Title: Eventful Week in DeFi: Demands, Exploits, and Airdrops
Introduction
The world of DeFi has seen a whirlwind of activity this week. From massive climbs in total value locked (TVL) to major product launches and updates, and the announcement of upcoming airdrops, the past week in the DeFi space has been nothing short of eventful.
Total Value Locked
The TVL across all chains continued its upward trajectory for the third week in a row. Notable outperformers include BitDAO-backed L2 Velodrome, Mantle, and ConsenSys-backed zero-knowledge Ethereum Virtual Machine (zkEVM) chain, Linea, with significant increases in TVL.
Alpha Central Insights
0xShual shares his insights on on-chain trading, focusing on the behaviors of top holders and liquidity providers, as well as the liquidity pool on V2 and V3 pools.
Decentralized Physical Infrastructure
Stacy takes a deep dive into the growing decentralized Physical Infrastructure sector (DePIN), covering industries such as cloud services, telecommunications, sensor analytics, and energy networks.
Ethereum Update: Kyber Network Demands and Chainlink Staking
The Kyber Network exploiter made extreme demands to the team, including full control over the protocol. On the other hand, Chainlink unveiled Chainlink Staking v0.2 on the Ethereum mainnet.
Product Launches and Updates
Several product launches and updates took place in the DeFi space, including the unveiling of Stakewise V3, a frontend exploit at Velodrome, partnership between Quickswap and Steer Protocol, the launch of Pi Cryptex Finance, and the launch of Myso Finance swaps.
Cosmos Update: Forking and Live DYdX Chain
Cosmos co-founder Jae Kwon proposed the forking of the Cosmos Hub, leading to the announcement of AtomOne with the corresponding token, ATOM1. Additionally, the DYdX chain went live with trading and trading rewards.
Solana Airdrop Season
Jito announced their upcoming token, JTO, and retrospective airdrop, while Jupiter Exchange released their airdrop checker for the first wave of their retrospective airdrop to users of the platform.
Tweet of the Week
Su Zhu, founder of Three Arrows Capital, made an announcement about his return, after being arrested in late September earlier this year.
Conclusion
This week in DeFi has been packed with significant developments, ranging from demands and exploits to product launches and airdrop announcements. Stay tuned for next week’s edition as we continue to follow the latest updates and news from the DeFi space.
I’m a cryptocurrency and blockchain technology journalist. My work has been featured in major publications such as CoinDesk, Bitcoin Magazine, and VentureBeat. I’ve been a respected voice in the cryptocurrency community and my insights into the industry have helped shape its development.
