Edition #36 - 30 SEP 2022
Specifically, the TVL recorded in December 2021 stood at a whopping $303.8 billion, only to drop to $96.3 billion in September 2022 – a loss of 68.3%.
Total value locked in DeFi decreased by 10% in the last 30 days, from $106 billion where it stood a month ago, to the current $96.3 billion. Notably, the dominance of Ethereum (ETH) in the DeFi space continues, as it accounts for $56.3 billion or 58.46% of the entire DeFi TVL.
gaming developments
How Axie Infinity creators plan to take crypto gaming by storm once again;
Web3 mobile games brought 1.7 million users to blockchain gaming over the last 7 days;
Highly anticipated NFT game Star Atlas launches playable Demo on Epic Games store;
Illuvium co-founder shares plans for ‘interoperable blockchain game’ model, building an ecosystem of interconnected titles;
Top P2E game Meta Rivals launches on the distressed Terra Classic chain.
metaverses & Adoption
Banks’ crypto asset holdings may be just 0.01% of total risk exposure, Basel study finds;
60% of Latam professionals open to using metaverse tools at work;
NFT trade volume down by 97% as ENS overshadows CryptoPunks and BAYC;
Meta opens NFT sharing for US Facebook and Instagram users;
Bankrupt crypto lender Celsius Network’s CEO Alex Mashinsky resigns;
Binance to help US Government distribute 100k ETH to Centra Tech fraud victims;
Robinhood releases beta version of its Web3 wallet to 10,000 users.
defi
Voyager counsel filed a proposed order last night to authorize its sale to FTX US;
KaJ Labs, the creator behind the Litosphere blockchain, pledges $50 - $100 million to burn 2.5 trillion Terra Classic tokens;
Terra Rebels, the group behind the 1.2% tax burn incentive, release an official Terra Classic roadmap;
Crypto trading platform provider WonderFi to offer equities next year through Bitbuy unit;
USDC stablecoin is coming to Cosmos in 2023.
funding rounds
Strike, a bitcoin payment provider, raises an $80 million Series B, in a round led by Ten31, with participation from Washington University in St. Louis, the University of Wyoming and previous investors.
Theorycraft, a game development studio, raises $50 million in a Series B funding round led by Makers Fund, with participation from NEA and a16z;
MPCH Labs, a web3 security developer, completed its $40 million Series A led by Liberty City Ventures. Other investors included QCP Capital, Ledger Prime, Animoca Ventures, Human Capital and Oak HC FT.
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