# DeFi Insight | “Decentralized” in Name？ By [DeFi Insight](https://paragraph.com/@defi-insight) · 2022-06-20 --- **June 20th, 2022** _Today’s DeFi data&news Brought to you by DeFi Insight_ ![](https://storage.googleapis.com/papyrus_images/47965ca3135c33561f2c9272d8cee1b0cb2560972e4802e372a510741378f27c.jpg) > The supposed “decentralized” lending protocol built on Solana has “voted” to take over a whales account with emergency powers to eliminate the chance of forced liquidation. _@_[_Source_](https://twitter.com/DylanLeClair_/status/1538539508462931970) * * * LATEST NEWS ----------- ### | LENDING ▪ A note to the [Celsius](https://blog.celsius.network/a-note-to-the-celsius-community-e5af1f5a7998) community ▪ [Solend Community’s New Proposal](https://realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5VKxPMnXJUZ1Hn/proposal/3geE5P3D7VJRaNNDVfZciGsXgwGiao1hSNpRM6jWNa5A) to Revoke Previous Takeover of Giant Whale Account Approved ▪ The current [Celsius, 3AC](https://cryptoslate.com/the-current-celsius-3ac-situation-may-not-be-as-bad-as-rumors-suggest/) situation may not be as bad as rumors suggest ### | DEX ▪ [Bancor](https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336)’s Impermanent Loss Protection Temporarily Paused ### | DERIVATIVES ▪ [BitMEX](https://tokeninsight.com/en/news/bitmex-founder-expect-more-forced-selling-of-btc-and-eth) Founder: Expect More Forced Selling of $BTC and $ETH ### | POLICY®ULATION ▪ [Russia](https://beincrypto.com/russia-develops-blockchain-system-to-replace-swift/) Develops Blockchain System to Replace Swift ▪ [SIX Digital Exchange](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bitcoin-fed-rates-06-14-2022/card/six-digital-exchange-postpones-crypto-services-launch-mFxTyaqVFOTvYa80ViGk) Postpones Crypto Services Launch ### | MINING ▪ Crypto [Miners](https://beincrypto.com/crypto-miners-iran-blackout-mining-unprofitable/) in Iran to Face Blackout as Mining Becomes Unprofitable ▪ Marathon Digital keeps on [mining](https://cointelegraph.com/news/marathon-digital-keeps-on-mining-despite-btc-price-slump) despite BTC price slump ### | NFT ▪ Christie’s [NFT](https://twitter.com/NonFungibleNoah/status/1538584141419143168?s=20&t=ToLkX6zK5cokmgSKqjFyzA) Head Noah Davis Will Serve as Brand Lead for CryptoPunks ### | FUND ▪ Emerging Crypto Art Platform [Outland](https://cryptonews.com/news/emerging-crypto-art-platform-outland-raises-5m-seed-round-led-by-okg-ventures.htm) Raises USD 5M Seed Round Led by OKG Ventures ### | OPINION ▪ [Hard Times](https://www.coindesk.com/markets/2022/06/19/hard-times-in-crypto-lead-to-price-and-macro-risk/) in Crypto Lead to Price and Macro Risk ▪ The [CEO of FTX](https://fortune.com/2022/06/20/sam-bankman-fried-ftx-ceo-crypto-bitcoin-crash-federal-reserve-interest-rates/) blames the crypto crash on the Fed hiking interest rates ▪ Bitcoin investments will grow ‘immensely’: [El Salvador president](https://forkast.news/headlines/bitcoin-invest-grow-el-salvador-president/?utm_source=blockworks-research) ▪ ‘Decentralization Proves To Be an Illusion,’ [BIS Says](https://blockworks.co/decentralization-proves-to-be-an-illusion-bis-says/) ▪ [Kevin O’Leary Says](https://news.bitcoin.com/kevin-oleary-says-he-wont-sell-any-crypto-despite-downturn-you-just-have-to-stomach-it/) He Won’t Sell Any Crypto Despite Downturn — ‘You Just Have to Stomach It’ * * * Data & Analysis --------------- ### ▶ Total Value Locked (TVL) The current total locked volume of