46% of the total buying and selling volume on Jupiter was routed through private AMMs. The US SEC clarified that sure liquid staking actions are not securities offerings. Chainlink delivers the worth of main US equities on-chain.
Fast Take
- Over 40% of total buying and selling volume on Jupiter flows through private or proprietary AMMs.
- The US Securities and Trade Fee (SEC) clarified that liquid staking actions do not constitute securities offerings.
- Chainlink launched its Information Streams market knowledge service which delivers real-time pricing for main US equities and exchange-traded funds (ETFs) immediately on-chain.
- Hyperliquid skilled a short lived outage on 30 July and introduced refunds for affected customers.
- Circle is planning to deploy its Cross-Chain Switch Protocol (CCTP) v2 and native USDC to Hyperliquid.
- World Liberty Monetary (WLFI) invested US$10 million in Falcon Finance to assist the growth of stablecoin infrastructure to enhance liquidity and interoperability between Falcon USD (USDf) and World Liberty Monetary USD (USD1).
- BounceBit partnered with Franklin Templeton to deliver the latter’s tokenised cash market fund into BounceBit’s structured yield platform, BB Prime.
- Phantom acquired on-chain buying and selling terminal SolSniper.
- Solana-based DeFi lender Credix suffered a $4.5 million exploit after a hacker took over an administrator’s pockets and drained liquidity swimming pools.
Weekly DeFi Index
This week, the market capitalisation and volume indices dropped by -8.44% and -19.06%, respectively, whereas the volatility index grew by +25.41%.
Chart of the Week
There’s a vital shift in Solana’s DeFi panorama, exhibiting that private automated market makers (AMMs) are rapidly gaining market share over conventional public swimming pools. Based mostly on a four-week common, 46% of total buying and selling volume on Jupiter, the present main DEX aggregator on Solana, now flows through private or proprietary AMMs similar to SolFi, ZeroFi, and Obric.
Private AMMs have gained vital market share in the previous six months regardless of being closed-source and fewer clear. They supply private, off-chain worth quotes mixed with on-chain commerce execution, relying on vault-based liquidity and executing trades through aggregators with out public frontends.
This development raised concerns about centralisation as the management over liquidity and stream is in the palms of just a few actors, weakening DeFi’s decentralisation.
Information Highlights
- The US SEC clarified that sure cryptocurrency liquid staking actions do not constitute securities offerings. This clarification goals to supply clearer steering on digital asset rules.
- Derivatives DEX Hyperliquid skilled a short lived outage on 30 July because of a major spike in site visitors. The group introduced that they’ll refund affected users and are working on enhancements.
- Circle is planning to deploy its Cross-Chain Transfer Protocol (CCTP) v2 and native USDC to Hyperliquid. This transfer goals to enhance liquidity high quality, scale back bridge threat, and streamline treasury rebalancing and cross-chain onboarding for customers and builders. The rollout will happen on HyperEVM, enabling deposits to HyperCore and integration throughout HyperEVM apps.
- World Liberty Monetary (WLFI), a DeFi platform affiliated with US President Donald Trump, invested US$10 million in Falcon Finance to assist the growth of stablecoin infrastructure geared toward bettering liquidity and interoperability between Falcon USD (USDf) and World Liberty Monetary USD (USD1) stablecoins.
- Crypto infrastructure supplier BounceBit partnered with Franklin Templeton to deliver the latter’s tokenised cash market fund into BounceBit’s structured yield platform, BB Prime. This collaboration combines US Treasury yields with crypto funding and foundation arbitrage methods, permitting traders to reap Treasury yields whereas including extra return sources.
- Solana-based pockets Phantom acquired SolSniper, an on-chain buying and selling terminal for meme cash and NFTs. SolSniper’s automated sniping and pockets monitoring options shall be built-in into the Phantom pockets.
- Solana-based DeFi lending protocol Credix suffered a $4.5 million exploit after a hacker took over an administrator’s pockets and drained liquidity swimming pools. Credix pledged to reimburse affected customers inside 24 to 48 hours.
Latest Analysis Experiences
to know extra? Entry unique experiences by signing up as a Private member, becoming a member of our Crypto.com Exchange VIP Programme, or gathering a Loaded Lions NFT.
We’re all ears.
Your suggestions helps make our reporting extra insightful. Inform us how we are able to enhance this text by taking the survey beneath. It would take lower than a minute of your time. Thanks!
Authors
Analysis and Insights Workforce
Get the newest market, DeFi & NFT updates delivered to your inbox:
Be the first to listen to about new insights:
Disclaimer
The knowledge on this report is supplied as basic market commentary by Crypto.com and its associates, and does not constitute any monetary, funding, authorized, tax, or some other recommendation. This report is not supposed to supply or suggest any entry to merchandise and/or providers. Whereas we endeavour to publish and keep correct info, we do not assure the accuracy, completeness, or usefulness of any info on this report nor will we undertake nor endorse, nor are we chargeable for, the accuracy or reliability of any info submitted by different events.
This report is not directed or supposed for distribution to, or use by, any particular person or entity who’s a citizen or resident of, or positioned in a jurisdiction, the place such distribution or use could be opposite to relevant legislation or that would topic Crypto.com and/or its associates to any registration or licensing requirement.
The manufacturers and the logos showing on this report are registered emblems of their respective house owners.
