The decentralized finance (DeFi) industry continues to gain increased attention from cryptocurrency investors and traders. ForkLog has put together the most important events and news from the past three weeks in one digest.
Value of blocked assets, capitalization and DEX volumes
The volume of jellies in DeFi protocols exceeded $ 1.4 billion on December 20, reaching a record high on adjusted DeFi Pulse metrics. As of December 24, that figure has fallen to $ 13.4 billion.
Data: DeFi Pulse.
Maker retains the leadership with $ 2.61 billion in stranded assets – an index of dominance of 19.54%. The first three haven’t changed – they still include Compound and Aave. The market capitalization for DeFi tokens increased to $ 18.66 billion.
The trading volume on Decentralized Exchanges (DEX) over the past 30 days was $ 20 billion. Compared to the previous similar period, the indicator increased by 19%.
Uniswap remains the leader unchanged, with its cumulative transaction volume surpassing the record $ 50 billion since its inception.
Daily trading volume on Uniswap. The data: DuneAnalytics.
DeFi 1inch project released a management token of the same name
The liquidity aggregator of the 1inch decentralized exchanges has issued a 1INCH “instant management” token.
It allows the community to vote on the parameters of the protocol.
The total issue is 1.5 billion 1INCH. Initially, 6% will be put into circulation. 30% of the tokens were allocated to the community, 14.5% to the development fund. They are spread over four years.
Participants will receive the tokens to both cash extraction programs and wallets. They would interact with the aggregator until 00:00 UTC on December 24.
You can claim tokens on the 1 inch website by connecting your wallet through WalletConnect or another option.
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