# DeFi Insight | A Framework for Evaluating Layer 1s By [DeFi Insight](https://paragraph.com/@defi-insight) · 2022-07-07 --- **July 7th, 2022** _Today’s DeFi data&news Brought to you by DeFi Insight_ ![](https://storage.googleapis.com/papyrus_images/84bd905944779e9f3206a36187e566adf9ae77069662b8526741e7cf60aac2a1.jpg) > “How the hell can you evaluate these things? What’s the appropriate framework? What key metrics and fundamentals should investors be looking for when evaluating the Layer 1 landscape? > > Layer 1s — specifically smart contract networks — have a ton of variables that could result in growth. > > But what are the quantifiable ones that we can look for?_.” @_[_Source_](https://newsletter.banklesshq.com/p/a-framework-for-evaluating-layer) * * * LATEST NEWS ----------- ### | LENDING ▪ [Celsius](https://blockworks.co/celsius-reorganizes-board-of-directors-amid-liquidity-issues/) Reorganizes Board of Directors Amid Liquidity Issues ▪ [OpenLeverage](https://twitter.com/OpenLeverage/status/1544872693434302466)’s $OLE Airdrop Available to Claim at 10am UTC Today ▪ [BlockFi](https://cryptoslate.com/blockfi-confirms-it-holds-50-of-client-funds-in-short-term-positions-with-10-in-collateral/) confirms it holds 50% of client funds in short-term positions with 10% in collateral ### | EXCHANGE ▪ [FTX](https://beincrypto.com/ftx-derivatives-play-pushback-from-wall-street/) Derivatives Play Faces Pushback From Wall Street ▪ Crypto Exchange [Bitstamp](https://www.bloomberg.com/news/articles/2022-07-06/crypto-exchange-bitstamp-cancels-plans-for-inactivity-fees?srnd=cryptocurrencies-v2) Cancels Plans for ‘Inactivity Fee’ ▪ [Sam Bankman-Fried](https://decrypt.co/104570/sam-bankman-fried-alameda-research-bankrupt-voyager-377m)’s Alameda Research Owes Bankrupt Voyager $377M ### | STABLECOIN ▪ How We [Minimize Risk](https://www.circle.com/blog/usdc-trust-transparency-minimizing-risk) ### | MERGE ▪ [Ethereum testnet Merge](https://cointelegraph.com/news/sepolia-testnet-merge-mostly-successful-hiccups-will-not-delay-the-merge) mostly successful — ‘Hiccups will not delay the Merge.’ ### | INSURANCE ▪ [FDIC insurance](https://www.cryptopolitan.com/fdic-doesnt-protect-voyager-bankruptcy/) doesn’t protect Voyager against bankruptcy, says MCB ### | PAYMENT ▪ Elon Musk’s [Boring Company](https://edition.cnn.com/2022/07/06/business/boring-company-dogecoin-vegas/index.html) will let you pay f or a ride with Dogecoin ### | MINING ▪ WILL [MARATHON DIGITAL](https://bitcoinmagazine.com/business/will-marathon-digital-join-other-miners-in-selling-bitcoin-ceo-weighs-in) JOIN OTHER MINERS IN SELLING BITCOIN? CEO WEIGHS IN ▪ [Argo Blockchain](https://www.proactiveinvestors.com/companies/news/986855/argo-blockchain-steps-up-bitcoin-mining-output-hires-derivatives-trader-986855.html) steps up bitcoin mining output, hires derivatives trader ### | POLICY®ULATION ▪ [UK to Introduce Legislation](https://www.coindesk.com/policy/2022/07/06/uk-to-introduce-legislation-on-stablecoins-by-august-boes-cunliffe/) on Stablecoins by August: BoE’s Cunliffe ### | NFT ▪ [Magic Eden](https://www.prnewswire.com/news-releases/magic-eden-partners-with-tomorrowland-to-revolutionize-festival-experience-301581618.html) Partners with Tomorrowland to Revolutionize Festival Experience ▪ The [founder of the Baller Ape Club NFT](https://nftnewspro.com/the-founder-of-the-baller-ape-club-nft-could-go-to-prison-for-up-to-40-years/) could go to prison for up to 40 years ### | FUND ▪ Gaming-Focused [Konvoy Ventures](https://www.pymnts.com/blockchain/2022/gaming-focused-konvoy-ventures-raises-150m-with-eye-on-blockchain/) Raises $150M With Eye on Blockchain ▪ [Ondo Finance](https://www.theblock.co/post/156116/ondo-finance-raises-10-million-in-public-token-sale) raises $10 million in public token sale ▪ Social Infrastructure Startup [Intros](https://www.forbes.com/sites/frederickdaso/2022/07/06/social-infrastructure-startup-intros-raises-13m-to-automate-community-member-introductions/?sh=21f960cf5668) Raises $1.3M To Automate Community Member Introductions ▪ Early-stage Franco-German VC [XAnge](https://sifted.eu/articles/xange-vc-220m-fund-early-stage/) raises €220m * * * Data & Analysis --------------- ### ▶ Total Value