14 indicators to see the changes in the blue-chip DeFi market in the past 90 days
Original compilation: PANews
Original compilation: PANews
In the crypto bear market, although many things seem to be calm, there are actually some places with dark tides, such as the DeFi ecosystem. The status of the blue-chip DeFi market may surprise you.
Next, let us understand the changes that have taken place in the blue-chip DeFi market in the past 90 days from the following 14 indicators.
1. Price
For most of the leading DeFi projects, the past year has been difficult. In terms of US dollars, the prices of many DeFi projects have dropped to varying degrees, such as:
Compound: -82%
Yearn Finance: -77%
Balancer: -76%
Aave: -74%
Uniswap: -74%
Curve: -69%
Convex: -65%
Lido:- 64%
Maker: -61%
2. Total lock-up amount
As of October 14, the total lock-up volume of DeFi is about 51.35 billion US dollars. The top ten Dapps with lock-up volume in the past 90 days are as follows:
Maker: $8.1 billion
Lido: $6.8 billion
Aave: $6.2 billion
Curve: $5.8 billion
Uniswap: $5.7 billion
Convex: $4.1 billion
PancakeSwap: $3 billion
Compound: $2.6 billion
Balancer: $1.5 billion
3. Reserve treasury
Treasury is the total dollar value of funds held on the protocol chain (including unallocated governance tokens). Currently, the largest reserve is UniSwap, and its average reserve size in the past 90 days is about 30 One hundred million U.S. dollars. This is followed by ENS with USD 1.1 billion, LidoFinance with USD 330 million, Compound and Aave with USD 160 million.
4. Dapp income
Revenue is defined as the share of fee revenue going to the protocol reserve or directly to token holders, over the last 90 days:
OpenSea ranks first with $34 million in revenue
DYDX: $22 million
PancakeSwap: $17 million
SNX: $14 million
ENS: $12 million
5. DApp fees
In the past 3 months, the amount of fees paid by the following DApp users are:
Uniswap: $144 million
OpenSea: $140 million
Lido: $76 million
Convex: $56 million
PancakeSwap: $52 million
Aave: $33 million
GMX: $29 million
DYDX: $22 million
Synthetix: $14 million
6. Active users of the lending agreement (the past 90 days)
Over the past 3 months, the number of unique addresses interacting with the lending protocol has grown by 77%, from 3,626 users to 6,425.
7. Market value of lending agreement
The total market value of the current cross-lending agreements is about 3.75 billion US dollars, and the market value of each agreement is as follows:
Aave: $1.2 billion
Maker: $974 million
Compound: $570 million
Abracadabra money: $200 million
Euler: $171 million
Maple: $161 million
Venus: $146 million
Homora: $115 million
Goldfinch: $89 million
Centrifuge: $89 million
8. Loan amount of head lending agreement
The outstanding borrowing amounts of the current cross-loan agreements are as follows:
Maker: $6.4 billion
Aave: $3 billion
Compound: $900 million
Maple: $275 million
TrueFi: $122 million
Euler: $255 million
Liquidity: $174 million
BENQI: $68 million
Goldfinch: $99 million
Centrifuge: $79 million
9. The total amount of fees paid by the user on the lending agreement (in the past 90 days)
The total amount of fees paid for each agreement is as follows:
Aave: $33 million
Maple: $9.3 million
TrueFi: $8.4 million
Compound: $5.6 million
Maker: $3.8 million
Goldfinch: $2.7 million
Euler: $2.6 million
Alchemix: $2.1 million
Centrifuge: $1.9 million
BENQI: $1.7 million
10. Active user blocks of SushiSwap and Uniswap (last 90 days)
SushiSwap, like Uniswap, is struggling to retain users. Currently, Uniswap has 33,295 active users. This is a 38% increase from 3 months ago. The situation is different for SushiSwap, which currently has 3,560 active users, a drop of 34% from 3 months ago.
11. Cumulative trading volume of top DEXs (in the past 90 days)
Uniswap: $115 billion
dYdX: $86 billion
PancakeSwap: $21 billion
GMX: $19 billion
Curve: $8.5 billion
Balancer: $6 billion
Synthetix: $4.1 billion
SushiSwap: $2.9 billion
0x: $2.1 billion
Perpetual Protocol: $1.9 billion
12. Cumulative fees paid by users on DEX (in the past 90 days)
Uniswap: $142 million
PancakeSwap: $52 million
GMX: $29 million
dYdX: $22 million
Synthetix: $13 million
MetaMask: $9.7 million
SushiSwap: $9 million
1inch: $6.7 million
Balancer: $6.4 million
Lyra: $6 million
13. Total transaction amount (last 90 days)
As expected, with the increasing volatility of the crypto market, the trading volume of DeFi tokens has also declined significantly. In the past 90 days, the trading volume of top DeFi tokens has plummeted from $1.3 billion to $500 million, a drop of as much as 62%.
14. Number of token holders (last 90 days)
Despite the decline in token prices and volatility over the past 3 months, the number of token holders in popular DeFi projects has maintained a steady upward trend, as shown in the chart below:
