Yearn, the yield aggregator, has introduced new tokenomics and its YFI token jumped 87.1% in the seven days.

The apparent catalyst for YFI’s momentum is the token’s revamped tokenomics which says the mechanics will create a “black hole “for YFI, meaning supply will come off the market through token buybacks and staking.

SOURCE: https://thedefiant.io/yearn-tokenomics-change/

1998: 200M Internet Users

2021: 200M Crypto Users

WGMI

Binance’s cash margined open interest back to pre-correction signaling an increase in investor sentiment.

Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 8,764,082 ETH

🎧 New Podcast Episode: This Week in Crypto: (SEC Postpones Decisions on Bitcoin ETFs, Uniswap Deploys on Polygon, Rari Capital and Fei M&A)

https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-SEC-Postpones-Decisions-on-Bitcoin-ETFs--Uniswap-Deploys-on-Polygon--Rari-Capital-and-Fei-MA-e1c29qj

📰 The weekly Coinstack newsletter is out:

Crypto: 2021 In Review: Part 2

https://coinstack.substack.com/p/crypto-2021-in-review-part-2

1. Crypto: 2021 in Review
- NFTs Go Mainstream
- The Year of the Crypto Hedge Fund
- The Year Fundamentals Started to Matter in Crypto
- China Makes a Major Geopolitical Blunder Banning Bitcoin
- Digital Assets Finally Get Taken Seriously in D.C.

2. This Week in Crypto
🗞️ Top Weekly News
💵 Weekly Fundraises
📊 Key Stats
📝 Report Highlights
🎧 Best Podcasts
📈 Top 10 Performers

3. The NFT of the Week By Mrs. Bubble - Happy Dragon - $2 NFTs

4. Coming Soon: NFT Art & Culture Section By Mrs. Bubble

5. Coinstack Podcast Episodes

6. Top 30: A Good Long-Term Crypto Portfolio

7. Join Our Telegram Group

8. Who We’re Following on Crypto Twitter

How to Get Started in Crypto Learning

Want to get your first ever NFT for Christmas?

Coinstack featured NFT artist Mrs. Bubble has a special $2 NFT as her latest mint...

BUBBLE #136 - Happy Dragon

Available for just $2 (0.0005 ETH) on OpenSea this week only.

View Now: https://bit.ly/3ekPX5j and buy with your Metamask wallet

🦄🌈

Anchor, Terra’s stable yield protocol hits $10B in TVL this year accounting for 43% of Terra’s total value locked.

Terra’s native stablecoin, UST just flipped DAI as the fourth largest stablecoin with a $9.2B market cap.

UST experienced extreme growth of ~50x in 2021 and is the only decentralized stablecoin among the top 5.

The DeFi sector started an exponential growth curve in market capitalization, climbing from $21B to over $148B in 12 months (7x).

DeFi’s market cap growth also outpaced wider market growth materially. DeFi’s ‘dominance’ made 3 new all-time-highs with the ratio now standing at 6.2%.

SOURCE: https://decentralparkcapital.substack.com/p/2021-21-graphs-that-defined-the-year

Adidas Originals: Into The Metaverse

A lot of big brands tried to enter the NFT space through 2021, but Adidas seems one of the most committed.

Into the Metaverse is a new NFT collection comprising virtual wearables that can be used on various platforms, with physical items to match! The project is a collaboration with several NFT communities like BAYC and Punks Comic.

Firstly, the total supply is 30,000. So far, the project has done more than 16,000 sales, and over $50 Million in total volume.

SOURCE: https://dunedigest.substack.com/p/dune-digest-11

“The black line shows the correlation between bitcoin and the S&P 500, the index that represents the U.S. stock market. If equities are generally a risk-on bet (compared to bonds), then one would assume bitcoin would be highly correlated to the index or at least move in that direction.

Except, well… no, it’s not. At its peak two months ago, the 90-day correlation coefficient between bitcoin and the S&P 500 peaked at around 0.31 indicating a weak correlation.”

SOURCE: https://www.coindesk.com/markets/2021/12/26/why-portfolio-managers-will-need-to-look-at-altcoins-in-2022/

According to Footprint Analytics, Arbitrum has contributed 41.88% of all Layer 2 TVL, totaling $2.25 billion as of Dec. 8. Arbitrum is now the leading player of all Layer 2 networks.

SOURCE: https://cryptoslate.com/3-reasons-why-arbitrum-tvl-leads-in-ethereum-layer-2/

A reasonably large volume cluster has been established in this weeks price range, equivalent to 2.214M BTC (11.7% of supply).

This indicates that a non-trivial degree of demand has been mobilsed during the consolidation, with a large proportion of coins changing hands between $45k and $50k.

This shows current investor sentiment for BTC’s price floor to be $45k.

Bitcoin finishes the year with an ATH in hash-rate of 182 EH/s, closing out the year 27% higher, showing an increase in the use of the Bitcoin network.

According to data from analytics company Visibrain, there were 101 million tweets containing the word “bitcoin” in 2021.

This represents an increase of 350% from the volume recorded in 2020 showing increasing sentiment from retail and institutional investors worldwide.

SOURCE: https://cryptoslate.com/there-were-more-than-100-million-tweets-mentioning-bitcoin-in-2021/

SushiSwap, Arbitrum’s Bridge, Uniswap, and Centre become the largest platforms on Arbitrum giving users cheaper gas fees on their favorite EVM Dapps