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Aave

Aave Companies, the parent company of the Aave protocol, announced a brand change to Avara and a strategic acquisition of the crypto wallet Family. Its founder Stani Kulechov said that Avara plans to help users enter the Web3 ecosystem through the acquisition of the crypto wallet Family. This name change is a rebranding and will have little impact on Aave’s existing business.

The Aave community has initiated a community temperature check vote to characterize the November 4th security incident as a shortage event to activate the security module, which can auction locked AAVE pledged tokens to cover the deficit. The vote closed on November 20 but did not pass.

Compound

The Compound community will launch a four-month growth plan and will allocate 7,770 COMP, of which 2,760 COMP will be allocated to the BD fund under the plan to support the business development operations of the growth plan; the other 5,010 COMP will be allocated to Growth Fund. The vote will close today (13th) and will be passed.

Proposal 191 initiated by the Compound community last week will not be implemented due to failure to reach quorum. The proposal proposes allocating 7770 COMP (worth approximately $400,000) over a 4-month period for Compound growth initiatives.

SuperState, an RWA company founded by the founder of Compound, completed a $14 million Series A round of financing led by Distributed Global and CoinFund for an undisclosed amount.

MakerDAO

The Scroll team has published a proposal to the MakerDAO Governance Forum proposing to deploy the lending protocol SparkLend to the Scroll network.

LSD

Last week, 28.53 million ETH were locked in the beacon chain, corresponding to a pledge rate of 23.72%, a month-on-month decrease of 0.3%; of which there were 885,600 active verification nodes, a month-on-month increase of 0.43%. This week’s ETH staking return was 3.6%, and ETH’s annualized inflation was -0.353%; Uniswap, Maestro and BananaGun are the top three Defi that burns gas.

ETH pledges fell by 0.3% month-on-month this week

Source: LD Capital

ETH staking yield this week is 3.6%

Source: LD Capital

ETH annualized inflation drops to -0.35%

Source: ultrasound, LD Capital

Among the three major LSD protocols, in terms of price performance, LDO rose by 9% in the week, RPL fell by 7.9%, and FXS rose by 10.8%; from the perspective of ETH pledge volume, Lido rose by 0.47% in the week, Rocket Pool rose by 1.62%, and Frax rose by 0.80%. Last week, the price of ETH fell by 1.7%. The high fluctuation of ETH price caused some pledgers to un-pledge and sell, and the ETH pledge rate showed a rare slight decrease. Last week, Brevan Howard Digital transferred 500,000 LDO to the exchange, and Dragonfly Capotal transferred 1.5 million LDO to the exchange; Rocket Pool’s current deposit pool balance is 18,000 ETH, the RPL pledge rate is 50.94%, and the effective pledge ratio is 93.78%; SSV The number of ETH pledged on the network reached 39,000.

NFTFi

Last week, the total NFT market trading volume was US$75.53 million, a decrease of 48.94% from the previous month; the total market value was US$6.75 billion, a decrease of 15.93% from the previous month; there were 6.3 million NFT holders, an increase of 4.76% from the previous month, and 39,000 NFT traders, a decrease of 12.4% from the previous month.

Source: NFTGo, LD Capital

Source: NFTGo, LD Capital

Among the NFT trading platforms, Blur’s trading volume last week was US$54.91 million, down 35% from the previous month, and its market share increased to 66.2%. TV L106 million was US$106 million, down 11% from the previous month; Blur may end its second quarter on November 20 ; On November 27, 37.5 million Looks will be unlocked, accounting for 6.88% of the circulating supply.

Source: Dune, LD Capital

In the NFT lending market, BendDAOs current TVL is 99.65 million US dollars, down 3.3% month-on-month, including 18,100 ETH deposits, a utilization rate of 12.72%, a deposit interest rate of 7.09%, a borrowing interest rate of 4.06% (paid to the borrower), and a BEND pledge interest rate of 4.54%. ; Jpegd TV L2 was US$4.77 million, down 4.6% month-on-month, and the pETH/WETH LP yield in Curve was 24.29%. The BEND token has risen 38% in the past week, significantly ahead of the growth in its protocol lending business, making the current Bend token subsidies for protocol mortgages exceeding the actual borrowing rate, leaving room for arbitrage for NFT holders.

Ethereum L2

TVL

The total amount of Layer 2 TVL is US$13.95 billion, and the overall TVL has increased by 1.86% in the past 7 days.

Source: L2 beat, LD Captial

Optimism

1. The first failure of OP Stack proves that the Canyon hard fork was successfully activated on the Super Chain test network on November 15.

2. Lattice also joined Super Chain as a core developer of OP Stack and released the Redstone Holesky test network, which is mainly used for L2 of on-chain games and other applications.

Arbitrum

The Arbitrum Sepolia testnet is now online, Arbitrum Goerli will be deprecated in two months from today, after which access to Arbitrum Goerli will require running a personal node.

On-chain activity

Source: Artemis

AI

The token prices of many projects in the AI ​​sector have increased significantly last week due to OPENAI-related events and sector rotation: the 7-day increase was TAO-97.5%, RNDR-53.6%, FET-41.1%, AKT-56.4%, and other projects are also different. degree of growth.

