Advertisement

📈Tokenized Real-World Assets Reach Record $17B Valuation

GM Defiers!

Tokenized real-world assets (RWAs) hit an all-time high of $17.1 billion in January, while Bitcoin dominance reached a new cycle high, surpassing 61.6%.

In other news, DeFi lenders saw record liquidations amid the weekend's market volatility, and THORChain proposed issuing TCY tokens to address its $200 million debt crisis.

✍️ In today’s newsletter:

  • Tokenized real-world assets surge to record $17 billion
  • THORChain proposes equity token to tackle $200 million debt
  • Uniswap aims to change DEX game again with v4’s “hooks”
  • Chainlink aims to become crypto’s benchmark index provider
  • OpenSea V2 beta testers claim platform copied Blur
  • Raydium’s monthly volume surpasses Uniswap for the first time
  • Bitcoin dominance reaches new cycle peak
  • DeFi lenders handle nearly $300 million in liquidations on Feb. 3
  • Crypto markets in recovery after flash crash and rebound

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

High Gain by Kelp gets you ~20%+ APY on ETH by leveraging blue-chip strategies with rsETH on Aave, Pendle, Usual and Elixir. On depositing, mint hgETH and stay liquid in DeFi while earning rewards!

the-defiant

📈Tokenized Real-World Assets Hit All-time High of $17 Billion

Tokenized real-world assets (RWAs) hit a record market cap of $17.1 billion on Feb. 1. Excluding stablecoins, private credit made up the bulk of tokenized RWAs, accounting for $11.9 billion, or 70% of the total.

🚨Uniswap Seeks to Change DEX Game Again With v4’s “Hooks”

Uniswap Labs' v4 update introduced hooks and flash accounting to improve flexibility and efficiency. Hooks allow developers to customize pools, swaps, fees, and liquidity positions (LPs).

🗣️Chainlink Wants to Become Crypto’s Benchmark Index Provider

Chainlink is positioning itself to become the top index provider in the industry. On Thursday, the company announced its DeFi Yield Index (CDY Index), a new data product offering real-time lending rate data from DeFi platforms.

📝THORChain Proposes TCY Equity Tokens to Address $200 Million Debt Crisis

THORChain announced plans to issue a new equity token, Thorchain Yield (TCY), to address its $200 million debt crisis. The initiative, part of “Proposal 6,” aims to convert debt into equity by distributing TCY tokens to creditors.

©️OpenSea’s V2 Beta Testers Accuse the Platform of Copying Blur

OpenSea is facing criticism as it prepares to launch OpenSea 2.0, with some users accusing the platform of copying features from competitor Blur.

📊Raydium Monthly Volume Surpassed Uniswap for the First Time in January

Raydium, Solana's largest DEX by total value locked (TVL), claimed the largest share of monthly DEX volume in January, surpassing Uniswap for the first time.

⬆️Bitcoin Dominance Hits New Cycle High

Bitcoin dominance (BTC.D) reached a new cycle high of 61.6% after a weekend surge in altcoin liquidations, its highest level since March 2021.

💰DeFi Lenders Processed Nearly $300 Million of Liquidations on Feb. 3

As crypto markets plunged on Monday, DeFi lenders including Aave, Compound, and Sky liquidated $207.84 million, $78 million, and $7.61 million, respectively, totaling $293 million.

📢Flash Crash and Rebound Leave Crypto In Recovery Mode

Crypto markets entered recovery mode on Monday afternoon with Bitcoin briefly rising above $102,000 after dipping below $93,000 earlier in the morning.

🌍 ELSEWHERE

  • Bitcoin headed to $500K, says Gryphon CEO: ‘Nothing has changed' (TheStreet)
  • Coinbase urges US regulators to clear path for banks to offer crypto services (Reuters)
  • MicroStrategy’s financial gambit hits a bump with new stock deal (Bloomberg)

🔥TRENDING