FTX's DeFi reverberations and how Uniswap's volume compares with centralized exchanges

Note: Dose volition beryllium disconnected adjacent week eating turkey for Thanksgiving!

Given the events of the past fewer weeks, it seems similar nary trading table is harmless from the contagion of the FTX Collapse. DeFi fared well, due to the fact that you can’t negociate with a astute contract. Still, determination volition beryllium repercussions to DeFi and on-chain activity. The carnivore marketplace has already led to the lowest DEX volumes successful 2 years.

The tweet supra points to outflows from on-chain uncollateralized lending platforms arsenic their people clientele (market makers) shrink backmost their engagement arsenic recognition tightens crossed the board. There mightiness beryllium different downstream effects connected caller DeFi products that whitethorn not find a marketplace successful this hazard appetite environment.

Read more: [The Defiant] Unsecured DeFi lenders look shaky successful look of FTX contagion

Uniswap has nary adjacent successful the DeFi world, wherever it occupies much than 85% of the marketplace share. Its competitors are the large CeFi exchanges. The illustration supra - taken from an Alastor study for Uniswap Governance - shows conscionable however competitory it is with the centralized players with 15% of non-BTC/stable marketshare successful Q3, 2nd down Binance. The illness of the #3 speech volition beryllium an accidental for Uniswap to turn marketshare, particularly arsenic investors present recognize the entreaty of DeFi’s transparency and sovereignty. Given that Binance’s DEX astir apt occupies astir 1% of wide marketplace measurement - I wonderment what it expects the DEX/CEX marketplace stock divided to beryllium successful 2-3 years?

The report from Alastor has tons of different large info, peculiarly connected the interest market.

• dYdX launches elemental swap mode Link

• MakerDAO tightens indebtedness ceilings successful aftermath of FTX autumn Link

• Yearn launches Cowswap solver, commits to settling strategies done CoW Link

• Cosmos assemblage fails to o.k. ATOM 2.0 whitepaper Link

• Aave votes to escaped REN marketplace due to the fact that of links to FTX Link

• It ever was and ever volition beryllium astir decentralization [Joseph Lubin/Consensys]

• The ZK everything study [Eshita Nandini & Jerry Sun/Messari]

• How Alameda blew up [Michael Feng/Hummingbot]

• The illness of Alameda and FTX [Nansen]

• Musings connected existent governmental dynamics successful Washington [Nic Carter/Castle Island]

That’s it! Feedback appreciated. Just deed reply. Written successful Nashville, wherever it is c-o-l-d.

Dose of DeFi is written by Chris Powers, with assistance from Denis Suslov and Financial Content Lab. Caney Fork, which owns Dose of DeFi, is simply a contributor to DXdao and benefits financially from it and its products’ success. All contented is for informational purposes and is not intended arsenic concern advice.