1/ 📡Here is the monthly catch-up of Global #DeFi market analysis for AUGUST '22. Last one is here below with some conclusions about Smart Money moves. August was pretty quiet and #realyield submerges CT. So Where are we in #DeFi ?
2/ TVL on #DeFiLlama is at 60b$ at 31/Aug, Decreasing by -12% since end of July.
3/ On the other hand, #crypto total market cap did not manage to hold the 1b$ threshold and sitting now at 0,96b compared to 1,075b end of July, so -10,4% decrease.
4/ I also check one Defi Index made by @FTX_Official being the Defi-Perp chart. The index is made up of the following tokens. Here market cap has shrinked by -21% in one month.
5/ Now according to @TheBlock__ stablecoin MC is at 143b$, stable since end of July. No real move on the overall, but some internal movements from $USDC to $USDT and $BUSD whith the latest going crosschain recently.
6/ $EURO stablecoin is however becoming more and more important. This can be seen with $EUROC sitting at a MC of 76m$ x76 in 1 month !
7/ this is also increased by the fact that #CME opens #Bitcoin & #Ethereum futures paired in €Euro.
8/ This is i guess driven by the fact that EUR-USD reaches an all time low since 20 years trading below 1$.
9/17 Stablecoin is becoming the new narrative in 2022. Now it's the turn of @CurveFinance
to leak their newstablecoin will likely be released in September, and that is driving some accumulations from whales & institutions
https://twitter.com/0xroborosCap/status/1565000954566815745?s=20&t=cyFcWZJgbepHoMIQ3rIZ-w
10/ Conclusion of this month, smart money did not really move on August, which is as usual a pretty quiet moment on the financial market.