Source: coingecko

OpenAI

1. OpenAI founders Sam Altman and Greg Brockman will join Microsoft. Microsoft said Altman and Brockman will lead the new Microsoft Artificial Intelligence team, which will quickly provide Altmans team with the resources it needs. Previously, OpenAI founder Sam Altman was removed from the OpenAI CEO and board of directors positions, and OpenAI co-founder Greg Brockman also chose to leave due to Sams dismissal.

2. Twitch co-founder Emmett Shear confirmed that he has taken over as CEO of OpenAI

RNDR

1. RNP-007 passed the first community vote: This proposal will promote collaboration between the AI ​​cloud platform FEDML and Render, and introduce the needs of the AI ​​community into Renders computing network; FEDMLs researchers and data scientist communities gain access to Render distribution access to the GPU network.

DEX

Dex combined TVL 12.79 billion,A decrease of 0.6 billion from last week. Dex’s 24-hour trading volume was 2.51 billion, and its 7-day trading volume was 27 billion, an increase of 2 billion billion compared with last week.

Ethereum

RUNE TVL has climbed into the top ten on Ethereum. Due to RUNEs own arbitrage mechanism, arbitrageurs have brought a large amount of transaction fees to BTC-RUNE and ETH-RUNE, and both APY and TVL have increased. RUNE uses an incentive mechanism to ensure that there are 3 US dollars of RUNE for every 1 US dollar of non-RUNE assets on the network. is locked, so the growth leverage of TVL amplifies the demand for RUNE, increasing the buying pressure. To determine whether the positive cycle of thorchain can be sustained, pay attention to the price of BTC and whether the total saved vaue of the saver continues to grow.

ETH L2/sidechain

BTC L2/Sidechain

Alt L1

Cosmos

The top ten projects with net inflows from IBC volume this week are: Osmosis, Cosmos hub, Axelar, Kujira, Celestia, Neutron, Terra, Stride and Akash.

AI tokens saw huge gains over the weekend, tied to news that OpenAI co-founder and (now) former CEO was dramatically ousted by the company’s board of directors last Friday.

The news caused the crypto token Worldcoin (WLD) to surge to price levels last seen before the surprise move by OpenAI’s board of directors. AKASH and FET linked to IBC also led the gains this week, led by Akash Network (AKT), which surged more than 50% in the past 24 hours to $1.66.

Derivatives

BTC maintained a wide range between 35,500 and 38,000 last week. Contract open interest remained choppy near $33 billion.

Over the past week, the contract still maintained high trading volume, but it was down from the previous week. Altcoins have retraced significantly, and contract trading sentiment has declined. Attention turns to on-chain events such as BRC 20.

From the liquidation data, we can see that since late October, the liquidation amount has been significantly larger. The main reason is that BTC broke through the pressure level of 32,000 and formed a new upward trend, driving trading funds into the market. The fluctuation of BTC brought about the liquidation of contracts.

In terms of derivatives DEX, DYDX is still the leader in terms of trading volume. However, with the news of large-scale releases in early December, funds took profits and left early due to the need for hedging, causing the currency price to fall. And SNX, along with its Perp front-end Kwenta, gained funding attention and posted gains this week.

POW

Old POW tokens such as LTC and BCH have not received the attention of funds and are in a shock stage. The new POW concept currency has entered the attention of funds as KAS continues to make strong breakthroughs, and has achieved excellent gains in the past week.

In addition to advocating that the bottom layer is POW and faster, the current POW tokens generally superimpose other concepts and services, such as smart contract platforms, privacy networks and privacy tokens, AI computing power platforms, AI algorithm platforms, and the Internet of Things. wait. TAO belongs to the AI ​​algorithm platform, DNX and CLORE belong to the AI ​​computing power platform, ATOR belongs to the privacy network, ZEPH belongs to the privacy stable currency, and XNA belongs to the Internet of Things.

Judging from the 24-hour output of F2Pool, KAS’s output income is currently second only to BTC. DNX’s output has also recovered, sitting in seventh place.

From the perspective of GPU computing power, DNX still ranks first. ZEPH’s computing power has grown rapidly, second only to DNX and ZEPH. As a privacy stablecoin based on POW, ZEPH has received more attention from overseas communities, which has promoted recent growth.

GameFi

From November 7th to 13th, the top three targets with the highest price increases in the Gamefi sector are MEME, ILV and IMX. (Note: Due to too many Gamefi projects, only some projects are included.)

Illuvium

· Available on the Epic Games Store on November 28th.

Stepn

· Stepn and Gas Hero jointly announced that they will issue NFT airdrops in Gas Hero to holders of Genesis and OG shoes in Stepn. Among them, holders of Genesis shoes (including box) can receive 1 BCV + 1 Hero; holders of OG shoes (including box) can receive 1 Hero. Gas Hero is expected to undergo community testing from November 24th to December 8th and use GMT as the game token.

the Sandbox

· The Sandbox cooperates with Aave ecological NFT game Aavegotchi to release a new game Ripples of the Gotchiverse and provides 50,000 SAND and 5,000 GHST as P2E rewards.

· Gucci enters The Sandbox and launches the Gucci Cosmos Land experience.

· Animoca Brands, the parent company of the Sandbox, will receive a US$50 million investment from the Saudi NEOM Investment Fund, of which US$25 million will be through the issuance of convertible notes.