DeFi on the entire network is US $71.52 billion, a 24-hour increase of 1.91%. ![](https://storage.googleapis.com/papyrus_images/4b60b8b7060573e03babe1321395b698ab87483636740ec6cdc5054adf4025d9.png) ### | TOP 10 Chains by TVL ![](https://storage.googleapis.com/papyrus_images/a14c5817ee5cb3de0af9ce739fe99dbd5ca4e42dc020e505c23e1e9548543863.png) ### | Top 10 Projects by Latest TVL ![](https://storage.googleapis.com/papyrus_images/5c8d2156a3821a1563c75843034c7cbae94cb5469ce7092c886265a768d32805.png) ### | Top 10 Projects by the TVL Growth in the Last 24h ![](https://storage.googleapis.com/papyrus_images/bb39ed4e3add5e97ed2b388354f27cdabec842ef704754e7022fc7de26488b99.png) ▶ Protocol Revenue ------------------ ### | Top projects by cumulative total revenue ( 24H) \_Blockchains (L1) ![](https://storage.googleapis.com/papyrus_images/668ad9b4d56d8adaf275960652dfe579690e08e5427a2d6068473041e94810b2.png) ### | Top projects by cumulative total revenue ( 24H) \_Dapps (L2) ![](https://storage.googleapis.com/papyrus_images/7ee42cf9678fcf9ba06f3f4b6f31fb761fa33d1888b42bfa38c99439233b6a83.png) ### | Daily revenue for Top 10 Exchanges ![](https://storage.googleapis.com/papyrus_images/2ba17f070651af4c9ad40d1186e2af5f4902aac52d617de6e60ba3ef53f706d8.png) ### | Daily revenue for Top 10 Lending Protocol ![](https://storage.googleapis.com/papyrus_images/a2ad0b23e3f57c902cc4539099dc3652172658e2d0632410c45608e112c428ad.png) * * * DEEP DIVE --------- ▪ FEARS OF [**FURTHER CONTAGION**](https://bitcoinmagazine.com/markets/fears-of-further-contagion-in-the-bitcoin-market) IN THE BITCOIN MARKET [https://bitcoinmagazine.com/markets/fears-of-further-contagion-in-the-bitcoin-market](https://bitcoinmagazine.com/markets/fears-of-further-contagion-in-the-bitcoin-market) ▪ The Great DeFi [**Deleveraging**](https://insights.glassnode.com/the-great-defi-deleveraging/) [https://insights.glassnode.com/the-great-defi-deleveraging/](https://insights.glassnode.com/the-great-defi-deleveraging/) **▪** [**How Low**](https://nulltx.com/how-low-will-bitcoin-ethereum-solana-xrp-price-go/) Will Bitcoin, Ethereum, Solana, XRP Price Go? [https://nulltx.com/how-low-will-bitcoin-ethereum-solana-xrp-price-go/](https://nulltx.com/how-low-will-bitcoin-ethereum-solana-xrp-price-go/) **▪** [**How**](https://blog.chainalysis.com/reports/2022-crypto-market-contagion-defi-web3-risk/) the Crypto Industry Can Leverage Blockchains’ Transparency to Understand and Prevent Market Contagion [https://blog.chainalysis.com/reports/2022-crypto-market-contagion-defi-web3-risk/](https://blog.chainalysis.com/reports/2022-crypto-market-contagion-defi-web3-risk/) * * * REPORT ------ **▪** [**How**](https://crypto.com/research/connection-between-cryptocurrency-and-financial-markets/) the Cryptocurrency and Financial Markets Are Connected \[June 2022 Scholar\]\_crypto > Cryptocurrency is the latest form of money. However, is the crypto market connected to the traditional money market? This paper finds that stablecoins link them together. ▪ Current [**State**](https://www.theblockresearch.com/current-state-of-nfts-152839) of NFTs\_theblockresearch ▪ The [**Theory**](https://messari.io/article/the-theory-of-relativity) of Relativity\_messari **▪** [**New Layer 1 Blockchains**](https://blog.chainalysis.com/reports/web3-layer-1-blockchains/) Are Expanding the DeFi Ecosystem But No Eth Killers Yet\_chainalysis * * * **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-decentralized-in-name)*