📉 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 exclusive interview with Gavin Wood:
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 exclusive interview with Gavin Wood:
Video
Links
- Editorial: Russia Can’t Evade Sanctions With Crypto: DeCential
- Investing in Lido: a16z
- Market Wrap: Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade
- AAA First-Person Shooter Game Shrapnel Unveils Plans To Build On Avalanche Blockchain: Medium
- FEATURE: @AcalaNetwork is a @Polkadot parachain focused on becoming crypto’s go-to DeFi hub: Crypto Briefing
- Terra Influencers of The Month: Terra Daily
Handpicked by The Defiant Team
- Anchor’s TVL Surges to All Time High of $11.7B After Luna Foundation Refills Reserves
- Scaling Breakthroughs and a Thriving Culture: Here’s What I Learned About the State of Web3 at ETHDenver
- NFT Collectors Love Space Doodles Imagery But Not Its Confusing Valuation Model
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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:
👉READ THE FULL STORY IN THE DEFIANT.IO👈
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).
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Wallets
😲 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.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
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The Tube
📺 Real Vision vs. The Defiant: UKRAINE TURNS TO CRYPTO. IS THIS THE MOMENT CRYPTO WENT MAINSTREAM?
Links
🔗 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.
https://twitter.com/Crypto_Briefing/status/1499349843508084741?s=20&t=agGowwcR18I8nLlU7rRp2Ahttps://twitter.com/TerraLUNADaily/status/1499390713850646536?s=20&t=agGowwcR18I8nLlU7rRp2A
Handpicked by The Defiant Team
- Anchor’s TVL Surges to All Time High of $11.7B After Luna Foundation Refills ReservesWith $11.7B in funds locked in, Anchor now has more funds committed to it than it has since the savings application launched on Terra last year, according to DeFiLlama.
- Scaling Breakthroughs and a Thriving Culture: Here’s What I Learned About the State of Web3 at ETHDenver Coming back after a year hiatus, tens of thousands of experienced builders and curious beginners alike descended upon ETH Denver. The conference came at a crucial turning point for the industry as a whole.
- NFT Collectors Love Space Doodles Imagery But Not Its Confusing Valuation Model For all the mojo in NFTs, there’s still a lot of experimentation under way. And sometimes buyers aren’t sure what to make of a new crop of imagery, or new minting systems.
🧑💻 ✍️ 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.
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