Locked (TVL) The current total locked volume of DeFi on the entire network is US $76.93 billion, a 24-hour increase of 1.17%. ![](https://storage.googleapis.com/papyrus_images/a8507af04a681608cb774aeb0b9b06187866a07acf4151d04cf5dfc62fd79e5f.png) ### | TOP 10 Chains by TVL ![](https://storage.googleapis.com/papyrus_images/0ef8364b24c0fa94b109b5c0ede34081bc3cc90cc2e00d7ca2311e3d0e9427aa.png) ### | Top 10 Projects by Latest TVL ![](https://storage.googleapis.com/papyrus_images/59282ce5b20b4c78d0eb65db34e44bb63095e1af1d1381bfd6c8afd46c501965.png) ### | Top 10 Projects by the TVL Growth in the Last 24h ![](https://storage.googleapis.com/papyrus_images/a24441fc2a24837eca6572123b86415d4b39e8203a437c9518ecf76c23a6bb0f.png) ▶ Protocol Revenue ------------------ ### | Top projects by cumulative total revenue ( 24H) \_Blockchains (L1) ![](https://storage.googleapis.com/papyrus_images/c91644aec1a15971ac25c1d4826b6f794b3cc753831363e9998f5a0af9f42890.png) ### | Top projects by cumulative total revenue ( 24H) \_Dapps (L2) ![](https://storage.googleapis.com/papyrus_images/3df6faedfeb25235956bed69343bc2157b399468ad3b2d2bcbc06de6c8a492f3.png) ### | Daily revenue for Top 10 Exchanges ![](https://storage.googleapis.com/papyrus_images/fc99d43aa4aa2f6c505429379f8753caa0cd414ca07d4cae372301c9ac345f23.png) ### | Daily revenue for Top 10 Lending Protocol ![](https://storage.googleapis.com/papyrus_images/306c490c0f036fd3fdce98992e0a353a1d81a86adc73a625a528ce2deb056ee8.png) * * * DEEP DIVE ========= **▪ Market Pulse:** [**ETH 2.0**](https://insights.glassnode.com/market-pulse-eth-stakers-underwater/) **Stakers Are Underwater** [https://insights.glassnode.com/market-pulse-eth-stakers-underwater/](https://insights.glassnode.com/market-pulse-eth-stakers-underwater/) **▪** [**NFTs Crashed,**](https://tokeninsight.com/en/research/market-analysis/nfts-crashed-now-what) **Now What?** [https://tokeninsight.com/en/research/market-analysis/nfts-crashed-now-what](https://tokeninsight.com/en/research/market-analysis/nfts-crashed-now-what) **▪ How a** [**fake job offer**](https://www.theblock.co/post/156038/how-a-fake-job-offer-took-down-the-worlds-most-popular-crypto-game) **took down the world’s most popular crypto game** [https://www.theblock.co/post/156038/how-a-fake-job-offer-took-down-the-worlds-most-popular-crypto-game](https://www.theblock.co/post/156038/how-a-fake-job-offer-took-down-the-worlds-most-popular-crypto-game) * * * REPORT ------ **▪** [**Solana**](https://coinshares.com/research/solana-asset-highlight-1) **Asset Highlight**\_coinshares > Solana aims to be a single, censorship-resistant network to maximise the minimum number of independent parties who can disrupt the flow of information, fully replicate all the information and propagates every piece of information to everyone, everywhere, as fast as possible. > > This report simplifies and clarifies what Solana is and what it does; the problem Solana tries to solve and its development since its launch; its strengths and weaknesses, and opportunities and threats. Furthermore, it covers the people behind the protocol, the core components and network participants within the protocol. **▪** [**Crypto Bear Market Retrospective**](https://messari.io/article/crypto-bear-market-retrospective-lessons-learned-and-projects-built)**: Lessons Learned and Projects Built**\_messari **▪ The Current State of Bitcoin** [**ASIC**](https://www.theblockresearch.com/current-state-bitcoin-asic-marketplace-155013) **Marketplace**\_theblockresearch **▪** [**ENS**](https://members.delphidigital.io/reports/ens-ninas-super-cool-world-degods)**, Nina’s Super Cool World & DeGods**\_delphidigital **▪** [**Solana**](https://mirror.xyz/0x9b7e7c5B53081d0C6d09b91F13783D58B772b011/9DbFGo2Xp7WPRyx0J9MMDrTEePpFnEArr5vBLcvM5UI) **Project Revenue Weekly Report 7/7/2022**\_AlphaPro * * * **About:** DeFi Insight is a your source for top DeFi and Crypto news and updates. **❤ Twitter:** [**https://twitter.com/AlphaPro\_io**](https://twitter.com/AlphaPro_io) The information presented should be considered developing news and not investment advice. --- *Originally published on [DeFi Insight](https://paragraph.com/@defi-insight/defi-insight-a-framework-for-evaluating-layer-1s)*