DeFi double heaven: the loan scale is close to 2.5 billion US dollars, a new high DEX transaction volume fell by 58%

PAData October 23 news, DeBank data shows that the overall lock-up volume of DeFi has hit a new high recently. As of October 22, the real lock-up volume is about 9.657 billion US dollars, an increase of 431.49% from July 1. However, as the popularity of liquidity mining subsided temporarily, the market performance of different segments in the DeFi track began to diverge.

Among them, the scale of loans generated by lending platforms has continued to rise since June 15. As of October 22, the total borrowing scale of Compound, Maker, Aave and other platforms has reached about 2.468 billion US dollars, an increase of about 13 times compared with June 15. Compound’s borrowing scale accounts for 53.10% of the entire lending market, surpassing Maker’s 35.81% to occupy the first place. However, the market share gap between Compound and Maker has narrowed compared to when COMP was released.

Lido will distribute rewards to Raydium and other Solana chain DeFi protocols within 2 months: Official news, the liquid staking protocol Lido community has passed a proposal to distribute 800,000 LDOs to Solana AMM as LP rewards within 2 months, of which Raydium stSOL/USDC LP 250,000 LDOs will be allocated, 250,000 LDOs will be allocated to Raydium stSOL/ETH LP, 150,000 LDOs will be allocated to Saber stSOL/SOL LP, and 150,000 LDOs will be allocated to Mercurial Finance stSOL/SOL LP. [2021/9/16 23:30:19]

The average decline of the DeFi concept sector today is 4.95%: Jinse Finance and Economics shows that the average decline of the DeFi concept sector today is 4.95%. Among the 47 currencies, 4 rose and 43 fell, among which the leading currencies were: UMA (+18.47%), TRB (+5.94%), and SNX (+2.23%). The leading currencies are: AKRO (-11.58%), MLN (-11.03%), BTM (-10.18%). [2020/12/22 16:02:56]

On the contrary, the trading volume of DEX, which pushed DeFi to a climax, dropped sharply. As of October 22, the total trading volume of DEX such as Uniswap V2, Curve, and 0x was approximately US$655 million, a significant drop of 58.58% from the daily trading volume of US$1.581 billion on September 5.

Cardano partners with DeFi project Bondly Finance, token migration to Cardano: Cardano is making a big move into the decentralized finance (DeFi) industry. Development team IOHK has announced a partnership with peer-to-peer cryptocurrency exchange Bondly Finance. Bondly is the first DeFi project powered by Cardano. As part of the partnership, BONDLY, the native token of the Bondly protocol, will migrate from rival Polkadot to Cardano. According to a recent Goguen update, the development team is gradually implementing native tokens and industry-scale smart contracts. (U. Today) [2020/12/11 14:52:41]

Among them, the daily trading volume of Uniswap V2 accounts for about 38.52%, which is close to the market share when the governance token UNI was not issued. Although Uniswap V2 is much higher than other DEXs in terms of daily trading volume and number of users, judging from its own position in the market, the launch of liquidity mining has not allowed it to further expand its market share .

In addition, as of October 22, Sushiswap's daily trading volume was only about US$22.0296 million, accounting for 3.37% of the total DEX trading volume in a single day, ranking sixth in the market, compared with its historical high of US$265 million (September 10 day) has fallen by 91.70%.

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