WeekFi Recap!A week for Loot

TI Research

WeekFi is a DeFi weekly report launched by the TokenInsight team. It is published every Monday or Tuesday in the form of a PDF report, trying to show readers a complete picture of the DeFi market or NFT market in the past week.

Loot is the most hotspot this week. With no signals, its floor price surges to 12 ETH in 7 days. Its unique addresses break 2.5k and its trading volume surged 5,043% this week. What is Loot? And what can you do with Loot? This week we cover some Loot details for you to help to understand the whole thing.  

As for the market data, the DEX spot volume rose, Uniswap and Sushiswap’s weekly volume increased 25%. It may be partially because of the activity of Loot. However, the volume of Opensea seems shrunk a lot this week. Although we saw a peak at the beginning of this week ($323m, 8.29), the volume decreased over 50% to $138m by the end of Sep 2. This is not a healthy signal. 

This week, Ethereum L2 solution Arbitrum finally launched with a fresh $120 million from a Series B funding round led by Lightspeed Venture Partners. The differences between Arbitrum and competitors like Optimism are subtle, but in general, Arbitrum is likely to have cheaper transaction fees long term and will function more predictably during times of high Ethereum L1 congestion.

Fantom announced a rewards program intending to distribute 370 million FTM to users of DeFi protocols that were set up on Fantom. Solana has started the new global hackathon. Alpha Finance announced the new liquidity mining.

Want to know more about what happened this week? Check out the latest DeFi Weekly by TokenInsight.



TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

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