📉 DeFi Blue Chips Slide 80% Since 2021 as New Generation Rises

Hello Defiers! Here’s what we’re covering today: News DeFi Blue Chips Slide 80% Since 2021 as New Generation Rises Pixelmon Fiasco Augurs Trouble for Frothy NFT Market What To Do If Metamask Has Stopped Working In Your Country Podcast 🎙Listen to the ...

Hello Defiers! Here’s what we’re covering today:



🎙Listen to the exclusive interview with Gavin Wood:




Handpicked by The Defiant Team

The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

Subscribe now

🙌 Together with:

  • Verse Network by STP, is a Layer 2 for DAOs. Redefining value one DAO at a time.
  • Eden Rocket RPC, providing the fastest private transactions on Ethereum (90%+ hashrate). Trade better anywhere on Ethereum with Eden Rocket RPC.
  • Zerionis Mission Control for Web3: an intuitive DeFi portfolio manager, multichain tracking & trading and the best place to show off your NFT collection
  • Unstoppable Domains, the #1 provider of NFT domains. Own your name on the internet and web3. With no renewal fees you own it for life. Get yours today!

Market Action

📉 DeFi Blue Chips Slide 80% Since 2021 as New Generation Rises

By Samuel Haig

NEWS A new generation of DeFi projects — Terra, Fantom — have had a blistering run in the last 30 days. The old guard, let’s call them DeFi 1.0 blue chips, not so much.

PERFORMANCE We’re talking Uniswap, Aave, MakerDAO, Compound, and other members of that DeFi Summer generation. They command more than $50B in total value locked (TVL) and by that measure, they are as formidable as ever. But when it comes to token performance, well, the new entrants are leaving them in the dust: Uniswap has recorded a 6% increase in the last 30 days compared to a 38.7% jump by Terra’s LUNA token.

TVL The fact is, most DeFi 1.0 blue-chip assets have plummeted by more than 80% against both USD and ETH since the first half of 2021 and no longer rank among the top 50 cryptocurrencies, despite many protocols’ TVLs peaking in Q4 2021. Here’s a rundown of what’s happening:


NFT Market

💥 Pixelmon Fiasco Augurs Trouble for Frothy NFT Market

By yyctrader

INSANE Three weeks ago, Pixelmon, an NFT gaming project on the Ethereum blockchain, raised over $70M in a highly anticipated drop. That’s insane. And you’ll soon learn why.

BOOM he ongoing boom in GameFi and Metaverse NFTs has clearly caused investors to drop their standards when it comes to doing their research. Mainstream media coverage of NFT flippers making millions has led to a fresh influx of fortune hunters looking to strike gold, or in this case, a rare jpeg. Hype and the fear of missing out rule the day, and are a lethal cocktail that enabled Pixelmon to pull it off.

PERKS Drawing on elements from established gaming franchises Pokemon, Minecraft and Fortnite, the project’s roadmap promises Pixelmon NFT holders play-and-earn abilities, future airdrops of in-game assets, and other perks in “the largest and highest quality game the NFT space has ever seen.”

SALE The sale was conducted via a Dutch auction that started at 3 ETH ($9,000) with prices dropping by 0.01 ETH every minute. The entire collection of 10,000 NFTs sold out in an hour and the final buyers ended up paying 2.4 ETH ($7200).



😲 What To Do If MetaMask Has Stopped Working In Your Country

By Brady Dale

NEWS Users in certain countries under U.S. sanctions may have recently discovered that their MetaMask wallets have stopped working. Such a situation is frustrating and it is very un-crypto, but because this is crypto, users have options.

COMPLIANCE Today, MetaMask announced that users in certain geographic areas can’t use it to access the blockchain. “By default, MetaMask accesses the blockchain via Infura, which is unavailable in certain jurisdictions due to legal compliance,” the new post on its support page said.

SHIFT The company has not revealed which embargoed and sanctioned countries have been blocked, but apparently the shift happened recently because it overzealously shut out parts of Latin America that it should not have, according to Decrypt. The discrepancy has since been rectified.


Sponsored Post


Soldex - Solana-built Decentralized Exchange

Soldex is building a flexible, user-friendly crypto exchange platform where you will be able to trade cryptocurrencies with your unique trading bot.

Crypto is volatile, and trading cryptocurrencies is risky. Clouded with emotions, you often make expensive mistakes. With Soldex, you'd have easy-to-setup trading bots that can execute your trading 24/7, without the danger of human error.

You'd be able to customize your bot according to your criteria like risk tolerance, time frame, budget, etc. You'd have access to educational tools to assist you in setting up your bot. Soldex will also let you use AI-powered algorithms created by experienced traders.

Now for the best part.

Soldex's token, $SOLX, is already trading on different exchanges. Imagine what it's like to buy Solana at under $5; that is what it'll feel like to grab some $SOLX now. Being the first AI-powered DEX on Solana, you can imagine what this would do to $SOLX price action.

You're not early. $SOLX recently passed a huge milestone of $1,000,000 staked on the Atrix SOLX-USDC protocol. But you can get in. You can trade and stake $SOLX for 100%+ APY.

Visit soldex.ai today for more details.

The Tube



🔗 Editorial: Russia Can’t Evade Sanctions With Crypto: DeCential

The unfolding unprovoked invasion of Ukraine by Russia is now another tragedy to add to our recent history’s ever-increasing list. On the bright side, the world response through non-violent means has been the most aggressive, coordinated and relatively successful effort in a very long time.

🔗 Investing in Lido: a16z

Ethereum’s upcoming transition from Proof of Work (PoW) to Proof of Stake (PoS) has the potential for cascading effects across the crypto landscape.

🔗 Market Wrap: Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade

Bitcoin (BTC) and stocks traded lower on Thursday as geopolitical risks escalated.

🔗 AAA First-Person Shooter Game Shrapnel Unveils Plans To Build On Avalanche Blockchain: Medium

Shrapnel, the world’s first blockchain-enabled moddable AAA first-person shooter game, has selected Avalanche, the fastest smart contracts platform in the blockchain industry, as the network to underpin a new gaming experience.


Crypto Briefing @Crypto_BriefingFEATURE: @AcalaNetwork is a @Polkadot parachain focused on becoming crypto's go-to DeFi hub. We profile the project for our DeFi Project Spotlight series (via @stankovic_stef)


cryptobriefing.comDeFi Project Spotlight: Acala, Polkadot’s DeFi HubAcala is a high-throughput, future-proof, and DeFi-optimized Polkadot parachain centered around the Acala Dollar stablecoin.11:43 AM ∙ Mar 3, 2022309Likes72Retweets


Terra Daily 🌖 @TerraLUNADailyTerra Influencers of The Month @milesdeutscher @Remi_Tetot @traderrocko @TheMoonMidas @Cephii1 @wolf_of_defi @CryptoHarry_ @Shigeo808 @danku_r @AlphaSeeker21 #TERRA #LUNATICS #LUNA $UST


2:26 PM ∙ Mar 3, 2022101Likes13Retweets

Handpicked by The Defiant Team

🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

Subscribe now

The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr)