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Ethereum Locked in DeFi

MakerDAO still accounts for a lion’s share of ETH locked up in collateral, with about 1.76 million of ETH locked up. Barring Uniswap, which showed a promising growth of 20% w/w, everything else showed w/w declines.

w/w growth in ETH locked
Source: defipulse.com

Lightning Network Growth

Capacity per channel showed a moderate growth of 1% w/w. The total number of nodes also increased w/w by 1%, while the total number of channels decreased by 2%.

w/w growth in LN Stats
Source: 1ml.com

(For reference, some previous articles on LN, here).

DEX Tracker

Trading volumes on DEXs have increased on a w/w basis, with the average daily trading volume averaging 35k ETH for this week. IDEX remains the biggest DEX in terms of trading volume and DAI is the highest traded cryptocurrency on DEXs.

DEX Tracker
Source: dex.watch

(For reference, some previous articles on DEXs, here and here).

Crypto Loans Tracker

Compound Loans:
Total loans issued on Compound for the last week stands at approx. $2.1 million for the week, a steep increase from $1.2 million in the previous week. WETH is the most borrowed cryptocurrency on Compound followed by DAI and BAT.

Compound loans tracker
Source: loanscan.io

Dharma Loans:
Total loans issued on Dharma Lever for the last week stands at approx. $480k for the week, a significant decline from the previous week. DAI is the most borrowed cryptocurrency on Compound followed by WETH and USDC.

Dharma Loans
Source: loanscan.io

MakerDAO Loans:
DAI loans issued on MakerDAO for this week stand at ~$1.7 million, a moderate increase from last week. The total outstanding DAI debt currently stands at ~$83 million.

MakerDao Loans
Source: loanscan.io

(For reference, some previous articles on MakerDao, here and here).
You can also check out last week’s Metrics Watch here.

What We’re Reading / Listening To

Bitcoin – The Unseizable Asset by Rayne Steinberg
Bitcoin Sign Guy: The Legend of the Sign

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Satoshi&Co Daily Crypto Newsletter

By Ramani Ramachandran and Rohit Alluri

ZPX - Daily Crypto Update