn from DeFi due to hacker attacks exceeded 370 million US dollars. All root causes of DeFi attacks can be divided into two types: Vulnerabilities caused only by bugs in project code (such as missing sanity checks); Bugs caused by DeFi composability (such as oracle misuse). The most frequent attacks occur on weekends, making it difficult for developers (and researchers) to respond. Token listing platform CoinList expands into DeFi market: Jinse Finance reported that CoinList, a token listing platform supported by Twitter CEO Jack Dorsey and Polychain Capital, has quietly entered the decentralized finance (DeFi) market. Since launching the WBTC/BTC service for institutions in February, the company has minted 25% of the total WBTC supply to date, and its transaction volume accounts for 20% of the total daily average transaction volume, the company said. CoinList is now opening the service to all users. [2020/4/23] BSC’s largest lending platform VENUS suffered a large amount of liquidation and was suspected of being maliciously manipulated. On May 19th, BSC’s largest lending platform VENUS was exposed to a large amount of liquidation, and its operating methods were extremely bad. According to the feedback from the community, there are several large investors who have more than 3 million XVS (Venus platform currency) in their hands. They spent tens of millions of dollars in a short period of time last night to pull the price of XVS from more than 70 dollars to 144 dollars , and then mortgage XVS at a high price to borrow thousands of BTC and tens of thousands of ETH. Subsequently, the price of XVS collapsed rapidly, and XVS was liquidated, which has caused more than $100 million in bad debts to the Venus platform. MakerDAO expects total annual revenue to exceed $200 million According to MarketBurn data, DeFi lending platform MakerDAO expects total annual revenue to exceed $200 million. While this is an estimate based on the platform's current performance, it shows MakerDAO's tremendous growth over the past few months. By comparison, the company's average annual revenue on Jan. 1 was just $19 million, an increase of nearly 1,000% in just 4.5 months. The decentralized lending platform JustLend officially launched the stablecoin TUSD, and TRC20TUSD added lending usage scenarios After the high number of votes passed, JustLend will be officially launched today. Users can obtain jTUSD by depositing TUSD, and enjoy the high returns of the JustLend lending market in a timely manner. TUSD is a USD stablecoin that is fully collateralized and verified on-chain in real time. At present, 70+ centralized exchanges such as Binance, Huobi, and Poloniex have been launched, basically covering top exchanges, and circulated in dozens of DeFi trading and lending platforms. The ratio of TUSD circulation to U.S. dollar reserves has reached 1:1, achieving 100% reserves, and has been audited in real time by Armanino, an American accounting company. Users can obtain public audit results through the official website at any time. The hacker of the DeFi project PancakeBunny event has converted most of the profits into nearly 46 million DAI. Starting at 10:55 on May 20th, Beijing time, the hacker profit address of the PancakeBunny event (0x158C24...2C612f) will make profits through PancakeSwap The funds 114,631 BNB and 697,245 BUNNY were converted into ETH, and then transferred to ETH address 1 (0xa0ACC6...d7E187) and ETH address 2 (0x158C24...2C612f) in a cross-chain manner. Today, SlowMist MistTrack detected that address 1 transferred 16,500 ETH to address 2, and address 2 then converted ETH into DAI through Sushiswap and other exchange platforms and transferred back to address 1. Currently address 1 has a balance of 480 ETH and nearly 46 million DAI; address 2 has no balance yet. The SlowMist security team hereby reminds exchanges and wallets to pay attention to strengthening address monitoring to prevent related malicious funds from flowing into the platform. PancakeBunny updated the code to prevent similar flash loan attacks from happening again. Official news, PancakeBunny stated that it has changed the code to prevent similar flash loan attacks from happening again, mainly including: 1. The function [PriceCalculatorBSC.sol] has been updated, So the token price oracle machine can use the Chainlink contract; 2. Update the code so that if there is an unbalanced currency pair in Bunny minter's currency pair contract, the protocol will check it, remove excessive irregularities (dust) and seamlessly to eliminate liquidity. PancakeBunny has backtested the strategy and confirmed that it can thwart potential flash loan attacks. The total circulation of stablecoins on Ethereum exceeded $60 billion, a record high According to the latest data, the total circulation of stablecoins on the Ethereum blockchain exceeded $60 billion, a record high. At the time of writing, it was $61.09 billion, and Ethereum The stable currency on the market is the legal currency used in the blockchain network. It is usually riveted with the price of the legal currency, audited by a third party, and has real US dollars as a reserve or a complex algorithm to guarantee its price. Calculated by circulation, the top three Ethereum stablecoins are: 1. USDT: 25916047048 US dollars, accounting for 42.43% of circulation; 2. USDC: 18149530825 US dollars, accounting for 29.71% of circulation; 3. BUSD: 8168314933 U.S. dollars, accounting for 13.37% of the circulation. The total issuance of stablecoins on the Ethereum blockchain topped $50 billion for the first time on April 20, which represents an increase of $10 billion in one month. 1inch launched a bug bounty program with a maximum value of 200,000 US dollars According to the official Twitter news, 1inch launched a bug bounty program with a maximum value of 200,000 US dollars on the Immunefi platform. The bounty program focuses on smart contracts and websites, and the main purpose is to solve serious security issues that directly affect the safety of funds and wrong price estimates. The total market value of USDC has exceeded 19 billion U.S. dollars. Jinse Finance reported that according to the tweet of Circle CEO Jeremy Allaire, the market value of the stablecoin USDC has exceeded 19 billion U.S. dollars.

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