LD track week observation (2023/06/13)

Trend Research

特邀专栏作者

2023-06-13 11:22 (UTC+8)

This article is about 2350 words, reading the full article takes about 4 minutes

A quick look at the important information of the industry for a week.

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A quick look at the important information of the industry for a week.

Summary

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Summary

Stablecoin: The overall market value of the stablecoin sector dropped by US$950 million from last week, and BUSD fell by about 7% due to Binance.

LSD: The current ETH pledge rate is 18.98%, a month-on-month increase of 1.63%; last week, the number of ETH pledges reached 19.5124 million, a month-on-month increase of 1.30%, and the number of beacon chains entering the queue reached 95,700, a month-on-month increase of 1.88%; currently there are 22.8261 million Ethereum is locked in the beacon chain. In the face of SEC's supervision, among the three LSD protocols of LDO/RPL/FRAX, RPL has the least decline due to its decentralization and the highest degree of anti-regulation. In the LSDFi protocol, Pendle rose by 14.3% in a week, and it was one of the few targets that outperformed BTC and ETH last week.

Derivatives DEX: The market fluctuated violently last week, and the overall trading volume of derivatives DEX increased compared with the previous week. The weekly trading volume of the 6 major derivatives DEX agreements is about 10 billion US dollars, an increase of about 67%. Despite the uptick in transaction volume, TVL has maintained a consistent outflow trend. Among them, GMX’s TVL dropped the most, with a drop of 17.31% on the 30th, falling from 695 million to the current US$554 million, with an outflow of US$141 million.

source:defillama，LD Capital

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Last week, the encryption market experienced a relatively violent decline. The overall market value of the stablecoin sector shrank by about 950 million, and the market value fell by 0.77%.

LSD

According to data from defillama.com, the current total market value of the stablecoin sector is approximately US$128.2 billion. Among the mainstream stablecoins, the market value of USDT has increased slightly, while the market value of USDC, BUSD, DAI, and TUSD has all declined. Especially affected by the SEC’s allegations against Binance, BUSD has fallen by 7.23% in the past week.

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LSD overall data level: the current ETH pledge rate is 18.98%, a month-on-month increase of 1.63%; 22.8261 million Ethereum is locked in the beacon chain.

Figure: ETH pledge yield continues to fall

Source: LD Capital

Figure: ETH pledge yield continues to fall

Source: LD Capital

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Among LSDFi, Pendle rose by 14.3% in a week, and it was one of the few targets that outperformed BTC and ETH in last week’s general slump in copycat markets.

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TVL

Data source: l 2b eat

Cross-chain funds

Source: Dune

Activity on the chain

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Activity on the chain

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Source: Dune

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DEX

In the past week, the market generally fell, TVL outflow was significant, and trading volume increased significantly. Dex consolidated TVL was $15.6 billion, down $1.58 billion, or 10%, from last week. The 24-hour trading volume of Dex was US$3.95 billion, and the 7-day trading volume was US$17.25 billion, an increase of US$5 billion from last week.

Ethereum

ETH L2/sidechain

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BTC L2/sidechain

Alt L1

Derivatives DEX

Figure: DYDX weekly trading volume changes

source:tokenterminal

Figure: GMX weekly trading volume changes

source:tokenterminal

Despite the uptick in transaction volume, TVL has maintained a consistent outflow trend. Among the top ten derivatives DEX by TVL, 8 projects have seen a decline in TVL compared to a month ago. Among them, GMX experienced the largest decline, reaching 17.31%, falling from 695 million to the current US$554 million, with an outflow of US$141 million. Since the SEC regulatory incident fermented, the decline reached 10.01% within 7 days. The decline in yields, coupled with the panic brought about by SEC supervision, has led to serious outflows of funds.

source:Defillama

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source:

After the platform goes online, transaction incentives will be adopted for a total of 6 months. After 6 months, airdrops will be conducted and tokens will be issued. 9% of the total number of tokens will be used for this transaction incentive. Based on this, the transaction volume of the platform has increased significantly. Recently, the proportion of transaction volume in the capital pool model derivative DEX ranks high, basically between 10% and 20%.

source:dune

source:

The derivatives dex protocol on Zksync era is still in the early stage, and the mode basically adopts the fund pool mode. Users mainly use airdrops for the purpose of interaction, and the transaction amount is relatively small. The basic information is as follows: